Mid-City Duplex | New Orleans STR Income
Multifamily | 2 Units | $332,450/unit
Marketing description
Prime Mid-City duplex located just one block off Canal Street, offering immediate income and multiple value-add strategies.
114–116 S Hennessey Street consists of a 3,584 SF two-unit property with flexible use potential. The 116 unit is currently operating as a successful short-term rental, while the 114 unit has recently become vacant, creating an opportunity to set new rents, expand STR operations, or owner-occupy.
Zoned HU-MU (Historic Urban Mixed-Use), the property supports a variety of residential and mixed-use configurations (buyer to verify STR eligibility).
The property conveys with furnishings and appliances (excluding tenant personal items), making it well-positioned for continued STR or rental use.
Recent capital improvement includes a new roof installed December 2023.
Located steps from the Canal Streetcar line, restaurants, and neighborhood amenities, this asset offers strong demand drivers and long-term appreciation potential.
Investment highlights
• Duplex | 2 Units | 3,584 SF
• 6 Bedrooms | 4 Bathrooms Total
• Active STR on One Side (116)
• Vacant Unit (114) = Immediate Upside
• HU-MU Zoning (Flexible Use Potential)
• New Roof (Dec 2023)
• Flood Zone X
• Walkable Mid-City Location Near Canal Street
• Ideal for House Hack, STR Expansion, or Long-Term Rental
• Seller Financing / Creative Terms Considered
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