Mixed-Use Triplex with
For Sale
$899,000
1216-18 SAINT CHARLES Avenue, New Orleans, LA 70130
Other - New Orleans, LA
Property Size3,557 SF
Lot Size0.08 Acres
Price / SF$252.74
Days on Market48
Property Features for 1216-18 SAINT CHARLES Avenue
General Information
Property type
Other
Property subtype
Mixed Use
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
None
Standard status
Active
APN
102104710
Size
3,557 SF
Lot size
0.08 Acres
Utilities
Heating system
Central
Cooling system
Central Air, Multi Units, Window Unit(s)
Building Details
Year built
1942
Building materials
Other
Roof type
Shingle
Architectural style
Other
Listing Agency:
Engel & Völkers New Orleans
(504) 234-5000
Listed By:
Adele Hunt
(504) 782-2269
Added: Jun 26
Changed: Jul 15
Last Checked: Aug 12 at 3:06AM
MLS# 2540213
Copyright © 2026 Engel & Völkers. 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 triplex-style property includes a leased commercial space on the street level and three residential units above, totaling approximately 3,557 square feet. Outdoor space is a standout feature, with a landscaped private courtyard and a rooftop terrace accessible from one of the residential units.
Located right on St. Charles Avenue in New Orleans (70130), the building is described as offering front-row views of Mardi Gras parades and convenient access to downtown and nearby interstates. The combination of street-level income and residential units creates a flexible setup for a range of ownership goals.
Located right on St. Charles Avenue in New Orleans (70130), the building is described as offering front-row views of Mardi Gras parades and convenient access to downtown and nearby interstates. The combination of street-level income and residential units creates a flexible setup for a range of ownership goals.
Key Highlights
- Mixed‑use property on St. Charles Avenue with a leased street‑level commercial space and three residential units
- Landscaped private courtyard plus a rooftop terrace accessible from one of the residential units
- Central heating; central air and multi‑unit cooling plus window unit(s)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,040
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$900,800
$900.8K
Cap Rate 7%
$643,429
$643.4K
Cap Rate 9%
$500,444
$500.4K
Market Conditions
NOI Build-Up for 3,557 SF
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.
Gross rent
$70.4K $19.80/SF
− Vacancy
−$6.1K −$1.71/SF
EGI
$64.3K $18.09/SF
− OpEx
−$19.3K −$5.43/SF
NOI
$45.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$900,800
Cap Rate 7%
$643,429
Cap Rate 9%
$500,444
Alternative Uses
Best Use
Multifamily LT 5
$643.4K
$563.0K – $750.7K
NOI $45,040 @ 7.0% cap · market cap 5.01%
Second Best
Retail
$627.5K
$549.0K – $732.0K
NOI $43,922 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$904.1K
$791.1K – $1.05M
NOI $63,285 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,715
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Street-level leased retail space with three residential units, plus private courtyard and rooftop terrace.
Where is this triplex located?
The property is located at 1216-18 SAINT CHARLES Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Mixed‑use property on St. Charles Avenue with a leased street‑level commercial space and three residential units; Landscaped private courtyard plus a rooftop terrace accessible from one of the residential units; Central heating; central air and multi‑unit cooling plus window unit(s)
