Historical Building with Modern
920 POEYFARRE Street 102 New Orleans, LA 70130
920 POEYFARRE Street 102, New Orleans, LA, 70130
$580,000
For Sale
$580,000
Historical building with modern amenities, pool, gym, and rooftop.
Property Size1,795 SF
Lot Size0.01 Acres
Price / SF$323.12
Days on Market687
Property Features for 920 POEYFARRE Street 102
General Information
- Standard status
- Active
- Size
- 1,795 SF
- Lot size
- 0.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1882
Listing Agency
Audubon Realty, LLC
(504) 616-6208
Listed by
David Reso · License #000014419
(504) 616-6208
Source
Exitrealty
Added: Aug 31, 2024 Checked: Jul 17 at 4:46 am
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 Audubon Realty, LLC
Investment Insights
Based on property information with market context.
This historical building offers features dating back to the 1800s, combined with modern conveniences. Located on the first floor, the unit includes a patio accessible from the living area. The property boasts soaring ceilings, exposed beams, an open living area, a split floor plan, and private bathrooms. Residents can enjoy park-like grounds with a swimming pool area, a centrally located clubhouse for special events, an on-site gym, and a private library for business meetings. The rooftop offers views of the surrounding area. The property is located within walking distance of numerous restaurants and entertainment venues, offering an immersive New Orleans experience. The unit size is 1795 square feet.
Key Highlights
- Historical building with features from the 1800s.
- Walking distance to restaurants and entertainment.
- Enjoy the swimming pool and park‑like grounds.
Local Financial Insights For Apartment 5plus
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 | $41.8k | $23.28 |
| − Vacancy | −$3.8k | −$2.12 |
| EGI | $38.0k | $21.16 |
| − OpEx | −$17.1k | −$9.52 |
| NOI | $20.9k | $11.64 |
1,795 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$298.5K
$261.2K – $348.2K
NOI $20,892 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.2K
$399.2K – $532.3K
NOI $31,936 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Cotton Mill
Apartment Building
Gulf South Real ...
Home Inspector
Global South Logistics
Logistics Company
Sol de Terrace
Medical Clinic
Schonlau Elisabeth W ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Historical building with modern amenities, pool, gym, and rooftop.
Where is this residential income property located?
The property is located at 920 POEYFARRE Street 102 New Orleans, LA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Historical building with features from the 1800s.; Walking distance to restaurants and entertainment.; Enjoy the swimming pool and park‑like grounds.
