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 Market44
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
(504) 259-2148
Listed By:
Cherrie Ambrose · License #000058827
Source:
Dominionplace
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 31 at 6:58PM
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 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 = 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
$11,417
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
5.39%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
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 - 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
