Furnished Two-Unit
For Sale
$400,000
604-606 S Genois St, New Orleans, LA 70119
Fully permitted short-term rental property with central HVAC, updated systems, and furnished interiors.
Property Size1,536 SF
Price / SF$260.42
Days on Market59
Property Features for 604-606 S Genois St
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
central HVAC
hardwood floors
granite counter tops
new appliances
updated plumbing/electrical
wood patio
Building Details
Year Built
1920
Listing Agency:
Keller Williams Realty 455-0100
(504) 455-0100
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 14
Changed: Oct 10
Last Checked: Oct 9 at 8:01PM
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 Keller Williams Realty 455-0100
Investment Insights
Based on property information with market context.
The duplex at 604-606 S. Genois Street contains two furnished units, each offering 2 bedrooms, 2 bathrooms, and 768 SF. Combined building area is 1,536 SF. Interior features include central HVAC, hardwood floors, granite countertops, new appliances, and updated plumbing and electrical systems. Furnishings include linens, televisions, and additional household contents. A wood patio serves the rear yard.
The property carries MU-1 zoning and is fully permitted for short-term rental use. It is located steps from the Tulane Avenue bike lane and approximately 1 mile from Downtown New Orleans. Both units are configured for residential occupancy within the same duplex structure.
The property carries MU-1 zoning and is fully permitted for short-term rental use. It is located steps from the Tulane Avenue bike lane and approximately 1 mile from Downtown New Orleans. Both units are configured for residential occupancy within the same duplex structure.
Key Highlights
- Two‑unit duplex with 1,536 SF combined building area
- Each unit includes 2 bedrooms, 2 bathrooms, and 768 SF
- MU‑1 zoning with fully permitted short‑term rental use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,450
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,000
$389.0K
Cap Rate 7%
$277,857
$277.9K
Cap Rate 9%
$216,111
$216.1K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$30.4K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.8K $18.09/SF
− OpEx
−$8.3K −$5.43/SF
NOI
$19.4K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,000
Cap Rate 7%
$277,857
Cap Rate 9%
$216,111
Alternative Uses
Best Use
Multifamily LT 5
$277.9K
$243.1K – $324.2K
NOI $19,450 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$255.4K
$223.5K – $298.0K
NOI $17,877 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$401.9K
$351.7K – $468.9K
NOI $28,135 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,830
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully permitted short-term rental property with central HVAC, updated systems, and furnished interiors.
Where is this duplex located?
The property is located at 604-606 S Genois St New Orleans, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 SF combined building area; Each unit includes 2 bedrooms, 2 bathrooms, and 768 SF; MU‑1 zoning with fully permitted short‑term rental use
