Four-Unit
1327 Frenchmen Street, New Orleans, LA 70116
For Sale
$999,000
Four apartments feature hardwood floors, stainless steel appliances, and private yards.
Property Size4,900 SF
Price / SF$203.88
Days on Market133
Property Features for 1327 Frenchmen Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Cap Rate
Multifamily Units
Amenities
hardwood floors
stainless steel appliances
sleek countertops
soaring ceilings
private yard
Building Details
Building Size
Year Built
Units
Listing Agency:
Crescent Sotheby's International
(504) 944-3605
Listed By:
David A Oestreicher
(504) 638-5339
Source:
Donaldjulienrealestate
Added: Jun 30
Changed: Nov 7
Last Checked: Nov 8 at 5:49PM
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 Crescent Sotheby's International
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Investment Insights
Based on property information with market context.
Built in 2019, this 4,900-square-foot quadplex contains four apartments. Interior features include hardwood flooring, stainless steel appliances, sleek countertops, and high ceilings. Each apartment has a private yard, and bedrooms include onsite bathrooms.
The property is at 1327 Frenchmen Street in New Orleans, with access to the Marigny and French Quarter.
The property is at 1327 Frenchmen Street in New Orleans, with access to the Marigny and French Quarter.
Key Highlights
- Four apartments in a 4,900‑square‑foot property
- Built in 2019
- Hardwood floors, stainless steel appliances, sleek countertops, and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,046
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,920
$1.2M
Cap Rate 7%
$886,371
$886.4K
Cap Rate 9%
$689,400
$689.4K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$97.0K $19.80/SF
− Vacancy
−$8.4K −$1.71/SF
EGI
$88.6K $18.09/SF
− OpEx
−$26.6K −$5.43/SF
NOI
$62.0K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,920
Cap Rate 7%
$886,371
Cap Rate 9%
$689,400
Alternative Uses
Best Use
Multifamily LT 5
$886.4K
$775.6K – $1.03M
NOI $62,046 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$814.7K
$712.9K – $950.5K
NOI $57,030 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,179 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,995
Businesses Nearby
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Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in New Orleans, LA
Properties on Market for Quadplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments feature hardwood floors, stainless steel appliances, and private yards.
Where is this quadplex located?
The property is located at 1327 Frenchmen Street New Orleans, LA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four apartments in a 4,900‑square‑foot property; Built in 2019; Hardwood floors, stainless steel appliances, sleek countertops, and high ceilings
