Duplex with Rear Separate-Entry
7312-14 Panola Street, New Orleans, LA 70118
For Sale
New
$475,000
Multifamily, New Orleans, LA
Property Size2,300 SF
Lot Size0.10 Acres
Price / SF$206.52
Days on Market1
Property Features for 7312-14 Panola Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Exterior features
Fencing
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
off-street parking
storage shed
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
McEnery Residential, LLC (MCEN02)
(504) 605-4400
Listed By:
Rebecca T Waxman · License LA #995706680
(504) 261-6867
Added: Nov 9
Last Checked: Nov 9 at 8:06PM
MLS# 200QQK
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.
Built in 1920, this 2,300-square-foot cottage is arranged as two residences. The main unit has two bedrooms and two bathrooms, with an L-shaped plan that includes a shotgun-style section and a separate living area. A one-bedroom, one-bath unit at the rear has its own entrance from the driveway. Interior details include wood flooring, cedar doors and trim, and high ceilings. The property also has a front porch, off-street driveway parking, and a storage shed.
The property is in the Carrollton area of New Orleans, near restaurants and coffee shops, with access to I-10. The lot measures 0.1019 acres.
The property is in the Carrollton area of New Orleans, near restaurants and coffee shops, with access to I-10. The lot measures 0.1019 acres.
Key Highlights
- Two residences: main unit with 2 bedrooms and 2 bathrooms; rear unit with 1 bedroom and 1 bathroom
- 2,300 square feet on a 0.1019‑acre lot
- Rear unit has a separate entrance from the driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,124
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,480
$582.5K
Cap Rate 7%
$416,057
$416.1K
Cap Rate 9%
$323,600
$323.6K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$45.5K $19.80/SF
− Vacancy
−$3.9K −$1.71/SF
EGI
$41.6K $18.09/SF
− OpEx
−$12.5K −$5.43/SF
NOI
$29.1K $12.66/SF
Area
New Orleans, LA
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%
$582,480
Cap Rate 7%
$416,057
Cap Rate 9%
$323,600
Alternative Uses
Best Use
Multifamily LT 5
$416.1K
$364.1K – $485.4K
NOI $29,124 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$382.4K
$334.6K – $446.2K
NOI $26,769 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$584.6K
$511.5K – $682.0K
NOI $40,921 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A cottage layout pairs a two-bedroom, two-bath main residence with a distinct rear one-bedroom unit.
Where is this duplex located?
The property is located at 7312-14 Panola Street New Orleans, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residences: main unit with 2 bedrooms and 2 bathrooms; rear unit with 1 bedroom and 1 bathroom; 2,300 square feet on a 0.1019‑acre lot; Rear unit has a separate entrance from the driveway
