Craftsman Fourplex with Private
1445 SAINT MARY Street New Orleans, LA 70130
For Sale
$675,000
Pending
MULTI_FAMILY - New Orleans, LA
Property Size4,094 SF
Days on Market100
Property Features for 1445 SAINT MARY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Courtyard, Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 1445
- Size
- 4,094 SF
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Craftsman
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Michael Styles · License #995690479
(504) 777-1773
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 24 at 4:06PM
MLS# 2553267
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 double-gallery Craftsman-style fourplex is presented in excellent condition and highlights classic New Orleans architectural details. The property includes a full-width covered porch, hardwood floors, and soaring ceilings. Each of the four units has its own private entrance and is described as having non-shotgun floor plans, along with individual central air and heat and separate in-unit washer and dryers.
The property is identified as being located in preferred Flood Zone X. It’s described as being in a walkable area, just steps to the St. Charles Avenue parade route and Magazine Street, with downtown nearby and easy access to other parts of the city.
The offering is for sale and includes long-term tenants, with the remarks stating that market rents indicate room for growth. First showings are noted for Sunday 11–1.
The property is identified as being located in preferred Flood Zone X. It’s described as being in a walkable area, just steps to the St. Charles Avenue parade route and Magazine Street, with downtown nearby and easy access to other parts of the city.
The offering is for sale and includes long-term tenants, with the remarks stating that market rents indicate room for growth. First showings are noted for Sunday 11–1.
Key Highlights
- 1920 Craftsman‑style New Orleans double gallery Lower Garden District fourplex
- Full‑width covered porch with courtyard, balcony, and fenced yard
- Central heating and central air in all four units
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 | $81.1k | $19.80 |
| − Vacancy | −$7.0k | −$1.71 |
| EGI | $74.1k | $18.09 |
| − OpEx | −$22.2k | −$5.43 |
| NOI | $51.8k | $12.66 |
4,094 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$680.7K
$595.6K – $794.2K
NOI $47,649 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.04M
$910.5K – $1.21M
NOI $72,839 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex in excellent condition with a full-width covered porch, hardwood floors, soaring ceilings, and private entrances.
Where is this quadplex located?
The property is located at 1445 SAINT MARY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1920 Craftsman‑style New Orleans double gallery Lower Garden District fourplex; Full‑width covered porch with courtyard, balcony, and fenced yard; Central heating and central air in all four units
