432 EIGHTH Street, New Orleans, LA 70115
- Added:
- Jun 16, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 16 at 8:06 pm
Property Features for 432 EIGHTH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 411100509
- Size
- 4,212 SF
Taxes and HOA fees
- Tax Description
- 1. SQ 20 LOT A EIGHTH & 2. ST THOMAS 55X83 = 4565 SQ FT 3. DB 432-38 EIGHTH ST 4. 3300 SQ FT 5. PERMIT #04BLD-01410 7/1/04
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1924
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Cottage
Listing agent Erin Hardy License #995691201 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Jun 16, 2026
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.
HighLights
- Renovated double built in 1924; renovated in 2013
- Each side offers 4 bedrooms and 3 full bathrooms; left side includes an additional room for office or bedroom
- Original features include exposed brick fireplaces and hardwood floors
- Recent upgrades include a new roof, HVAC systems, electrical panels, and gutters
- Central heating and central air; public water source
- Shared backyard with separate decks; fenced with porch
Overview
The property is located on a quiet street in the Irish Channel and is described as walkable to neighborhood favorites such as NOLA Brewing, Levee Baking Co., and Tchoup Yard, as well as the Magazine Street corridor. The shared backyard includes separate decks, providing outdoor space with separation between the two sides.
For an owner-occupied setup, the layout supports privacy while keeping a second unit available to offset living costs. For investors, the configuration provides two self-contained residential options with multiple bedrooms and full baths per side. The current owner has completed upgrades including a new roof, HVAC systems, electrical panels, and gutters. Inquire for details on potential short-term rental use, as noted in the remarks.
Local 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 | $56.6k | $13.44 |
| − Vacancy | −$4.9k | −$1.16 |
| EGI | $51.7k | $12.28 |
| − OpEx | −$15.5k | −$3.68 |
| NOI | $36.2k | $8.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.082263
- Latitude
- 29.920084
