Mixed-Use Building with
4705 IBERVILLE Street New Orleans, LA 70119
4705 IBERVILLE Street, New Orleans, LA, 70119
$425,000
For Sale
$425,000
COMMERCIAL - New Orleans, LA
Property Size2,309 SF
Price / SF$184.06
Days on Market65
Property Features for 4705 IBERVILLE Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HU-RD2
- 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
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 1
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 17 at 10:06 pm
MLS# 2558081
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.
The property is a versatile mixed-use building with a commercial unit and an adjacent residential unit. The commercial side (4705) features a clean exterior facade with large picture windows and a bright, open storefront layout with excellent ceiling height and new luxury vinyl plank flooring, supporting office, retail, or other neighborhood commercial uses. The adjacent residential unit (4707) is a 2-bedroom, 1-bath shotgun plan. The kitchen and living area are positioned at the front, the bathroom is in the middle, and the bedrooms and laundry are at the back. The home includes high ceilings, abundant natural light, an open living and dining layout, and refinished original hardwood floors.
Located in the heart of Mid-City, the building is one block off Canal Street. It offers quick access to I-10 and is positioned near dining and shopping, with the streetcar line along the Canal, Carrollton, and Bienville corridors.
This setup is well suited for an owner-operator or investor seeking flexibility, since the commercial storefront and residential unit can be used together or leased separately to multiple tenants. The commercial space’s storefront configuration and updates can help support neighborhood-facing businesses, while the residential layout provides a straightforward option for long-term rental housing.
Located in the heart of Mid-City, the building is one block off Canal Street. It offers quick access to I-10 and is positioned near dining and shopping, with the streetcar line along the Canal, Carrollton, and Bienville corridors.
This setup is well suited for an owner-operator or investor seeking flexibility, since the commercial storefront and residential unit can be used together or leased separately to multiple tenants. The commercial space’s storefront configuration and updates can help support neighborhood-facing businesses, while the residential layout provides a straightforward option for long-term rental housing.
Key Highlights
- Mixed‑use building offering a commercial unit and residential space.
- Prime Mid‑City location, just one block from Canal Street.
- Quick access to I‑10, dining, shopping, and streetcar lines.
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
Office B
$489.8K
$428.6K – $571.5K
NOI $34,289 @ 7.0% cap · market cap 8.07%
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 - A storefront-ready commercial unit plus an adjacent 2-bedroom residential unit for flexible occupancy or separate leasing.
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 offering a commercial unit and residential space.; Prime Mid‑City location, just one block from Canal Street.; Quick access to I‑10, dining, shopping, and streetcar lines.
