Four-Unit Multifamily
For Sale
$299,900
2520 22 2ND Street, New Orleans, LA 70113
Four residences provide a combined four bedrooms and four bathrooms, with off-street parking for tenants.
Property Size2,369 SF
Price / SF$126.59
Days on Market155
Property Features for 2520 22 2ND Street
General Information
Standard status
Active
Size
2,369 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Central City
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Building Details
Building Size
2,369 SF
Year Built
1946
Listing Agency:
Boyd Realtors, LLC
Listed By:
Kristen Young-Boyd · License #995685849
(504) 400-3945
Source:
Joliburrell
Added: May 28
Changed: Oct 28
Last Checked: Oct 26 at 3:16PM
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 Boyd Realtors, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains four residential units with a combined 2,369 square feet. Across the building, the units offer four bedrooms and four bathrooms, along with off-street parking. The property was built in 1946 and is located at 2520 22 2ND Street in New Orleans.
Key Highlights
- Four residential units totaling 2,369 square feet
- Combined unit mix of 4 bedrooms and 4 bathrooms
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,572
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,440
$551.4K
Cap Rate 7%
$393,886
$393.9K
Cap Rate 9%
$306,356
$306.4K
Market Conditions
NOI Build-Up for 2,369 SF
Gross rent
$55.2K $23.28/SF
− Vacancy
−$5.0K −$2.12/SF
EGI
$50.1K $21.16/SF
− OpEx
−$22.6K −$9.52/SF
NOI
$27.6K $11.64/SF
Area
New Orleans, LA
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%
$551,440
Cap Rate 7%
$393,886
Cap Rate 9%
$306,356
Alternative Uses
Best Use
Multifamily LT 5
$428.5K
$375.0K – $500.0K
NOI $29,997 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$393.9K
$344.7K – $459.5K
NOI $27,572 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$602.1K
$526.9K – $702.5K
NOI $42,148 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences provide a combined four bedrooms and four bathrooms, with off-street parking for tenants.
Where is this quadplex located?
The property is located at 2520 22 2ND Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Four residential units totaling 2,369 square feet; Combined unit mix of 4 bedrooms and 4 bathrooms; Off‑street parking
