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    Renovated Duplex with Flex Suite Title is generated by Realmo AI

    4917 PAINTERS Street, New Orleans, LA 70122

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    Claim this Listing
    For Sale
    $449,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    3,372 SF
    Price / SF:
    $133/SF
    Added:
    Jun 17, 2026
    Days on Market:
    21
    Last Refresh:
    Jul 7 at 4:06 am

    Property Features for 4917 PAINTERS Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, Driveway
    Standard status
    Active
    APN
    38W405320
    Size
    3,372 SF

    Taxes and HOA fees

    Tax Description
    1. GENTILLY TERRACE SQ 52 LOTS 2. 41 42 PAINTERS 50X119 3. HI-LO DBLE/FR 13/RM 2 GARAGE

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Clare Folson
    Clare Folson

    Listing agent Clare Folson License #995689817

    Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA

    Listing date Jun 17, 2026

    MLS# 2563479 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Renovated 1930 camelback double with Craftsman woodwork, arched openings, plaster walls, and hardwood floors
    • Each unit features 3 private bedrooms and 2 bathrooms, with a layout designed for more space and privacy than a shotgun configuration
    • Downstairs flex space off the kitchen with an en‑suite bath, closets, and laundry area (currently used as a primary suite; could serve other uses)
    • Two‑year‑old roof plus central heating and central air conditioning
    • Private driveways with off‑street parking for up to three vehicles per side, or for boat and trailer parking

    Overview

    This renovated camelback duplex preserves original 1930s Craftsman woodwork and features arched ceiling openings, plaster walls, and stunning hardwood floors. Each unit provides three private bedrooms and two bathrooms, with a layout that avoids the traditional shotgun configuration. Spacious double-parlor living and dining rooms lead to renovated kitchens with stone countertops and ample storage. A versatile downstairs flex space sits off the kitchen and is currently set up as a primary suite with an en-suite bath, closets, and a laundry area, though it can be used as a den, office, music room, guest suite, or a combination of uses. Recent improvements include a roof and central HVAC systems installed within the last two years.

    Set among tree-lined boulevards in Gentilly Terrace & Gardens, the property is about one block from Audubon Elementary and a neighborhood park. The home is served by private driveways that accommodate up to three vehicles per side, or boat and trailer parking, offering a practical convenience that is uncommon in the area.

    The unit-by-unit bedroom and bathroom design supports rental income while maintaining privacy for occupants. The flexible downstairs space can also fit owner-occupants, multigenerational households, or group purchases that need adaptable room configurations beyond standard bedroom plans. With updated major systems and preserved character features, the property is positioned for tenants and buyers seeking a renovated income property with real livability.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $54.6k $16.20
    − Vacancy −$4.7k −$1.40
    EGI $49.9k $14.80
    − OpEx −$15.0k −$4.44
    NOI $34.9k $10.36
    3,372 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $499.1K
    $436.7K – $582.3K (±1% cap)
    NOI $34,935 @ 7.0% cap · market cap 7.78%
    Second Best
    Apartment 5plus
    $433.5K
    $379.3K – $505.8K (±1% cap)
    NOI $30,345 @ 7.0% cap · market cap 6.76%
    Theoretical Best
    Office A
    $882.3K
    $772.1K – $1.03M (±1% cap)
    NOI $61,764 @ 7.0% cap · market cap 13.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Kitchen & Bath Showroom Building Supply (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Auto Parts Store Gym & Fitness Center Wine and Liquor Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.052394
    Latitude
    30.009204

    FAQs

    What type of property is this?
    Duplex - Renovated camelback duplex offers private 3-bedroom layouts per unit plus a versatile downstairs flex space and newer HVAC.
    Where is this duplex located?
    The property is located at 4917 PAINTERS Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Renovated 1930 camelback double with Craftsman woodwork, arched openings, plaster walls, and hardwood floors; Each unit features 3 private bedrooms and 2 bathrooms, with a layout designed for more space and privacy than a shotgun configuration; Downstairs flex space off the kitchen with an en‑suite bath, closets, and laundry area (currently used as a primary suite; could serve other uses)
    More about this property
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