Renovated Six-Unit Apartment
For Sale
$625,000
1905 FRANCE Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size3,100 SF
Price / SF$201.61
Days on Market267
Property Features for 1905 FRANCE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 5
Parking features
Assigned, Off Street
Standard status
Active
APN
701171905FRANCESTC
Size
3,100 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water, electricity
Taxes and HOA fees
Tax Description
QS 941 OR 940 LOT C-1 56.86X109 1905 FRANCE ST
Legal Description
QS 941 OR 940 LOT C-1 56.86X109 1905 FRANCE ST
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
2022
Number of units
6
Flooring type
Tile
Building materials
Brick
Listing Agency:
Team Tatje Realtors, LLC
Listed By:
Blaine H Tatje · License #995712484
(504) 293-2460
Added: Jan 30
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2540785
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,100-square-foot apartment property contains six one-bedroom, one-bathroom units and was built in 2022. Renovations completed that year included work to the electrical, plumbing, roof, siding, and interiors, along with the addition of fire walls. Brick construction, tile flooring, and window-unit cooling are listed among the building’s features.
All six units are leased. Each residence has an assigned off-street parking space and its own water and electric meter. Public water and sewer serve the property.
All six units are leased. Each residence has an assigned off-street parking space and its own water and electric meter. Public water and sewer serve the property.
Key Highlights
- Six apartment units, each configured with one bedroom and one bathroom
- 3,100 square feet; built in 2022
- 2022 work included electrical, plumbing, roofing, siding, and interior updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,080
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,600
$721.6K
Cap Rate 7%
$515,429
$515.4K
Cap Rate 9%
$400,889
$400.9K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$72.2K $23.28/SF
− Vacancy
−$6.6K −$2.12/SF
EGI
$65.6K $21.16/SF
− OpEx
−$29.5K −$9.52/SF
NOI
$36.1K $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%
$721,600
Cap Rate 7%
$515,429
Cap Rate 9%
$400,889
Alternative Uses
Best Use
Apartment 5plus
$515.4K
$451.0K – $601.3K
NOI $36,080 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.9K
$689.4K – $919.2K
NOI $55,154 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each one-bedroom, one-bathroom residence has a dedicated parking space and separate water and electric meters.
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 $625,000.
What are key features of this property?
This property features: Six apartment units, each configured with one bedroom and one bathroom; 3,100 square feet; built in 2022; 2022 work included electrical, plumbing, roofing, siding, and interior updates
