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    Duplex with Rear Parking Access Title is generated by Realmo AI

    920 LAFAYETTE Street, Gretna, LA 70053

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    Claim this Listing
    New
    For Sale
    $375,000

    MULTI_FAMILY - Gretna, LA

    Property size:
    1,988 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $188/SF
    Added:
    Jul 8, 2026
    Days on Market:
    2
    Last Refresh:
    Jul 9 at 1:06 am

    Property Features for 920 LAFAYETTE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Exterior features
    Fence, Porch
    Fencing
    Fenced
    Standard status
    Active
    APN
    0100004916
    Size
    1,988 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    LOTS E & F SQ 18 GRETNA SUB

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

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    Contact an agent
    Suzanne Brown

    Listing agent Suzanne Brown

    Listing office McEnery Residential, LLC 4901 Magazine Street, New Orleans, LA

    Listing date Jul 8, 2026

    MLS# 2566759 Listing URL

    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

    • Zoned C‑1 Neighborhood Commercial on highly visible Lafayette Street in historic Old Gretna
    • Currently configured as a shotgun‑style double with flexible use as commercial space or residential
    • Each side includes a full bathroom, full kitchen, laundry room, and multiple exterior access points
    • Separate utilities plus central heating (central) and central air
    • Spacious rear parking lot with direct access to Lafayette Street and off‑street parking
    • Built in 1920 with a shingle roof, fenced exterior, and a porch; public water

    Overview

    This shotgun-style double property is currently configured as two units, and each side includes a full bathroom, full kitchen, laundry room, and multiple exterior access points. The layout is supported by separate utilities and central HVAC, with soaring ceilings and abundant natural light throughout. The configuration also allows the spaces to function as either residential or commercial, depending on the tenant or operator’s needs.

    Located on Lafayette Street in Gretna, LA, the property is zoned C-1 Neighborhood Commercial. This zoning is intended to support retail goods and select services that serve the surrounding community, with an emphasis on small-scale, pedestrian-oriented businesses compatible with nearby residential neighborhoods. The property also includes a spacious rear parking lot with direct Lafayette Street access, providing off-street parking uncommon for the area.

    For tenants and buyers seeking flexibility, the building’s dual-unit setup, in-unit amenities (kitchen, laundry, and full baths), and multiple exterior entrances can support a range of uses within a neighborhood commercial district. The combination of street visibility and dedicated parking supports practical operations where customer access and day-to-day functionality are important.

    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 $34.1k $17.16
    − Vacancy −$2.9k −$1.48
    EGI $31.2k $15.68
    − OpEx −$9.3k −$4.70
    NOI $21.8k $10.97
    1,988 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $311.7K
    $272.7K – $363.6K (±1% cap)
    NOI $21,817 @ 7.0% cap · market cap 5.82%
    Second Best
    Apartment 5plus
    $291.4K
    $254.9K – $339.9K (±1% cap)
    NOI $20,395 @ 7.0% cap · market cap 5.44%
    Theoretical Best
    Office A
    $524.5K
    $458.9K – $611.9K (±1% cap)
    NOI $36,714 @ 7.0% cap · market cap 9.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store Butcher Electrical Service Nursing Home (Bike/Boat/Book/etc) Store Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.058962
    Latitude
    29.912721

    FAQs

    What type of property is this?
    Duplex - Shotgun-style duplex offering separate utilities, central HVAC, and off-street parking with direct street access for flexible use.
    Where is this duplex located?
    The property is located at 920 LAFAYETTE Street Gretna, LA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Zoned C‑1 Neighborhood Commercial on highly visible Lafayette Street in historic Old Gretna; Currently configured as a shotgun‑style double with flexible use as commercial space or residential; Each side includes a full bathroom, full kitchen, laundry room, and multiple exterior access points
    More about this property
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