Multifamily
For Sale
$325,000
2504 Bienville St, New Orleans, LA 70119
Multifamily property with a 1920 construction date.
Property Size2,080 SF
Price / SF$156.25
Days on Market84
Property Features for 2504 Bienville St
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Tulane - Gravier
Building Details
Year Built
1920
Listing Agency:
The W Group Real Estate LLC
(225) 577-6555
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 2
Changed: Oct 23
Last Checked: Oct 23 at 6:27AM
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 The W Group Real Estate LLC
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Investment Insights
Based on property information with market context.
This multifamily property encompasses 2,080 square feet and was constructed in 1920. The asset is located at 2504 Bienville St in New Orleans, Louisiana.
Key Highlights
- 2,080 square feet of multifamily property
- Constructed in 1920
- Located at 2504 Bienville St, New Orleans, LA 70119
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,209
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,180
$484.2K
Cap Rate 7%
$345,843
$345.8K
Cap Rate 9%
$268,989
$269.0K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$48.4K $23.28/SF
− Vacancy
−$4.4K −$2.12/SF
EGI
$44.0K $21.16/SF
− OpEx
−$19.8K −$9.52/SF
NOI
$24.2K $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%
$484,180
Cap Rate 7%
$345,843
Cap Rate 9%
$268,989
Alternative Uses
Best Use
Apartment 5plus
$345.8K
$302.6K – $403.5K
NOI $24,209 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.3K
$476.2K – $635.0K
NOI $38,099 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,626
Businesses Nearby
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with a 1920 construction date.
Where is this multifamily property located?
The property is located at 2504 Bienville St New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,080 square feet of multifamily property; Constructed in 1920; Located at 2504 Bienville St, New Orleans, LA 70119
