Duplex with Granite
For Sale
$229,000
4954 56 BACCICH Street, New Orleans, LA 70122
The two-unit residence has stainless steel appliances and granite kitchen surfaces.
Property Size1,515 SF
Price / SF$151.16
Days on Market32
Property Features for 4954 56 BACCICH Street
General Information
Standard status
Active
Size
1,515 SF
Property subtype
Duplex
Site & Location
Neighborhood
Gentilly Terrace
Amenities
stainless appliances
granite countertops
Building Details
Building Size
1,515 SF
Year Built
1942
Listing Agency:
Charbonnet and Co. Realtors
Listed By:
Courtney Charbonnet
(504) 261-6307
Source:
Charbonnetcorealtors
Added: Sep 28
Changed: Oct 26
Last Checked: Oct 26 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charbonnet and Co. Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 4954–56 Baccich Street in New Orleans includes stainless steel appliances and granite countertops. The property was built in 1942 and is identified as being in an X flood zone. Located in Gentilly Terrace, it is configured as a two-unit residential property.
Key Highlights
- Duplex in the Gentilly Terrace area of New Orleans
- Built in 1942
- Located in an X flood zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,696
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,920
$313.9K
Cap Rate 7%
$224,229
$224.2K
Cap Rate 9%
$174,400
$174.4K
Market Conditions
NOI Build-Up for 1,515 SF
Gross rent
$24.5K $16.20/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$22.4K $14.80/SF
− OpEx
−$6.7K −$4.44/SF
NOI
$15.7K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,920
Cap Rate 7%
$224,229
Cap Rate 9%
$174,400
Alternative Uses
Best Use
Multifamily LT 5
$224.2K
$196.2K – $261.6K
NOI $15,696 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$194.8K
$170.4K – $227.2K
NOI $13,634 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$396.4K
$346.9K – $462.5K
NOI $27,750 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit residence has stainless steel appliances and granite kitchen surfaces.
Where is this duplex located?
The property is located at 4954 56 BACCICH Street New Orleans, LA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Duplex in the Gentilly Terrace area of New Orleans; Built in 1942; Located in an X flood zone
