1356 FLANDERS Street, New Orleans, LA 70114
MULTI_FAMILY - New Orleans, LA
- Added:
- Apr 6, 2026
- Days on Market:
- 68
- Last Refresh:
- Jun 12 at 2:06 am
Property Features for 1356 FLANDERS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Parking features
- Off Street, Driveway
- Security features
- Security
- Exterior features
- Fence, Security Cameras
- Fencing
- Fenced
- Standard status
- Active
- APN
- 513709440
- Size
- 6,100 SF
Taxes and HOA fees
- Tax Description
- 1. RIVER VIEW PK SUB DIV SQ 1 2. LOT 1 3. 73/114 X 101/92
Utilities
- Heating system
- Ductless (Heating), Other (Heating)
- Cooling system
- Ductless, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1967
- Floors in Building
- 2
- Number of units
- 12
- Roof type
- Shingle
Listing agent Lauren Lawson License #995704895 (337) 522-7554
Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA (337) 522-7554
Listing date Apr 6, 2026
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 12‑unit multifamily property built in 1967
- Currently generates $9,100/month (rent roll available upon request)
- X Flood Zone
- Public water; shingle roof
- Updated ductless heating and wall unit AC
- Security camera system; fenced with driveway and off‑street parking
Overview
Located at 1356 Flanders Street in New Orleans, Louisiana 70114, the property is designated as being in an X Flood Zone. Full details on the current operating setup, including income specifics, are available via request through a rent roll.
For investors or operators seeking a straightforward apartment building with multiple recently addressed components, this asset offers a practical starting point. The combination of roof and mechanical updates, along with unit-level replacements in select apartments, may help reduce near-term capital concerns while keeping the focus on managing occupied units. Interested parties should review the rent roll and current unit conditions to confirm fit and underwriting assumptions.
Local Financial Insights For Apartment 5plus
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 | $142.0k | $23.28 |
| − Vacancy | −$12.9k | −$2.12 |
| EGI | $129.1k | $21.16 |
| − OpEx | −$58.1k | −$9.52 |
| NOI | $71.0k | $11.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.020011
- Latitude
- 29.940322
