1516 S CARROLLTON Avenue, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
- Added:
- Sep 22, 2025
- Days on Market:
- 263
- Last Refresh:
- Jun 11 at 5:06 pm
Property Features for 1516 S CARROLLTON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 716205203
- Size
- 3,527 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- SQ 194 LOT 5 S CARROLLTON 30 X 130 1516-18 SO CARROLLTON
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Joyce Delery License #995682342 (504) 605-4400
Listing office McEnery Residential, LLC 4901 Magazine Street, New Orleans, LA (504) 605-4400
Listing date Sep 22, 2025
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
- Commercial/residential zoned property in Carrollton Ave area
- Commercial zoning variance at 1516
- 115‑year‑old property
- Rare opportunity
- Prime location in vibrant area
- Opportunity to customize
Overview
Local Financial Insights For Mixed Use
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 | $84.6k | $24.00 |
| − Vacancy | −$8.5k | −$2.40 |
| EGI | $76.2k | $21.60 |
| − OpEx | −$28.6k | −$8.10 |
| NOI | $47.6k | $13.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.127413
- Latitude
- 29.949996