Occupied Duplex with 3-3
For Sale
$180,000
4921 EASTVIEW Drive, New Orleans, LA 70126
Multi-Family, Party Wall Double, New Orleans, LA
Property Size1,824 SF
Lot Size0.19 Acres
Price / SF$98.68
Days on Market131
Property Features for 4921 EASTVIEW Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Regular
Standard status
Active
APN
39W919717
Size
1,824 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
EAST VIEW SQ 10 LOTS 23 24 EAST VIEW 50 X 162 FR SGLE 6/RM A/R
Legal Description
EAST VIEW SQ 10 LOTS 23 24 EAST VIEW 50 X 162 FR SGLE 6/RM A/R
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Maya Madison · License #995693263
(504) 669-8822
Added: Apr 14
Changed: Aug 19
Last Checked: Aug 22 at 12:06PM
MLS# 2552830
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.
Investment Insights
Based on property information with market context.
This income-producing duplex is configured as a two-unit property, with each side offering 3 bedrooms and 2 full bathrooms. The property is fully occupied, with both units currently tenant-occupied. Total building size is listed at 1,824 square feet, situated on a 0.186-acre lot.
The property is located at 4921 Eastview Drive in New Orleans, Louisiana 70126, within Orleans Parish. With both sides leased and producing income, the current operating setup is already in place rather than requiring immediate tenant onboarding.
For buyers seeking a multifamily asset with existing in-place tenants, this duplex offers a straightforward setup: a mirrored unit layout and an occupancy status that supports continuity. With stated current gross rent of $2,800 per month, it may appeal to investors looking for immediate cash-flow through a ready-to-operate residential income property. Buyers may also consider the property’s size and lot configuration as they evaluate long-term management and tenant fit.
The property is located at 4921 Eastview Drive in New Orleans, Louisiana 70126, within Orleans Parish. With both sides leased and producing income, the current operating setup is already in place rather than requiring immediate tenant onboarding.
For buyers seeking a multifamily asset with existing in-place tenants, this duplex offers a straightforward setup: a mirrored unit layout and an occupancy status that supports continuity. With stated current gross rent of $2,800 per month, it may appeal to investors looking for immediate cash-flow through a ready-to-operate residential income property. Buyers may also consider the property’s size and lot configuration as they evaluate long-term management and tenant fit.
Key Highlights
- Income‑producing double with 3 bedrooms and 2 full bathrooms on each side
- Both units are tenant‑occupied, generating $2,800 per month
- Central heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,902
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,040
$298.0K
Cap Rate 7%
$212,886
$212.9K
Cap Rate 9%
$165,578
$165.6K
Market Conditions
NOI Build-Up for 1,824 SF
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.
Gross rent
$23.4K $12.84/SF
− Vacancy
−$2.1K −$1.17/SF
EGI
$21.3K $11.67/SF
− OpEx
−$6.4K −$3.50/SF
NOI
$14.9K $8.17/SF
Area
ZIP 70126
Vacancy
9.10%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,040
Cap Rate 7%
$212,886
Cap Rate 9%
$165,578
Alternative Uses
Best Use
Multifamily LT 5
$212.9K
$186.3K – $248.4K
NOI $14,902 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$205.2K
$179.6K – $239.4K
NOI $14,365 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$478.4K
$418.6K – $558.2K
NOI $33,489 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with 3 bedrooms and two full bathrooms per side, currently producing $2,800 monthly rent.
Where is this duplex located?
The property is located at 4921 EASTVIEW Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Income‑producing double with 3 bedrooms and 2 full bathrooms on each side; Both units are tenant‑occupied, generating $2,800 per month; Central heating and central air conditioning
