Historic Licensed Short-Term
For Sale
$1,495,000
842 CAMP STREET, New Orleans, LA 70130
Commercially licensed lodging asset in a historic Italianate townhouse with established management practices.
Property Size4,540 SF
Price / SF$329.30
Days on Market520
Property Features for 842 CAMP STREET
General Information
Standard status
Active
Size
4,540 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
CBD-5
Additional Details
Multifamily Units
1
Amenities
Power
Water
Sewer
2 Parking Spaces
Building Details
Year Built
1845
Buildings
1
Construction
Italianate
Listing Agency:
Keller Williams Realty New Orleans
(504) 236-0222
Listed By:
Jeffrey Doussan · License #995690135,LOUISIANA
(504) 236-0222
Source:
Lacdb.resimplifi
Added: Mar 31, 2025
Changed: Aug 30
Last Checked: Aug 31 at 12:36PM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
Built in 1845, this 4,540-square-foot Italianate townhouse is configured as a licensed commercial short-term rental with five bedrooms and four-and-a-half bathrooms. The historic residence combines a distinctive architectural identity with an established operating framework that includes management practices and dynamic rate pricing.
The property is located at 842 Camp Street in New Orleans, Louisiana, within the CBD-5 zoning district. Its setting places the townhouse near restaurants, museums, and other visitor destinations identified in the property information. The combination of historic construction, licensed short-term rental use, and an existing operating structure provides a clearly defined lodging asset.
The property is located at 842 Camp Street in New Orleans, Louisiana, within the CBD-5 zoning district. Its setting places the townhouse near restaurants, museums, and other visitor destinations identified in the property information. The combination of historic construction, licensed short-term rental use, and an existing operating structure provides a clearly defined lodging asset.
Key Highlights
- Licensed commercial short‑term rental
- 4,540 square feet with 5 bedrooms and 4.5 bathrooms
- Historic Italianate townhouse built in 1845
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
$52,840
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
3.53%
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%
$1,056,800
$1.1M
Cap Rate 7%
$754,857
$754.9K
Cap Rate 9%
$587,111
$587.1K
Market Conditions
NOI Build-Up for 4,540 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
$105.7K $23.28/SF
− Vacancy
−$9.6K −$2.12/SF
EGI
$96.1K $21.16/SF
− OpEx
−$43.2K −$9.52/SF
NOI
$52.8K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$1,056,800
Cap Rate 7%
$754,857
Cap Rate 9%
$587,111
Alternative Uses
Best Use
Apartment 5plus
$754.9K
$660.5K – $880.7K
NOI $52,840 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,774 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
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?
Short term rental property - Commercially licensed lodging asset in a historic Italianate townhouse with established management practices.
Where is this short term rental property located?
The property is located at 842 CAMP STREET New Orleans, LA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Licensed commercial short‑term rental; 4,540 square feet with 5 bedrooms and 4.5 bathrooms; Historic Italianate townhouse built in 1845
