4223 ST CLAUDE Avenue New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
- Added:
- Oct 13, 2025
- Days on Market:
- 273
- Last Refresh:
- Jul 12 at 11:06 am
Property Features for 4223 ST CLAUDE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Courtyard, Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- SQ 413 LOT 1 OR 7
- Size
- 2,828 SF
Taxes and HOA fees
- Tax Description
- SQ 413 LOT 1 OR 7 ST CLAUDE 27X120 GEN BUS.1380 SF FT 4. RES 1380 SQ FT 5. 2/STORY FR STORE
Utilities
- Heating system
- Ductless (Heating), Other (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Craftsman
Listing agent Katie Witry License #995710150 (504) 453-2277
Listing office Witry Collective, L.L.C. 3640 Magazine St, New Orleans, LA (504) 291-2022
Listing date Oct 13, 2025
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.
Located at 4223 St. Claude Avenue in the Upper 9th Ward, the building is part of the St. Claude Main Street Program. It is in Flood Zone X and includes a termite contract. The property qualifies for State and Federal Historic Tax Credits and is identified with zoning HMC-2 in the Historic Marigny/Treme/Bywater Commercial District, with lots of permitted uses indicated in the listing remarks.
The layout supports an owner-operator configuration, with business space downstairs and living space upstairs, providing separate day-to-day areas within the same historic structure.
Local Financial Insights For Specialty Retail
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 | $54.3k | $19.20 |
| − Vacancy | −$1.1k | −$0.38 |
| EGI | $53.2k | $18.82 |
| − OpEx | −$13.3k | −$4.70 |
| NOI | $39.9k | $14.11 |
