Renovated 6-Bedroom
For Sale
$370,000
9017-19 Green St, New Orleans, LA 70118
Two separate residences feature updated interiors, private entrances, outdoor areas, and off-street parking.
Property Size1,930 SF
Price / SF$191.71
Days on Market16
Property Features for 9017-19 Green St
General Information
Standard status
Active
Size
1,930 SF
Property subtype
Multi-Family
Building Details
Year Built
2007
Listing Agency:
Bilal A. Zughayer
(504) 500-1000
Listed By:
Bilal Zughayer · License #995701167
Source:
Fiorellaavenue
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 30 at 8:54PM
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 Bilal A. Zughayer
Investment Insights
Based on property information with market context.
Located at 9017-19 Green St in New Orleans, this duplex contains two matching residences within approximately 1,930 square feet of living space and 2,537 square feet in total area. Built in 2007, the property offers six bedrooms and four full bathrooms, with three bedrooms and two baths on each side.
Both units include 9-foot ceilings, generous living rooms, refreshed kitchens with shaker cabinetry, stone countertops and backsplashes, stainless-steel appliances, and dedicated washer/dryer areas. Tile finishes, contemporary vanities, and updated fixtures add to the bathroom improvements. Exterior features include a covered front porch, rear deck, fenced yard, separate entrances, off-street parking, and refreshed finishes.
Both units include 9-foot ceilings, generous living rooms, refreshed kitchens with shaker cabinetry, stone countertops and backsplashes, stainless-steel appliances, and dedicated washer/dryer areas. Tile finishes, contemporary vanities, and updated fixtures add to the bathroom improvements. Exterior features include a covered front porch, rear deck, fenced yard, separate entrances, off-street parking, and refreshed finishes.
Key Highlights
- Two‑unit duplex with 6 bedrooms and 4 full bathrooms
- Approximately 1,930 sq. ft. of living space and 2,537 sq. ft. total area
- Each side includes 3 bedrooms, 2 full bathrooms, and 9‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,439
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,780
$488.8K
Cap Rate 7%
$349,129
$349.1K
Cap Rate 9%
$271,544
$271.5K
Market Conditions
NOI Build-Up for 1,930 SF
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.
Gross rent
$38.2K $19.80/SF
− Vacancy
−$3.3K −$1.71/SF
EGI
$34.9K $18.09/SF
− OpEx
−$10.5K −$5.43/SF
NOI
$24.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,780
Cap Rate 7%
$349,129
Cap Rate 9%
$271,544
Alternative Uses
Best Use
Multifamily LT 5
$349.1K
$305.5K – $407.3K
NOI $24,439 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$320.9K
$280.8K – $374.4K
NOI $22,463 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$490.5K
$429.2K – $572.3K
NOI $34,338 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
907
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature updated interiors, private entrances, outdoor areas, and off-street parking.
Where is this duplex located?
The property is located at 9017-19 Green St New Orleans, LA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit duplex with 6 bedrooms and 4 full bathrooms; Approximately 1,930 sq. ft. of living space and 2,537 sq. ft. total area; Each side includes 3 bedrooms, 2 full bathrooms, and 9‑foot ceilings
