Mixed-Use Building with
4705 IBERVILLE Street New Orleans, LA 70119
4705 IBERVILLE Street, New Orleans, LA, 70119
$425,000
For Sale
$425,000
MULTI_FAMILY - New Orleans, LA
Property Size2,309 SF
Price / SF$184.06
Days on Market66
Property Features for 4705 IBERVILLE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 206210302
- Size
- 2,309 SF
Taxes and HOA fees
- Tax Description
- SQ 611 LOT 2 IBERVILLE 31X120 4705-07 IBERVILLE ST
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Metal, Shingle
Listing Agency
Crane Realtors
(504) 210-2014
138 N Cortez Street, New Orleans, LA
Listed by
Aaron Dare · License #995681183
(504) 899-8666
Added: May 14 Checked: Jul 18 at 12:06 am
MLS# 2558084
Listing URL
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 mixed-use building combines a commercial unit and an attached residential unit under one roof. The commercial side at 4705 has a clean exterior with large picture windows and a bright, open interior with high ceilings and new luxury vinyl plank flooring, supporting office, retail, or other neighborhood commercial uses. The residential unit at 4707 is a 2-bedroom, 1-bath shotgun plan with the kitchen and living area at the front, bathroom in the middle, and rooms plus laundry toward the rear. It features high ceilings, lots of natural light, an open living and dining layout, and refinished original hardwood floors.
Located in Mid-City, the property is one block off Canal Street, with quick access to I-10. It is near dining and shopping and within the Canal, Carrollton, and Bienville corridors that include the streetcar line, supporting convenient access for residents and storefront customers.
For buyers and tenants seeking flexibility, the layout allows for occupation of one unit while using the other for residential or commercial income. The commercial storefront’s visibility-focused window frontage and open floor plan can accommodate a range of neighborhood services, while the residential unit provides a dedicated living space with established interior character and a straightforward, functional room sequence.
Located in Mid-City, the property is one block off Canal Street, with quick access to I-10. It is near dining and shopping and within the Canal, Carrollton, and Bienville corridors that include the streetcar line, supporting convenient access for residents and storefront customers.
For buyers and tenants seeking flexibility, the layout allows for occupation of one unit while using the other for residential or commercial income. The commercial storefront’s visibility-focused window frontage and open floor plan can accommodate a range of neighborhood services, while the residential unit provides a dedicated living space with established interior character and a straightforward, functional room sequence.
Key Highlights
- Mixed‑use building built in 1908 with central heating and central air
- Commercial unit (4705) with large picture windows and storefront layout suitable for office or retail uses
- Commercial side includes new luxury vinyl plank flooring and bright, open interior with excellent ceiling height
Local Financial Insights For 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 | $53.2k | $23.04 |
| − Vacancy | −$1.1k | −$0.46 |
| EGI | $52.1k | $22.58 |
| − OpEx | −$15.6k | −$6.77 |
| NOI | $36.5k | $15.81 |
2,309 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$521.4K
$456.2K – $608.3K
NOI $36,495 @ 7.0% cap · market cap 8.59%
Second Best
Mixed Use
$435.4K
$381.0K – $508.0K
NOI $30,479 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$604.2K
$528.7K – $704.9K
NOI $42,293 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a bright storefront and adjacent 2-bedroom shotgun residence, offering flexible leasing options.
Where is this mixed-use property located?
The property is located at 4705 IBERVILLE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Mixed‑use building built in 1908 with central heating and central air; Commercial unit (4705) with large picture windows and storefront layout suitable for office or retail uses; Commercial side includes new luxury vinyl plank flooring and bright, open interior with excellent ceiling height
