Two-Building
1213 N JOHNSON Street, New Orleans, LA 70116
For Sale
$460,000
The unit mix pairs two shotgun apartments with two efficiencies, with interior laundry in the front units.
Property Size2,814 SF
Days on Market193
Property Features for 1213 N JOHNSON Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass Slidell
Listed By:
Wendy Tynes · License LA #000004628
(985) 641-1000
Source:
Ewbank.kw
Added: May 1
Changed: Nov 9
Last Checked: Nov 8 at 2:29AM
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 Compass Slidell
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Investment Insights
Based on property information with market context.
The four-unit property comprises two buildings. The front structure contains two shotgun units, each measuring 1,038 square feet and fitted with an interior laundry room. Two 369-square-foot efficiency units occupy the rear building. A new roof was installed in 2025, and the grounds include backyard green space. Side or rear off-street parking may be possible.
In Tremé, the property is described as minutes from the French Quarter, downtown and Esplanade Avenue, and near Old Road Coffee. It also offers access to New Orleans parade routes. Wind mitigation work has been completed.
In Tremé, the property is described as minutes from the French Quarter, downtown and Esplanade Avenue, and near Old Road Coffee. It also offers access to New Orleans parade routes. Wind mitigation work has been completed.
Key Highlights
- Four units across two separate buildings
- Front building has two 1,038‑square‑foot shotgun units, each with interior laundry
- Rear building contains two 369‑square‑foot efficiency units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,632
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,640
$712.6K
Cap Rate 7%
$509,029
$509.0K
Cap Rate 9%
$395,911
$395.9K
Market Conditions
NOI Build-Up for 2,814 SF
Gross rent
$55.7K $19.80/SF
− Vacancy
−$4.8K −$1.71/SF
EGI
$50.9K $18.09/SF
− OpEx
−$15.3K −$5.43/SF
NOI
$35.6K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,640
Cap Rate 7%
$509,029
Cap Rate 9%
$395,911
Alternative Uses
Best Use
Multifamily LT 5
$509.0K
$445.4K – $593.9K
NOI $35,632 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$467.9K
$409.4K – $545.9K
NOI $32,752 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$715.2K
$625.8K – $834.4K
NOI $50,066 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in New Orleans, LA
Properties on Market for Quadplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix pairs two shotgun apartments with two efficiencies, with interior laundry in the front units.
Where is this quadplex located?
The property is located at 1213 N JOHNSON Street New Orleans, LA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four units across two separate buildings; Front building has two 1,038‑square‑foot shotgun units, each with interior laundry; Rear building contains two 369‑square‑foot efficiency units
