Renovated Four-Unit
For Sale
$550,000
1725 Nunez Street, New Orleans, LA 70114
Updated interiors feature granite countertops, central HVAC, appliances, and in-unit laundry.
Property Size3,360 SF
Price / SF$163.69
Days on Market252
Property Features for 1725 Nunez Street
General Information
Standard status
Active
Size
3,360 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
Central Air
Central
1
4
10
In Apartment
Asphalt
2
Slab: Traditional
Block, Frame, Wood Siding
Porch
Building Details
Year Built
1954
Listing Agency:
Ginnie Green Realty & Associates, LLC
(504) 913-8388
Listed By:
Ginnie Green · License #000038232
(504) 913-8388
Source:
Compass
Added: Dec 22, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ginnie Green Realty & Associates, LLC
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,360 square feet and was renovated in 2021. The configuration includes 10 bedrooms and 4 bathrooms, with two upper units offering two bedrooms and one bathroom each, while the lower units provide three bedrooms and one bathroom each. Interior improvements include granite countertops, laminate flooring, central air and heat, stoves, refrigerators, and washer/dryer appliances.
Built in 1954, the property is located at 1725 Nunez Street in New Orleans’ Algiers area. The site is on a parade route, offers a view of the city, and is described as minutes from the French Quarter. Exterior features include a porch, asphalt surfaces, traditional slab construction, and block, frame, and wood siding.
Built in 1954, the property is located at 1725 Nunez Street in New Orleans’ Algiers area. The site is on a parade route, offers a view of the city, and is described as minutes from the French Quarter. Exterior features include a porch, asphalt surfaces, traditional slab construction, and block, frame, and wood siding.
Key Highlights
- Four‑unit property with 10 bedrooms and 4 bathrooms
- 3,360 square feet renovated in 2021
- Upper units feature 2 bedrooms and 1 bathroom each
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
$42,546
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
7.74%
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%
$850,920
$850.9K
Cap Rate 7%
$607,800
$607.8K
Cap Rate 9%
$472,733
$472.7K
Market Conditions
NOI Build-Up for 3,360 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
$66.5K $19.80/SF
− Vacancy
−$5.7K −$1.71/SF
EGI
$60.8K $18.09/SF
− OpEx
−$18.2K −$5.43/SF
NOI
$42.5K $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%
$850,920
Cap Rate 7%
$607,800
Cap Rate 9%
$472,733
Alternative Uses
Best Use
Multifamily LT 5
$607.8K
$531.8K – $709.1K
NOI $42,546 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$558.7K
$488.8K – $651.8K
NOI $39,106 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$854.0K
$747.3K – $996.3K
NOI $59,780 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
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 - Updated interiors feature granite countertops, central HVAC, appliances, and in-unit laundry.
Where is this quadplex located?
The property is located at 1725 Nunez Street New Orleans, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit property with 10 bedrooms and 4 bathrooms; 3,360 square feet renovated in 2021; Upper units feature 2 bedrooms and 1 bathroom each
