Two-Unit Furnished Cottage
For Sale
$400,000
604-606 S GENOIS Street, New Orleans, LA 70119
Multi-Family, Creole Cottage, New Orleans, LA
Property Size1,536 SF
Price / SF$260.42
Days on Market50
Property Features for 604-606 S GENOIS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Lot features
Regular
Standard status
Active
APN
105300811
Size
1,536 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central HVAC
hardwood floors
granite counter tops
new appliances
updated plumbing/electrical
wood patio
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Roof type
Asphalt, Shingle
Architectural style
Cottage
Listing Agency:
The McEnery Company
(504) 274-2701
Listed By:
S. Parkerson McEnery
(504) 510-2856
Added: Aug 17
Changed: Sep 5
Last Checked: Oct 5 at 12:06PM
MLS# 2572886
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex at 604-606 S Genois Street is configured as two 768-square-foot units, each offering two bedrooms and two bathrooms. Built in 1920 in a cottage architectural style, the property features hardwood flooring, granite countertops, new appliances, updated plumbing and electrical systems, central HVAC, and a rear wood patio. The building is offered furnished, including linens and TVs.
The property is commercially zoned and fully permitted for short-term rental use. Public water service and an asphalt shingle roof are in place. Its location places the building steps from the Tulane Avenue bike lane and 1 mile from Downtown New Orleans.
The property is commercially zoned and fully permitted for short-term rental use. Public water service and an asphalt shingle roof are in place. Its location places the building steps from the Tulane Avenue bike lane and 1 mile from Downtown New Orleans.
Key Highlights
- Two 768 SF units, each with 2 bedrooms and 2 bathrooms
- 1,536 SF duplex built in 1920
- Fully permitted for short‑term rental use in a commercially zoned property
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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Cap Rate, Value Estimation, Potential NOI and more
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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 commercial property with two furnished residential units and short-term rental use.
Where is this duplex located?
The property is located at 604-606 S GENOIS Street 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 768 SF units, each with 2 bedrooms and 2 bathrooms; 1,536 SF duplex built in 1920; Fully permitted for short‑term rental use in a commercially zoned property
