8-Unit Multifamily
2210 Bienville St, New Orleans, LA 70119
For Sale
$650,000
Six apartments are occupied, while two units require rehabilitation.
Property Size2,800 SF
Price / SF$232.14
Days on Market96
Property Features for 2210 Bienville St
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Tenant in Place
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
Listing Agency:
REMAX Commercial Brokers, Inc
Listed By:
Cameron Lombardo · License LA SALE.0995695512-ACT
(504) 838-0001
Source:
Lacdb.resimplifi
Added: Aug 11
Changed: Nov 10
Last Checked: Nov 14 at 2:17AM
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 REMAX Commercial Brokers, Inc
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Investment Insights
Based on property information with market context.
This eight-unit multifamily property contains eight 350-square-foot apartments, each configured with one bedroom and one bathroom. Six units are occupied, and two need rehabilitation. The occupied apartments are supported by Section 8 rents.
The property is on Bienville Street in Mid-City, New Orleans. It is offered individually or as part of a package with 2853 Dryades Street and 1917 Leonidas Street.
The property is on Bienville Street in Mid-City, New Orleans. It is offered individually or as part of a package with 2853 Dryades Street and 1917 Leonidas Street.
Key Highlights
- Eight 350‑square‑foot apartments, each with 1 bedroom and 1 bathroom
- Six of 8 units are occupied; two units need rehabilitation
- Located on Bienville Street in Mid‑City, New Orleans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,589
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,780
$651.8K
Cap Rate 7%
$465,557
$465.6K
Cap Rate 9%
$362,100
$362.1K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$65.2K $23.28/SF
− Vacancy
−$5.9K −$2.12/SF
EGI
$59.3K $21.16/SF
− OpEx
−$26.7K −$9.52/SF
NOI
$32.6K $11.64/SF
Area
ZIP 70119
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%
$651,780
Cap Rate 7%
$465,557
Cap Rate 9%
$362,100
Alternative Uses
Best Use
Apartment 5plus
$465.6K
$407.4K – $543.2K
NOI $32,589 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.7K
$641.1K – $854.8K
NOI $51,287 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,098
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in New Orleans, LA
Properties on Market for Apartment buildings in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six apartments are occupied, while two units require rehabilitation.
Where is this apartment building located?
The property is located at 2210 Bienville St 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: Eight 350‑square‑foot apartments, each with 1 bedroom and 1 bathroom; Six of 8 units are occupied; two units need rehabilitation; Located on Bienville Street in Mid‑City, New Orleans
