2220 BROADWAY Street New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Features for 2220 BROADWAY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 615312404
- Size
- 4,105 SF
Taxes and HOA fees
- Tax Description
- Lot 5, SQ 50, 6th Municipal District, City of New Orleans
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1931
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jeffery Melancon (985) 307-1367
Listing office RE/MAX Synergy 1904 Ormond Blvd.#101, Destrehan, LA (985) 307-1367
Listing date Jul 10, 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.
Investment Insights
Based on property information with market context.
The property includes a rear sunroom/hallway addition that remains in framed, unfinished condition, providing an opportunity to customize and complete the bonus space. A detached two-story structure at the rear of the lot includes exterior stair access and can support additional storage, workshop, or living space (buyer to verify permitted use). A fenced rear yard adds privacy and off-street space.
Sold as-is, where-is, with cash or renovation financing only.
Key Highlights
- Classic New Orleans two‑story double with partially completed renovation, sold as‑is where‑is.
- Central heat and central air, with off‑street parking and a shingle roof.
- Renovation details include a waterfall‑edge marble island, farmhouse sink, white shaker cabinetry, and marble backsplash in the kitchen.
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 | $81.3k | $19.80 |
| − Vacancy | −$7.0k | −$1.71 |
| EGI | $74.3k | $18.09 |
| − OpEx | −$22.3k | −$5.43 |
| NOI | $52.0k | $12.66 |
