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Renovated Multifamily Property in New Orleans

1905 FRANCE Street, New Orleans, LA 70117

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For Sale

$650,000

MULTI_FAMILY - New Orleans, LA

Type:Apartment

Property size:

3,100 SF

Price / SF:

$209/SF

HighLights

High Cash on Cash Return: Experience 9.97% profitability.
Recently Renovated: Complete renovation in 2022 including electrical, plumbing, roofing, siding, and interiors.
Fully Leased: Turn‑key asset providing immediate rental income.
Low Maintenance: Designed for durability, efficiency, and ease of ownership with updated systems.
Individual Utilities: Each unit has its own water and electric meter.
Assigned Parking: Each unit includes an assigned off‑street parking space.

We can help!

Listing Contact

Blaine Tatje

For Sale

$650,000

MULTI_FAMILY - New Orleans, LA

Type:Apartment

Property size:

3,100 SF

Price / SF:

$209/SF

Added:: Jan 30, 2026
Days on Market:: 133
Last Refresh:: Jun 12 at 2:06 am

Property Features for 1905 FRANCE Street

General Information

Property type: Residential Multi Family
Property subtype: Apartment
Parking features: Assigned, Off Street
Exterior features: Fence
Fencing: Fenced
Standard status: Active
APN: 701171905FRANCESTC
Size: 3,100 SF

Taxes and HOA fees

Tax Description: QS 941 OR 940 LOT C-1 56.86X109 1905 FRANCE ST

Utilities

Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 2022
Floors in Building: 1
Number of units: 6
Roof type: Shingle

We can help!

Listing Contact

Blaine Tatje

Listing agent Blaine Tatje License #995712484

Listing office Forte Realty, LLC 3005 Harvard Ave. Suite 200, Metairie, LA

Listing date Jan 30, 2026

MLS# 2540785 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.

HighLights

High Cash on Cash Return: Experience 9.97% profitability.
Recently Renovated: Complete renovation in 2022 including electrical, plumbing, roofing, siding, and interiors.
Fully Leased: Turn‑key asset providing immediate rental income.
Low Maintenance: Designed for durability, efficiency, and ease of ownership with updated systems.
Individual Utilities: Each unit has its own water and electric meter.
Assigned Parking: Each unit includes an assigned off‑street parking space.

Overview

This is a six-unit multifamily property renovated in 2022. The renovation focused on durability, efficiency, and ease of ownership. Major systems, including electrical, plumbing, roofing, siding, and complete interiors, were updated. Fire walls were added for safety. The property is fully leased and profitable, with a 9.97% Cash on Cash Return. Each unit features modern finishes and practical design choices. This turn-key asset offers a path to rental income in the New Orleans market. Each unit has an assigned parking space, as well as its own water meter and electric meter. There is no gas to the property. The property is located in New Orleans, LA 70117 and has a total size of 3100 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$72.2k	$23.28
− Vacancy	−$6.6k	−$2.12
EGI	$65.6k	$21.16
− OpEx	−$29.5k	−$9.52
NOI	$36.1k	$11.64

3,100 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$515.4K

$451.0K – $601.3K (±1% cap)

NOI $36,080 @ 7.0% cap · market cap 5.55%

Second Best

—

no second resolved use

Theoretical Best

Office A

$787.9K

$689.4K – $919.2K (±1% cap)

NOI $55,154 @ 7.0% cap · market cap 8.49%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.030773
Latitude: 29.973649

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For sale
Apartment buildings
LA
New Orleans
70117
1905 FRANCE Street

What type of property is this?

Apartment building - Six-unit multifamily property renovated in 2022, fully leased and profitable.

Where is this apartment building located?

The property is located at 1905 FRANCE Street New Orleans, LA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: High Cash on Cash Return: Experience 9.97% profitability.; Recently Renovated: Complete renovation in 2022 including electrical, plumbing, roofing, siding, and interiors.; Fully Leased: Turn‑key asset providing immediate rental income.

1905 FRANCE Street, New Orleans, LA 70117

MULTI_FAMILY - New Orleans, LA

Property Features for 1905 FRANCE Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

Owner-Occupy Duplex with Sunroom

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