Two-Unit One-Bedroom
For Sale
$212,000
4957 59 Western St, New Orleans, LA 70122
Both residences offer functional living areas with natural light and finished flooring in a residential New Orleans setting.
Property Size1,102 SF
Price / SF$192.38
Days on Market93
Property Features for 4957 59 Western St
General Information
Standard status
Active
Size
1,102 SF
Property subtype
Multi-Family
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
Greater Horizon Realty
Listed By:
Cherrie Ambrose · License #000058827
(504) 259-2148
Source:
Dominionplace
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 5 at 8:22PM
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
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 in New Orleans includes two separate residences, each arranged with one bedroom, one bathroom, and an open-feeling living area. The interiors feature finished floors and ample natural light, with layouts designed around practical everyday use. The property measures 1,102 SF and was built in 1956.
Located in ZIP code 70122, the property sits within a tree-lined residential neighborhood. Its two-unit configuration provides distinct living spaces within one building, while the matching one-bedroom, one-bath layouts create a consistent setup across both residences.
Located in ZIP code 70122, the property sits within a tree-lined residential neighborhood. Its two-unit configuration provides distinct living spaces within one building, while the matching one-bedroom, one-bath layouts create a consistent setup across both residences.
Key Highlights
- Two‑unit duplex with matching one‑bedroom, one‑bath residences
- 1,102 SF property built in 1956
- Finished flooring and abundant natural light in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,417
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,340
$228.3K
Cap Rate 7%
$163,100
$163.1K
Cap Rate 9%
$126,856
$126.9K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$17.9K $16.20/SF
− Vacancy
−$1.5K −$1.40/SF
EGI
$16.3K $14.80/SF
− OpEx
−$4.9K −$4.44/SF
NOI
$11.4K $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%
$228,340
Cap Rate 7%
$163,100
Cap Rate 9%
$126,856
Alternative Uses
Best Use
Multifamily LT 5
$163.1K
$142.7K – $190.3K
NOI $11,417 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$141.7K
$124.0K – $165.3K
NOI $9,917 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$288.4K
$252.3K – $336.4K
NOI $20,185 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
426
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer functional living areas with natural light and finished flooring in a residential New Orleans setting.
Where is this duplex located?
The property is located at 4957 59 Western St New Orleans, LA.
What is the asking price?
The asking price for this property is $212,000.
What are key features of this property?
This property features: Two‑unit duplex with matching one‑bedroom, one‑bath residences; 1,102 SF property built in 1956; Finished flooring and abundant natural light in both units
