Renovated Quadplex with Historic
For Sale
$650,000
1434-36 N DERBIGNY Street, New Orleans, LA 70116
MULTI_FAMILY - New Orleans, LA
Property Size3,416 SF
Price / SF$190.28
Days on Market61
Property Features for 1434-36 N DERBIGNY Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch
Fencing
Fenced
Lot features
Regular
Subdivision
Treme
Standard status
Active
APN
37W108710
Size
3,416 SF
Taxes and HOA fees
Tax Description
SQ 760 LOT 2 PT 6 33 X 71 1434-36 N DERBIGNY ST 2/STORY DOUBLE 9/RMS EACH SIDE C/R
Legal Description
SQ 760 LOT 2 PT 6 33 X 71 1434-36 N DERBIGNY ST 2/STORY DOUBLE 9/RMS EACH SIDE C/R
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Thomas McIntyre - Day · License #995715147
(504) 906-9449
Added: Jun 15
Changed: Jul 27
Last Checked: Aug 14 at 8:06PM
MLS# 2563079
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,416 square feet and was renovated in 2016. The building retains original hardwood floors, high ceilings, updated lighting, and other architectural details, while central heating and central air provide modern mechanical service. Balconies, a porch, fencing, and a shingle roof further define the improvements. Off-street parking is included, and the property is served by public water.
Located in the Tremé neighborhood of New Orleans, the quadplex is fully occupied and positioned on N Derbigny Street. Its existing configuration, preserved character, and updated interior elements provide a functional multifamily asset with established occupancy.
Located in the Tremé neighborhood of New Orleans, the quadplex is fully occupied and positioned on N Derbigny Street. Its existing configuration, preserved character, and updated interior elements provide a functional multifamily asset with established occupancy.
Key Highlights
- 3,416‑square‑foot quadplex with four residential units
- Renovated in 2016 with original hardwood floors and preserved architectural details
- Fully occupied multifamily property
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
$43,255
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
6.65%
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%
$865,100
$865.1K
Cap Rate 7%
$617,929
$617.9K
Cap Rate 9%
$480,611
$480.6K
Market Conditions
NOI Build-Up for 3,416 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
$67.6K $19.80/SF
− Vacancy
−$5.8K −$1.71/SF
EGI
$61.8K $18.09/SF
− OpEx
−$18.5K −$5.43/SF
NOI
$43.3K $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%
$865,100
Cap Rate 7%
$617,929
Cap Rate 9%
$480,611
Alternative Uses
Best Use
Multifamily LT 5
$617.9K
$540.7K – $720.9K
NOI $43,255 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$568.0K
$497.0K – $662.6K
NOI $39,758 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$868.2K
$759.7K – $1.01M
NOI $60,776 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
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?
Quadplex - Fully occupied four-unit property with 3,416 square feet, central HVAC, and off-street parking.
Where is this quadplex located?
The property is located at 1434-36 N DERBIGNY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,416‑square‑foot quadplex with four residential units; Renovated in 2016 with original hardwood floors and preserved architectural details; Fully occupied multifamily property
