Brick Multifamily
For Sale
$189,000
4963 65 Camelia St, New Orleans, LA 70126
Updated interiors, laundry hookups, off-street parking, and a private yard support practical occupancy.
Property Size1,314 SF
Price / SF$143.84
Days on Market54
Property Features for 4963 65 Camelia St
General Information
Standard status
Active
Size
1,314 SF
Property subtype
Multi-Family
Amenities
off-street parking
washer and dryer hookups
private yard
Building Details
Year Built
1960
Construction
solid brick
Listing Agency:
WEICHERT, REALTORS - LaBranch & Associates
(504) 333-2169
Listed By:
Kevin Ard · License #995699121
Source:
Dominionplace
Added: Jul 10
Changed: Aug 31
Last Checked: Aug 31 at 7:52PM
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 WEICHERT, REALTORS - LaBranch & Associates
Investment Insights
Based on property information with market context.
This brick multifamily property in New Orleans contains four bedrooms and two bathrooms. Remodeling has been completed, and the property includes washer and dryer hookups, off-street parking, and a private yard. Built in 1960, the asset combines a durable exterior with practical residential features.
The property is currently tenant occupied and located in a quiet area. Showings are available by appointment, with advance coordination required to avoid disrupting occupants. Its address is 4963 65 Camelia St, New Orleans, LA 70126.
The property is currently tenant occupied and located in a quiet area. Showings are available by appointment, with advance coordination required to avoid disrupting occupants. Its address is 4963 65 Camelia St, New Orleans, LA 70126.
Key Highlights
- Four bedrooms and two bathrooms
- Brick multifamily property built in 1960
- Recently updated and remodeled
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
$10,736
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
5.68%
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%
$214,720
$214.7K
Cap Rate 7%
$153,371
$153.4K
Cap Rate 9%
$119,289
$119.3K
Market Conditions
NOI Build-Up for 1,314 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
$16.9K $12.84/SF
− Vacancy
−$1.5K −$1.17/SF
EGI
$15.3K $11.67/SF
− OpEx
−$4.6K −$3.50/SF
NOI
$10.7K $8.17/SF
Area
ZIP 70126
Vacancy
9.10%
Lease Rate
$12.84 /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%
$214,720
Cap Rate 7%
$153,371
Cap Rate 9%
$119,289
Alternative Uses
Best Use
Multifamily LT 5
$153.4K
$134.2K – $178.9K
NOI $10,736 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$147.8K
$129.4K – $172.5K
NOI $10,348 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$344.6K
$301.6K – $402.1K
NOI $24,125 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated interiors, laundry hookups, off-street parking, and a private yard support practical occupancy.
Where is this multifamily property located?
The property is located at 4963 65 Camelia St New Orleans, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Four bedrooms and two bathrooms; Brick multifamily property built in 1960; Recently updated and remodeled
