Craftsman 4-Unit Apartment
For Sale
$620,000
1436 ST MARY, New Orleans, LA 70130
Multifamily, New Orleans, LA
Property Size2,900 SF
Price / SF$213.79
Days on Market43
Property Features for 1436 ST MARY
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3
Standard status
Active
APN
1436-STMARYST
Size
2,900 SF
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
front porch
private patio
deck
fenced yard
Building Details
Year built
1920
Number of units
4
Building materials
Wood Siding
Architectural style
Craftsman
Buildings
1
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Terrence A Davis · License #099563347
(504) 450-9003
Added: Sep 11
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2576732
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,900-square-foot Craftsman apartment property contains four residences on two levels. The ground-floor homes each have two bedrooms, a full bathroom, an eat-in kitchen and a living room. Upstairs, two one-bedroom apartments each include a kitchen, full bathroom and living room. Interior details include hardwood flooring, decorative mantels and high ceilings. Wood siding and window-unit cooling are also noted, with natural gas available.
Outdoor features include a deep front porch, a rear patio and deck, and a fenced yard with mature greenery. Public water and public sewer serve the property. Built in 1920, the building offers a mix of one- and two-bedroom apartment configurations.
Outdoor features include a deep front porch, a rear patio and deck, and a fenced yard with mature greenery. Public water and public sewer serve the property. Built in 1920, the building offers a mix of one- and two-bedroom apartment configurations.
Key Highlights
- Four apartments arranged across two floors
- 2,900 square feet in a 1920‑built Craftsman property
- Two ground‑floor units, each with two bedrooms and an eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,721
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,420
$734.4K
Cap Rate 7%
$524,586
$524.6K
Cap Rate 9%
$408,011
$408.0K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$57.4K $19.80/SF
− Vacancy
−$5.0K −$1.71/SF
EGI
$52.5K $18.09/SF
− OpEx
−$15.7K −$5.43/SF
NOI
$36.7K $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%
$734,420
Cap Rate 7%
$524,586
Cap Rate 9%
$408,011
Alternative Uses
Best Use
Multifamily LT 5
$524.6K
$459.0K – $612.0K
NOI $36,721 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$482.2K
$421.9K – $562.6K
NOI $33,753 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$737.1K
$645.0K – $859.9K
NOI $51,596 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,728
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences include two-bedroom and one-bedroom layouts, with shared outdoor areas at the rear.
Where is this quadplex located?
The property is located at 1436 ST MARY New Orleans, LA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Four apartments arranged across two floors; 2,900 square feet in a 1920‑built Craftsman property; Two ground‑floor units, each with two bedrooms and an eat‑in kitchen
