New Construction Duplex with Open
For Sale
$469,000
736 38 S Genois St, New Orleans, LA 70119
Two-unit property with contemporary finishes, private laundry hookups, and flexible owner-occupancy potential.
Property Size2,462 SF
Price / SF$190.50
Days on Market92
Property Features for 736 38 S Genois St
General Information
Standard status
Active
Size
2,462 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Amenities
in-unit washer and dryer hookups
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Christian Shane Properties
Listed By:
Christian Galvin · License #995718884
(504) 252-0455
Source:
Fiorellaavenue
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 7 at 3:02PM
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 Christian Shane Properties
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Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains 2,462 square feet across two residences, each with three bedrooms and three full bathrooms. Both units feature open-concept interiors, luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and hookups for in-unit washers and dryers. The configuration supports occupying one unit while leasing the other.
The property is located at 736 38 S Genois St in New Orleans, near downtown, City Park, the Fairgrounds, the Canal Streetcar line, Lafitte Greenway, and I-10. It is situated in an X Flood Zone, a designation identified in the property information as potentially helping reduce insurance costs.
The property is located at 736 38 S Genois St in New Orleans, near downtown, City Park, the Fairgrounds, the Canal Streetcar line, Lafitte Greenway, and I-10. It is situated in an X Flood Zone, a designation identified in the property information as potentially helping reduce insurance costs.
Key Highlights
- 2024‑built duplex with 2,462 SF
- Each unit includes 3 bedrooms and 3 full baths
- Open‑concept layouts with luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,175
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,500
$623.5K
Cap Rate 7%
$445,357
$445.4K
Cap Rate 9%
$346,389
$346.4K
Market Conditions
NOI Build-Up for 2,462 SF
Gross rent
$48.7K $19.80/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$44.5K $18.09/SF
− OpEx
−$13.4K −$5.43/SF
NOI
$31.2K $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%
$623,500
Cap Rate 7%
$445,357
Cap Rate 9%
$346,389
Alternative Uses
Best Use
Multifamily LT 5
$445.4K
$389.7K – $519.6K
NOI $31,175 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$409.4K
$358.2K – $477.6K
NOI $28,655 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$644.2K
$563.7K – $751.6K
NOI $45,096 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with contemporary finishes, private laundry hookups, and flexible owner-occupancy potential.
Where is this duplex located?
The property is located at 736 38 S Genois St New Orleans, LA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 2024‑built duplex with 2,462 SF; Each unit includes 3 bedrooms and 3 full baths; Open‑concept layouts with luxury vinyl plank flooring
