Fourplex with Private
For Sale
$685,000
1820 TOLEDANO Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size3,926 SF
Price / SF$174.48
Days on Market124
Property Features for 1820 TOLEDANO Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
2
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Directions
From St Charles Ave turn on Toledano toward lake. Property in third block on left side where Toledano splits
Standard status
Active
APN
1820-toledanost
Size
3,926 SF
Taxes and HOA fees
Tax Description
SQ 465 LOT 24
Legal Description
SQ 465 LOT 24
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Amenities
front porch access
private deck space
additional storage space
Building Details
Year built
1963
Number of units
4
Building materials
Wood Siding
Architectural style
Other
Buildings
1
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Joshua K Walther · License #000076446
(504) 717-5612
Added: Jun 24
Changed: Oct 24
Last Checked: Oct 25 at 6:06PM
MLS# 2564138
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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Investment Insights
Based on property information with market context.
This four-unit residential property at 1820 Toledano Street contains 3,926 square feet and was built in 1963. The upper apartments have central HVAC and private deck access; the lower apartments have window units and access to a front porch. Appliances convey, and additional storage is included. Public water and sewer serve the property, with natural gas available.
St. Charles Avenue and its streetcar line are three blocks away, while Louisiana Avenue and RTA bus routes are one block away. Nearby destinations include Touro Hospital, Fresh Market, and the restaurants, shops, and cafes along Magazine Street.
St. Charles Avenue and its streetcar line are three blocks away, while Louisiana Avenue and RTA bus routes are one block away. Nearby destinations include Touro Hospital, Fresh Market, and the restaurants, shops, and cafes along Magazine Street.
Key Highlights
- Four‑unit property with 3,926 square feet; built in 1963
- Upper apartments have central HVAC and private decks; lower apartments have window units and front porch access
- Appliances convey; additional storage space is available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,745
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,900
$674.9K
Cap Rate 7%
$482,071
$482.1K
Cap Rate 9%
$374,944
$374.9K
Market Conditions
NOI Build-Up for 3,926 SF
Gross rent
$52.8K $13.44/SF
− Vacancy
−$4.6K −$1.16/SF
EGI
$48.2K $12.28/SF
− OpEx
−$14.5K −$3.68/SF
NOI
$33.7K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,900
Cap Rate 7%
$482,071
Cap Rate 9%
$374,944
Alternative Uses
Best Use
Multifamily LT 5
$482.1K
$421.8K – $562.4K
NOI $33,745 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$427.3K
$373.9K – $498.6K
NOI $29,913 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.04M
$906.3K – $1.21M
NOI $72,505 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,751
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Upper residences have central HVAC, while lower homes use window units and open onto a front porch.
Where is this quadplex located?
The property is located at 1820 TOLEDANO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Four‑unit property with 3,926 square feet; built in 1963; Upper apartments have central HVAC and private decks; lower apartments have window units and front porch access; Appliances convey; additional storage space is available
