Historic Quadplex with Separate
2600-2612 Constance Street New Orleans, LA 70130
For Sale
$1,275,000
Four historic homes offer 2BR/1BA units with 12-foot ceilings and separate water meters for each unit.
Property Size5,520 SF
Price / SF$230.98
Days on Market485
Property Features for 2600-2612 Constance Street
General Information
- Standard status
- Active
- Size
- 5,520 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1913
Listing Agency:
Congress Realty
(888) 229-2009
Listed By:
Jared A English · License #B.1001537
(888) 229-2009
Source:
Compass
Added: Mar 27, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:25PM
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 Congress Realty
Investment Insights
Based on property information with market context.
The property is a quadplex consisting of four historic homes. The configuration includes one single unit and three double units. Each unit features 2 bedrooms, 1 bath, and 12-foot ceilings, along with original heart-of-pine flooring. Updated kitchens include exposed brick and granite countertops. Separate water meters are provided for each unit. Each unit is furnished with a stove/oven, microwave, refrigerator, and washer/dryer.
The buildings are located in New Orleans on Constance Street, described as one block off Magazine Street in the Irish Channel, within walking distance to coffee shops, restaurants, bars, shopping, and art galleries.
From a tenant-ready standpoint, the uniform unit amenities and in-unit appliances are supported by the separate metering for each unit.
The buildings are located in New Orleans on Constance Street, described as one block off Magazine Street in the Irish Channel, within walking distance to coffee shops, restaurants, bars, shopping, and art galleries.
From a tenant-ready standpoint, the uniform unit amenities and in-unit appliances are supported by the separate metering for each unit.
Key Highlights
- Four historic 1‑story homes/units, built in 1913, with 2BR/1BA floorplans
- 12‑foot ceilings and original heart‑of‑pine flooring in each unit
- Updated kitchens with exposed brick and granite countertops
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 | $109.3k | $19.80 |
| − Vacancy | −$9.4k | −$1.71 |
| EGI | $99.9k | $18.09 |
| − OpEx | −$30.0k | −$5.43 |
| NOI | $69.9k | $12.66 |
5,520 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$998.5K
$873.7K – $1.16M
NOI $69,897 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$917.8K
$803.1K – $1.07M
NOI $64,246 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,210 @ 7.0% cap · market cap 7.70%
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 - Four historic homes offer 2BR/1BA units with 12-foot ceilings and separate water meters for each unit.
Where is this quadplex located?
The property is located at 2600-2612 Constance Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Four historic 1‑story homes/units, built in 1913, with 2BR/1BA floorplans; 12‑foot ceilings and original heart‑of‑pine flooring in each unit; Updated kitchens with exposed brick and granite countertops
