2216 BROADWAY Street, New Orleans, LA 70118
- Added:
- Jan 7, 2026
- Days on Market:
- 156
- Last Refresh:
- Jun 12 at 7:06 am
Property Features for 2216 BROADWAY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 615312403
- Size
- 4,293 SF
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Victorian
Listing agent Sandra McGee License #000023797 (504) 388-5361
Listing office Riverside Realty, Inc. 9531 Jefferson Hwy., River Ridge, LA (504) 737-8454
Listing date Jan 7, 2026
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
- Major renovation recently completed; property is like new throughout.
- Each unit features 4 bedrooms and a full bath upstairs.
- Spacious downstairs living area with large living room, dining area, and full‑sized kitchen.
- Convenient location with public transit access.
- Ideal location for those in the medical or educational fields.
- Exterior features include a balcony, fence, and porch.
Overview
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 | $85.0k | $19.80 |
| − Vacancy | −$7.3k | −$1.71 |
| EGI | $77.7k | $18.09 |
| − OpEx | −$23.3k | −$5.43 |
| NOI | $54.4k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.116592
- Latitude
- 29.950752