Building Details

Year Built 1922

Buildings 1

Listing Agency: RE/MAX N.O. Properties

Listed By: John Rareshide · License #000015172 Show Phone

Source: Fiorellaavenue

Added: Jun 25 Changed: Oct 14 Last Checked: Oct 7 at 12:56PM

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Investment Insights

Based on property information with market context.

Built in 1922, this apartment building at 1710 S Carrollton Avenue includes 24 residential units arranged as 20 one-bedroom, one-bath apartments and 4 studios. Coin-operated laundry facilities are available on-site, adding a practical shared amenity for residents.

The property sits along the New Orleans streetcar route in the Uptown/University neighborhood. Its location provides streetcar access toward Tulane, Loyola, and Audubon Park, placing the building within a transit-connected residential setting. The combination of established construction, varied unit layouts, and on-site laundry creates a clearly defined multifamily configuration.

Key Highlights

• 24‑unit apartment building built in 1922
• 20 one‑bedroom/one‑bath units and 4 studios
• Coin‑operated laundry facilities on‑site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$175,490

Cap Rate

5.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,509,800 $3.5M

Cap Rate 7%

$2,507,000 $2.5M

Cap Rate 9%

$1,949,889 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,078 SF

Gross rent

$351.0K $23.28/SF

− Vacancy

−$31.9K −$2.12/SF

EGI

$319.1K $21.16/SF

− OpEx

−$143.6K −$9.52/SF

NOI

$175.5K $11.64/SF

Area

New Orleans, LA

Vacancy

9.10%

Lease Rate

$23.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,509,800

Cap Rate 7%

$2,507,000

Cap Rate 9%

$1,949,889

Alternative Uses

Best Use

Apartment 5plus

$2.51M

$2.19M – $2.92M (±1% cap)

NOI $175,490 @ 7.0% cap · market cap 5.86%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.83M

$3.35M – $4.47M (±1% cap)

NOI $268,263 @ 7.0% cap · market cap 8.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Veravora Marketing & Advertising

Suggested Use

Top Pick Dental Office Parking Lot & Garage Nail Salon HVAC Service Electrical Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24

Residential units

Location Intelligence

Trade Area within ½ mile

1,262

Businesses Nearby

Explore this area Business Placement

Demographics for 70118, LA

35,635

Population

15,464

Households

2.3

Avg Household Size

31

Median Age

54%

College-Educated

92%

High-School Grad

4.6 sq mi

ZIP Area

7,747

Density / Sq Mi

$62,665

Median Household Income

$28,199

Median Earnings

$1,257

Median Rent

$451,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment property offering one-bedroom and studio layouts with coin-operated laundry on-site.

Where is this apartment building located?

The property is located at 1710 S Carrollton Ave New Orleans, LA.

What is the asking price?

The asking price for this property is $2,995,000.

What are key features of this property?

This property features: 24‑unit apartment building built in 1922; 20 one‑bedroom/one‑bath units and 4 studios; Coin‑operated laundry facilities on‑site