Furnished
For Sale
$400,000
604-606 S GENOIS Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size1,536 SF
Price / SF$260.42
Days on Market68
Property Features for 604-606 S GENOIS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 1
Standard status
Active
APN
105300811
Size
1,536 SF
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
wood patio
Building Details
Year built
1920
Number of units
2
Building materials
Frame, Wood Siding
Architectural style
Creole
Listing Agency:
The McEnery Company
(504) 274-2701
Listed By:
S. Parkerson P McEnery · License #995695203
(504) 510-2856
Added: Aug 17
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2572886
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Creole-style duplex in New Orleans dates to 1920 and contains two 768-square-foot units, each with two bedrooms and two bathrooms. The furnished interiors include hardwood flooring, granite countertops, new appliances, central HVAC, and updated plumbing and electrical systems. A wood patio adds outdoor space at the rear of the property. Public water and sewer serve the site, and natural gas is available.
The property is steps from the Tulane Avenue bike lane and approximately one mile from Downtown New Orleans. Its commercial zoning and short-term rental permits are established features of the two-unit setup.
The property is steps from the Tulane Avenue bike lane and approximately one mile from Downtown New Orleans. Its commercial zoning and short-term rental permits are established features of the two-unit setup.
Key Highlights
- Two units, each with 768 SF, two bedrooms, and two bathrooms
- Commercially zoned and permitted for short‑term rental use
- Built in 1920 in the Creole architectural style
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.
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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
Frequently Asked Questions
What type of property is this?
Duplex - Fully permitted and commercially zoned, the two-unit property is equipped for 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 units, each with 768 SF, two bedrooms, and two bathrooms; Commercially zoned and permitted for short‑term rental use; Built in 1920 in the Creole architectural style
