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Central City 10-Unit Apartment Complex

1913 Seventh Street, New Orleans, LA 70115

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For Sale

$740,000

Ten residential units near St. Charles with off-street parking.

Type:MULTI FAMILY FOR SALE / Townhouse

Property size:

5,007 SF

Price / SF:

$147/SF

HighLights

Income‑producing 10‑unit apartment complex
Prime location: just 3 blocks from St Charles Avenue
All units are fully rented and separately metered for electric and gas
Off‑street parking available
New roof installed in 2021
Located in a fast‑developing neighborhood

We can help!

Listing Contact

Lisa Shedlock

Learn more

For Sale

$740,000

Ten residential units near St. Charles with off-street parking.

Type:MULTI FAMILY FOR SALE / Townhouse

Property size:

5,007 SF

Price / SF:

$147/SF

Added:: Aug 2, 2025
Days on Market:: 312
Last Refresh:: Mar 13 at 7:17 pm

Property Features for 1913 Seventh Street

General Information

Standard status: Active
Size: 5,007 SF
Property subtype: MULTI FAMILY FOR SALE / Townhouse

Building Details

Year Built: 1960

We can help!

Listing Contact

Lisa Shedlock

Listing agent Lisa Shedlock License #995689421

Listing office FQR Realtors

Listing date Aug 2, 2025

Source Compass

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 FQR Realtors

HighLights

Income‑producing 10‑unit apartment complex
Prime location: just 3 blocks from St Charles Avenue
All units are fully rented and separately metered for electric and gas
Off‑street parking available
New roof installed in 2021
Located in a fast‑developing neighborhood

Overview

This Central City property features a 10-unit residential complex with off-street parking. Located three blocks from St. Charles, the property is fully rented and well-managed. Each of the ten apartments is separately metered for electric and gas, while the owner is responsible for water. A new roof was installed in 2021. The property is situated in a rapidly developing neighborhood and is located in an X Flood Zone. The building has a property size of 5007 square feet and is intended for residential income purposes.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$76.3k	$15.24
− Vacancy	−$6.9k	−$1.39
EGI	$69.4k	$13.85
− OpEx	−$31.2k	−$6.23
NOI	$38.1k	$7.62

5,007 SF · lease $15.24/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$545.0K

$476.9K – $635.8K (±1% cap)

NOI $38,150 @ 7.0% cap · market cap 5.16%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,469 @ 7.0% cap · market cap 12.50%

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.0901414
Latitude: 29.9326008

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For sale
Apartment buildings
LA
New Orleans
70115
1913 Seventh Street

What type of property is this?

Apartment building - Ten residential units near St. Charles with off-street parking.

Where is this apartment building located?

The property is located at 1913 Seventh Street New Orleans, LA.

What is the asking price?

The asking price for this property is $740,000.

What are key features of this property?

This property features: Income‑producing 10‑unit apartment complex; Prime location: just 3 blocks from St Charles Avenue; All units are fully rented and separately metered for electric and gas