Second-Floor One-Bedroom
For Sale
Contact for pricing
117 C N Solomon Street, New Orleans, LA 70119
This 390-square-foot residence features hardwood floors, 11-foot ceilings, and shared laundry facilities.
Property Size390 SF
Price / SF$2.56
Days on Market20
Property Features for 117 C N Solomon Street
General Information
Standard status
Active
Size
390 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mid-City
Building Details
Year Built
1945
Listing Agency:
John Weil Realty, LLC
Listed By:
John Weil · License #WEILJOHN
Source:
Thepuckettteam
Added: Oct 5
Changed: Oct 18
Last Checked: Oct 23 at 4:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Weil Realty, LLC
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Investment Insights
Based on property information with market context.
Set on the second floor, this one-bedroom apartment offers 390 square feet with a large closet, hardwood flooring, and 11-foot ceilings. A shared washer and dryer are available in the building, and the lease term is 12 months.
The apartment is in Mid-City, near Canal Street and the streetcar line, with grocery stores, shops, and restaurants in the surrounding area.
The apartment is in Mid-City, near Canal Street and the streetcar line, with grocery stores, shops, and restaurants in the surrounding area.
Key Highlights
- 390‑square‑foot, one‑bedroom apartment
- Second‑floor unit with 11‑foot ceilings and hardwood flooring
- Large closet; shared washer and dryer in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,539
Suggested Prices Based on Cap Rates
Cap Rate 5%
$90,780
$90.8K
Cap Rate 7%
$64,843
$64.8K
Cap Rate 9%
$50,433
$50.4K
Market Conditions
NOI Build-Up for 390 SF
Gross rent
$9.1K $23.28/SF
− Vacancy
−$826 −$2.12/SF
EGI
$8.3K $21.16/SF
− OpEx
−$3.7K −$9.52/SF
NOI
$4.5K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$90,780
Cap Rate 7%
$64,843
Cap Rate 9%
$50,433
Alternative Uses
Best Use
Apartment 5plus
$64.8K
$56.7K – $75.7K
NOI $4,539 @ 7.0% cap · market cap 453.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$102.1K
$89.3K – $119.1K
NOI $7,144 @ 7.0% cap · market cap 714.40%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,967
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - This 390-square-foot residence features hardwood floors, 11-foot ceilings, and shared laundry facilities.
Where is this residential income property located?
The property is located at 117 C N Solomon Street New Orleans, LA.
What are key features of this property?
This property features: 390‑square‑foot, one‑bedroom apartment; Second‑floor unit with 11‑foot ceilings and hardwood flooring; Large closet; shared washer and dryer in the building
