Arts-and-Crafts Quadplex with
New
For Sale
$620,000
1436 ST MARY, New Orleans, LA 70130
Multi-Family, Arts and Crafts, New Orleans, LA
Property Size2,900 SF
Price / SF$213.79
Days on Market5
Property Features for 1436 ST MARY
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Regular
Standard status
Active
APN
1436-STMARYST
Size
2,900 SF
Utilities
Cooling system
Window Unit(s)
Water source
Public
Amenities
front porch
private patio
deck
fenced yard
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Terrence Davis · License #99563347
(504) 450-9003
Added: Sep 11
Last Checked: Sep 15 at 12:06AM
MLS# 2576732
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.
Investment Insights
Based on property information with market context.
This 2,900-square-foot quadplex was built in 1920 and contains four units arranged over two floors. The first level includes two apartments with eat-in kitchens, full baths, two bedrooms, and living rooms. Upstairs, two additional units each provide one bedroom, a kitchen, a full bath, and a living room. Original hardwood floors, decorative mantels, high ceilings, French doors, and detailed millwork contribute to the property's Arts and Crafts character.
A deep gabled front porch defines the entry, while the rear includes a private patio, deck, and fenced yard with mature greenery. Window unit cooling, public water, and a shingle roof are also present. The property is located in New Orleans, Louisiana, within ZIP code 70130, at 1436 ST MARY.
A deep gabled front porch defines the entry, while the rear includes a private patio, deck, and fenced yard with mature greenery. Window unit cooling, public water, and a shingle roof are also present. The property is located in New Orleans, Louisiana, within ZIP code 70130, at 1436 ST MARY.
Key Highlights
- Four‑unit residential property across two floors
- 2,900 square feet; built in 1920
- Unit mix includes two two‑bedroom apartments and two one‑bedroom apartments
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
$36,721
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
5.92%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story fourplex with original architectural details, outdoor tenant space, and a two-bedroom/two one-bedroom unit mix.
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‑unit residential property across two floors; 2,900 square feet; built in 1920; Unit mix includes two two‑bedroom apartments and two one‑bedroom apartments
