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Broadmoor Raised Home with Apartment

4423-4425 S JOHNSON Street, New Orleans, LA 70125

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For Sale

$532,000

Raised home with separate apartment and guest suite.

Type:Condo/Townhome

Property size:

3,307 SF

Price / SF:

$160/SF

HighLights

Separate apartment and guest suite/third unit for versatile living options or rental income.
Highlight kitchen with custom cabinetry, quartz countertops, breakfast nook, and stainless steel appliances.
Original architectural details and flexible floor plan.
Spacious balcony overlooking the backyard.
Generously sized bedrooms and plenty of storage space.
Located in the desirable Broadmoor area.

We can help!

Contact an agent

Dan Levy

Learn more

For Sale

$532,000

Raised home with separate apartment and guest suite.

Type:Condo/Townhome

Property size:

3,307 SF

Price / SF:

$160/SF

Added:: Mar 18, 2025
Days on Market:: 478
Last Refresh:: May 19 at 11:10 pm

Property Features for 4423-4425 S JOHNSON Street

General Information

Standard status: Active
Size: 3,307 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 1922

We can help!

Contact an agent

Dan Levy

Listing office LALLA Real Estate, LLC

Listing date Mar 18, 2025

Source Exitrealty

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 LALLA Real Estate, LLC

HighLights

Separate apartment and guest suite/third unit for versatile living options or rental income.
Highlight kitchen with custom cabinetry, quartz countertops, breakfast nook, and stainless steel appliances.
Original architectural details and flexible floor plan.
Spacious balcony overlooking the backyard.
Generously sized bedrooms and plenty of storage space.
Located in the desirable Broadmoor area.

Overview

Located in the Broadmoor area, this raised home includes a separate apartment and a guest suite or third unit. The main residence features original architectural details and a flexible floor plan. The kitchen is equipped with custom cabinetry, quartz countertops, a breakfast nook, and stainless steel appliances. A spacious balcony overlooks the backyard, and a single-car garage is included. A staircase in the main home leads to the lower-level apartment, offering versatile living options. The property includes generously sized bedrooms and storage space throughout. The property size is 3307 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$77.0k	$23.28
− Vacancy	−$7.0k	−$2.12
EGI	$70.0k	$21.16
− OpEx	−$31.5k	−$9.52
NOI	$38.5k	$11.64

3,307 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$549.9K

$481.1K – $641.5K (±1% cap)

NOI $38,490 @ 7.0% cap · market cap 7.23%

Second Best

—

no second resolved use

Theoretical Best

Office A

$840.5K

$735.5K – $980.6K (±1% cap)

NOI $58,837 @ 7.0% cap · market cap 11.06%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.1046746
Latitude: 29.9441514

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For sale
Multifamily properties
LA
New Orleans
70125
4423-4425 S JOHNSON Street

What type of property is this?

Multifamily property - Raised home with separate apartment and guest suite.

Where is this multifamily property located?

The property is located at 4423-4425 S JOHNSON Street New Orleans, LA.

What is the asking price?

The asking price for this property is $532,000.

What are key features of this property?

This property features: Separate apartment and guest suite/third unit for versatile living options or rental income.; Highlight kitchen with custom cabinetry, quartz countertops, breakfast nook, and stainless steel appliances.; Original architectural details and flexible floor plan.