4501 03 Canal St, New Orleans
5 Beds, 3 Baths, 3,274 Sf
$539,000
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S 114 Hennessey St , New Orleans
$674,900
6 Beds
4 Baths
3,584 Sqft
.1 Acres
No Garage
Acquire a fully leased Mid-City double, one block off Canal Street. 114â116 S Hennessey Street offers in-place income of $5,100/month ($61,200 annualized) with upside through rent increases or short-term rental activation (114 is currently permitted for STR). Zoned HU-MU (Historic Urban Mixed-Use), this ±3,584 SF property sits in Flood Zone X and conveys with furnishings and appliances (tenant personal items excluded). New roof Dec 2023.
The 114 side ($2,400/month) is on a month-to-month lease, giving a buyer immediate flexibility to reset rents or pursue STR use. The 116 side ($2,700/month) is leased through March 2026. Previous STR operations on 114 generated $43,800/year, demonstrating strong short-term demand.
Essential Information
MLS® #2524561
Price$674,900
Bedrooms6
Bathrooms4.00
Full Baths4
Square Footage3,584
Acres0.10
Year Built1913
TypeResidential Income
Sub-TypeDuplex, Victorian
StatusActive
Community Information
AddressS 114 Hennessey St
CityNew Orleans
CountyOrleans
StateLouisiana
Zip Code70119
Amenities
ParkingNone
Interior
HeatingCentral
CoolingCentral Air
Exterior
ExteriorBrick, Wood Siding
Lot DescriptionCity Lot, Rectangular Lot
RoofAsphalt
ConstructionBrick, Wood Siding
FoundationRaised
Additional Information
Days on Market18
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