Four-Unit Residential Income
2225 Dumaine Street New Orleans, LA 70119
For Sale
$439,900
Fully occupied four-unit residential income property with updated interiors, including studio and one-, two-bedroom units.
Property Size3,005 SF
Price / SF$146.39
Days on Market101
Property Features for 2225 Dumaine Street
General Information
- Standard status
- Active
- Size
- 3,005 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1923
Listing Agency:
NOLA Living Realty
(504) 428-6552
Listed By:
Feras Ayyad · License #995701308
(504) 428-6552
Source:
Compass
Added: Apr 14
Changed: Jul 22
Last Checked: Jul 23 at 11:16AM
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 NOLA Living Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property offers a total mix of unit types: one 2-bedroom/1-bath unit, two 1-bedroom/1-bath units, and one studio apartment. The property is fully occupied, and recent renovations include updated kitchens, bathrooms, flooring, and paint, supporting move-in-ready finishes while preserving the home’s established character.
The property is located in Treme and is described as being just blocks from the Lafitte Greenway, with proximity to Bayou St. John and the French Quarter. Buyer to verify zoning and all measurements.
As a four-unit multifamily asset, the building provides multiple income streams under one ownership, with the unit mix and renovation updates aimed at maintaining strong day-to-day leasing appeal.
The property is located in Treme and is described as being just blocks from the Lafitte Greenway, with proximity to Bayou St. John and the French Quarter. Buyer to verify zoning and all measurements.
As a four-unit multifamily asset, the building provides multiple income streams under one ownership, with the unit mix and renovation updates aimed at maintaining strong day-to-day leasing appeal.
Key Highlights
- Fully occupied 4‑unit multifamily property with 5 total bedrooms and 4 full bathrooms
- Unit mix: one 2BD/1BA, two 1BD/1BA units, and one studio apartment
- Recent renovations include updated kitchens, bathrooms, flooring, and paint
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 | $59.5k | $19.80 |
| − Vacancy | −$5.1k | −$1.71 |
| EGI | $54.4k | $18.09 |
| − OpEx | −$16.3k | −$5.43 |
| NOI | $38.1k | $12.66 |
3,005 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.6K
$475.6K – $634.2K
NOI $38,051 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$499.6K
$437.2K – $582.9K
NOI $34,975 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$786.3K
$688.0K – $917.4K
NOI $55,042 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied four-unit residential income property with updated interiors, including studio and one-, two-bedroom units.
Where is this quadplex located?
The property is located at 2225 Dumaine Street New Orleans, LA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Fully occupied 4‑unit multifamily property with 5 total bedrooms and 4 full bathrooms; Unit mix: one 2BD/1BA, two 1BD/1BA units, and one studio apartment; Recent renovations include updated kitchens, bathrooms, flooring, and paint
