Three-Bedroom Fourplex
2625 ROBERT Street New Orleans, LA 70115
For Sale
$570,000
As-is fourplex features four three-bedroom, two-bath units with recently applied Healthy Home applications.
Property Size3,540 SF
Price / SF$161.02
Days on Market513
Property Features for 2625 ROBERT Street
General Information
- Standard status
- Active
- Size
- 3,540 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing Agency:
Beau Box Commercial Real Estate, L.L.C.
(225) 931-9222
Listed By:
William Edmonds · License #912123059
(225) 931-9222
Source:
Exitrealty
Added: Feb 26, 2025
Changed: Jul 20
Last Checked: Jul 23 at 8:07AM
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 Beau Box Commercial Real Estate, L.L.C.
Investment Insights
Based on property information with market context.
This bank-owned fourplex is being sold as-is, where-is and totals 4,322 square feet. The property offers four units with three-bedroom, two-bathroom layouts. Two units are reported at 1,087 square feet and the other two are reported at 1,074 square feet. The units are described as being in good shape, and a new property management company has been assigned with the ability to transfer services to a new owner. Healthy Home applications have also been applied for.
The property is located in an AE Flood Zone, and showings require minimal 24-hour notice. Occupied-unit tours require an offer and a pre-approval letter submitted with the showing request.
All measurements and information are deemed reliable but not guaranteed, and buyers are advised to verify details during due diligence.
The property is located in an AE Flood Zone, and showings require minimal 24-hour notice. Occupied-unit tours require an offer and a pre-approval letter submitted with the showing request.
All measurements and information are deemed reliable but not guaranteed, and buyers are advised to verify details during due diligence.
Key Highlights
- Fourplex built in 1940 with 4,322 SF total building size
- All units are 3‑bedroom, 2‑bath layouts
- Unit sizes: two units at 1,087 SF and two units at 1,074 SF
Financial Insights For Multifamily LT 5
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 | $47.6k | $13.44 |
| − Vacancy | −$4.1k | −$1.16 |
| EGI | $43.5k | $12.28 |
| − OpEx | −$13.0k | −$3.68 |
| NOI | $30.4k | $8.60 |
3,540 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.7K
$380.3K – $507.1K
NOI $30,427 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$385.3K
$337.2K – $449.5K
NOI $26,972 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$934.0K
$817.2K – $1.09M
NOI $65,377 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - As-is fourplex features four three-bedroom, two-bath units with recently applied Healthy Home applications.
Where is this quadplex located?
The property is located at 2625 ROBERT Street New Orleans, LA.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Fourplex built in 1940 with 4,322 SF total building size; All units are 3‑bedroom, 2‑bath layouts; Unit sizes: two units at 1,087 SF and two units at 1,074 SF
