Fourplex Income
1820 TOLEDANO Street New Orleans, LA 70115
1820 TOLEDANO Street, New Orleans, LA, 70115
$685,000
For Sale
$685,000
MULTI_FAMILY - New Orleans, LA
Property Size3,926 SF
Price / SF$174.48
Days on Market23
Property Features for 1820 TOLEDANO Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Balcony, Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 1820-toledanost
- Size
- 3,926 SF
Taxes and HOA fees
- Tax Description
- SQ 465 LOT 24
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Witry Collective, L.L.C.
(504) 291-2022
3640 Magazine St, New Orleans, LA
Listed by
Joshua Walther · License #000076446
(504) 453-2277
Added: Jun 24 Checked: Jul 16 at 3:06 pm
MLS# 2564138
Listing URL
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 fourplex offers a mix of unit configurations, with the two upper units served by central HVAC systems and the two lower units equipped with window units. Lower-level residents have front-porch access, while the upper units include private deck space. Additional storage is also provided, and all appliances convey with the sale.
Located in Uptown New Orleans at 1820 Toledano Street, the property is described as being about three blocks from St. Charles Avenue and the streetcar line, and about one block from Louisiana Avenue with multiple RTA bus routes nearby. The offering is also positioned near the Mardi Gras parade route and within reach of Fresh Market, Touro Hospital, and the dining and retail options along Magazine Street.
All units are presented as part of a turnkey investment or owner-occupant setup, depending on the buyer’s preference.
Located in Uptown New Orleans at 1820 Toledano Street, the property is described as being about three blocks from St. Charles Avenue and the streetcar line, and about one block from Louisiana Avenue with multiple RTA bus routes nearby. The offering is also positioned near the Mardi Gras parade route and within reach of Fresh Market, Touro Hospital, and the dining and retail options along Magazine Street.
All units are presented as part of a turnkey investment or owner-occupant setup, depending on the buyer’s preference.
Key Highlights
- Uptown New Orleans 4‑plex built in 1963 with public water and a shingle roof
- Two upper units have central HVAC; two lower units use window unit cooling
- Lower units include front porch access; upper units offer private deck space
Local Financial Insights For Multifamily LT 5
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 | $52.8k | $13.44 |
| − Vacancy | −$4.6k | −$1.16 |
| EGI | $48.2k | $12.28 |
| − OpEx | −$14.5k | −$3.68 |
| NOI | $33.7k | $8.60 |
3,926 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Two upper units with central HVAC and two lower units with window units, plus porches, decks, and conveyed appliances.
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: Uptown New Orleans 4‑plex built in 1963 with public water and a shingle roof; Two upper units have central HVAC; two lower units use window unit cooling; Lower units include front porch access; upper units offer private deck space
