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Well-Maintained Sixplex Investment
For Sale
$464,000

8609 Cohn Street, New Orleans, LA 70118

Fully occupied sixplex with one-bedroom, one-bath units and updated interiors, separate electrical meters, and off-street parking.

Property Size3,710 SF
Price / SF$125.07
Days on Market817

Property Features for 8609 Cohn Street

General Information

Standard status Active
Size 3,710 SF
Property subtype MULTI FAMILY FOR SALE / Townhouse
Occupancy 100%

Additional Details

Multifamily Units 6

Amenities

parking lot
off street parking
separate electrical meters
Window Unit(s)
Other Heat
1
6
Asphalt, Other
2
Slab: Traditional
Brick, Vinyl Siding

Building Details

Year Built 1963
Listing Agency: Satsuma Real Estate LLC
Listed By: Adam Auduong · License #995706130
Source: Compass
Added: Jun 13, 2024 Changed: Aug 8 Last Checked: Jul 23 at 8:28AM

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 Satsuma Real Estate LLC

Investment Insights

Based on property information with market context.

This well-maintained sixplex offers six one-bedroom, one-bath units and is currently fully occupied. Many units have been updated with flooring, paint, appliances, AC units, and windows. The property also includes separate electrical meters for the units.

Off-street parking is available, along with a parking lot, supporting convenient on-site access for residents.

As an investment property, it presents an opportunity to increase rents to market rates, subject to current in-place rents and achievable leasing terms.

Key Highlights

  • Fully occupied 6‑plex with six 1‑bedroom, 1‑bath units
  • Most units updated with flooring, paint, appliances, AC units, and windows
  • Separate electrical meters for the building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Electrical Service Computer & Electronic Repair HVAC Service Parking Lot & Garage Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

901
Businesses Nearby

Demographics for 70118, LA

35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied sixplex with one-bedroom, one-bath units and updated interiors, separate electrical meters, and off-street parking.
Where is this apartment building located?
The property is located at 8609 Cohn Street New Orleans, LA.
What is the asking price?
The asking price for this property is $464,000.
What are key features of this property?
This property features: Fully occupied 6‑plex with six 1‑bedroom, 1‑bath units; Most units updated with flooring, paint, appliances, AC units, and windows; Separate electrical meters for the building
More about this property
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