735-37 HANCOCK Street, Gretna, LA 70053
- Added:
- Apr 15, 2026
- Days on Market:
- 84
- Last Refresh:
- Jul 7 at 8:06 am
Property Features for 735-37 HANCOCK Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Pending
- APN
- 0100000139
- Size
- 1,829 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- 1% INT IN 2024 GRETNA TAX SALE TO XK8 LLC 12533655 IN THE NAME OF R & L INVESTMENT & CONSTRUCTION LLC (3448/117)-16 FURMAN DR KENNER LA 70065 OWN
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Craftsman
Listing agent Amber Hines (337) 522-7554
Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA (337) 522-7554
Listing date Apr 15, 2026
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.
HighLights
- Duplex built in 1985 in Old Gretna with central heating and central A/C
- 3‑bedroom, 2‑bath layout with approximately 915 living SF per unit
- 4,000 sq ft lot on a rectangular parcel with off‑street parking
- Public utilities with public water service and a shingle roof
- Zoned for townhouse/duplex use for rental income or owner‑occupant living
- Recent lease activity reported around $1,800/month
Overview
Located in the heart of Old Gretna in an established residential neighborhood, the property provides convenient access to downtown New Orleans, local schools, and nearby amenities. The listing also notes that the property is zoned for townhouse/duplex use, aligning with the current duplex configuration.
For buyers seeking an owner-occupied setup or investors looking for a straightforward income property, the unit mix and zoning support flexible occupancy options. Recent lease activity is noted around $1,800 per month, which may be relevant for underwriting and leasing discussions. Overall, this is a duplex designed for rental income or multi-generational living, with outdoor space and updates already in place.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.4k | $17.16 |
| − Vacancy | −$2.7k | −$1.48 |
| EGI | $28.7k | $15.68 |
| − OpEx | −$8.6k | −$4.70 |
| NOI | $20.1k | $10.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gretna
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.048997
- Latitude
- 29.931787
