Four-Unit University-Area
For Sale
$1,300,000
5830 S Robertson St, New Orleans, LA 70115
The building combines two- and four-bedroom layouts within a four-unit residential configuration.
Property Size5,698 SF
Price / SF$228.15
Days on Market814
Property Features for 5830 S Robertson St
General Information
Standard status
Active
Size
5,698 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
HU-RD1
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 4BR/2BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
Power
Water
Sewer
6 Parking Spaces
Building Details
Year Built
1920
Listing Agency:
French Quarter Realty
(504) 949-5400
Listed By:
Amber Neill · License #0995698306
(504) 949-5400
Source:
Lacdb.resimplifi
Added: Jun 8, 2024
Changed: Aug 28
Last Checked: Aug 29 at 5:59AM
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 French Quarter Realty
Investment Insights
Based on property information with market context.
This 5,698-square-foot quadplex at 5830 S Robertson St in New Orleans contains four residential units with a mix of larger and smaller floor plans. The unit mix includes two four-bedroom residences and two two-bedroom residences, with bath counts ranging from one to 2.5 baths. Constructed in 1920, the property is zoned HU-RD1.
The asset is positioned in the university area, with Tulane and Loyola campuses identified as nearby destinations. Public transportation, shops, and restaurants are also noted in the surrounding context, supporting access to everyday services and campus-related activity. The four-unit configuration provides a straightforward residential income property format with varied unit layouts.
The asset is positioned in the university area, with Tulane and Loyola campuses identified as nearby destinations. Public transportation, shops, and restaurants are also noted in the surrounding context, supporting access to everyday services and campus-related activity. The four-unit configuration provides a straightforward residential income property format with varied unit layouts.
Key Highlights
- Four‑unit quadplex with two four‑bedroom and two two‑bedroom residences
- 5,698‑square‑foot property at 5830 S Robertson St, New Orleans, LA 70115
- Unit layouts include 4 Bed/2.5 Bath, 4 Bed/2 Bath, and two 2 Bed/1 Bath units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$979,500
$979.5K
Cap Rate 7%
$699,643
$699.6K
Cap Rate 9%
$544,167
$544.2K
Market Conditions
NOI Build-Up for 5,698 SF
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.
Gross rent
$76.6K $13.44/SF
− Vacancy
−$6.6K −$1.16/SF
EGI
$70.0K $12.28/SF
− OpEx
−$21.0K −$3.68/SF
NOI
$49.0K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$979,500
Cap Rate 7%
$699,643
Cap Rate 9%
$544,167
Alternative Uses
Best Use
Multifamily LT 5
$699.6K
$612.2K – $816.3K
NOI $48,975 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$620.2K
$542.7K – $723.6K
NOI $43,414 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,231 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The building combines two- and four-bedroom layouts within a four-unit residential configuration.
Where is this quadplex located?
The property is located at 5830 S Robertson St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit quadplex with two four‑bedroom and two two‑bedroom residences; 5,698‑square‑foot property at 5830 S Robertson St, New Orleans, LA 70115; Unit layouts include 4 Bed/2.5 Bath, 4 Bed/2 Bath, and two 2 Bed/1 Bath units
