Duplex with Two One-Bed
4957-59 Western Street New Orleans, LA 70122
4957-59 Western Street, New Orleans, LA, 70122
$217,000
For Sale
$217,000
Two separate one-bedroom, one-bath units offer a straightforward setup for owner-occupants or residential income investors.
Property Size1,102 SF
Price / SF$196.91
Days on Market60
Property Features for 4957-59 Western Street
General Information
- Standard status
- Active
- Size
- 1,102 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1956
Listing Agency
Greater Horizon Realty
(504) 259-2148
Listed by
Cherrie Ambrose · License #000058827
(504) 259-2148
Source
Compass
Added: May 19 Checked: Jul 16 at 7:37 am
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 Greater Horizon Realty
Investment Insights
Based on property information with market context.
This duplex features two separate units, each laid out with a one-bedroom, one-bath design. Both homes include bright, inviting living areas and attractive flooring, with an emphasis on natural light throughout. The interior configuration is described as providing privacy while still maintaining an open feel within each unit.
The property is situated in a quiet, tree-lined neighborhood.
For an owner-occupant, the duplex format supports living in one unit while keeping a second unit available to offset housing costs. For investors, the two-unit arrangement provides clear, repeatable unit design with one-bedroom and one-bath layouts on both sides, which can simplify leasing and tenant turnover planning.
The property is situated in a quiet, tree-lined neighborhood.
For an owner-occupant, the duplex format supports living in one unit while keeping a second unit available to offset housing costs. For investors, the two-unit arrangement provides clear, repeatable unit design with one-bedroom and one-bath layouts on both sides, which can simplify leasing and tenant turnover planning.
Key Highlights
- 1956‑built 1‑story property with double‑unit layout
- Two separate 1‑bedroom, 1‑bath units
- Each unit includes central air and central heating
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 | $17.9k | $16.20 |
| − Vacancy | −$1.5k | −$1.40 |
| EGI | $16.3k | $14.80 |
| − OpEx | −$4.9k | −$4.44 |
| NOI | $11.4k | $10.36 |
1,102 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$163.1K
$142.7K – $190.3K
NOI $11,417 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$141.7K
$124.0K – $165.3K
NOI $9,917 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$288.4K
$252.3K – $336.4K
NOI $20,185 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two separate one-bedroom, one-bath units offer a straightforward setup for owner-occupants or residential income investors.
Where is this duplex located?
The property is located at 4957-59 Western Street New Orleans, LA.
What is the asking price?
The asking price for this property is $217,000.
What are key features of this property?
This property features: 1956‑built 1‑story property with double‑unit layout; Two separate 1‑bedroom, 1‑bath units; Each unit includes central air and central heating
