4-Unit Shotgun Apartment
For Sale
$650,000
1434-36 N DERBIGNY Street, New Orleans, LA 70116
Multifamily, New Orleans, LA
Property Size3,416 SF
Price / SF$190.28
Days on Market131
Property Features for 1434-36 N DERBIGNY Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
Parking features
Off Street
Patio and Porch features
Porch
Standard status
Active
APN
37W108710
Size
3,416 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SQ 760 LOT 2 PT 6 33 X 71 1434-36 N DERBIGNY ST 2/STORY DOUBLE 9/RMS EACH SIDE C/R
Legal Description
SQ 760 LOT 2 PT 6 33 X 71 1434-36 N DERBIGNY ST 2/STORY DOUBLE 9/RMS EACH SIDE C/R
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Number of units
4
Building materials
HardiPlank Type, Wood Siding
Architectural style
Shotgun
Listing Agency:
Berkshire Hathaway HS - Garden District/Uptown · Berkshire Hathaway HomeServices
(504) 799-1702
Listed By:
Thomas Church McIntyre - Day · License #995715147
(504) 906-9449
Added: Jun 15
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2563079
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit apartment property contains 3,416 square feet and was renovated in 2016. Its shotgun design features high ceilings, original hardwood floors, updated lighting, and retained architectural details. Central heating and central air conditioning serve the building, which also has a porch and off-street parking.
Public water and sewer are available, along with natural gas. The property is fully occupied and located in New Orleans.
Public water and sewer are available, along with natural gas. The property is fully occupied and located in New Orleans.
Key Highlights
- Four‑unit property with 3,416 square feet
- Renovated in 2016; fully occupied
- Shotgun architectural style with original hardwood floors and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,255
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,100
$865.1K
Cap Rate 7%
$617,929
$617.9K
Cap Rate 9%
$480,611
$480.6K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$67.6K $19.80/SF
− Vacancy
−$5.8K −$1.71/SF
EGI
$61.8K $18.09/SF
− OpEx
−$18.5K −$5.43/SF
NOI
$43.3K $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%
$865,100
Cap Rate 7%
$617,929
Cap Rate 9%
$480,611
Alternative Uses
Best Use
Multifamily LT 5
$617.9K
$540.7K – $720.9K
NOI $43,255 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$568.0K
$497.0K – $662.6K
NOI $39,758 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$868.2K
$759.7K – $1.01M
NOI $60,776 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated in 2016, the occupied property combines period character with central heating and air conditioning.
Where is this quadplex located?
The property is located at 1434-36 N DERBIGNY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit property with 3,416 square feet; Renovated in 2016; fully occupied; Shotgun architectural style with original hardwood floors and high ceilings
