5-Bedroom
New
For Sale
$247,500
2722 22 Wisteria St, New Orleans, LA 70122
The occupied property is offered in as-is condition, with no interior access or inspections permitted.
Property Size1,904 SF
Price / SF$129.99
Days on Market1
Property Features for 2722 22 Wisteria St
General Information
Standard status
Active
Size
1,904 SF
Property subtype
Multi-Family
Building Details
Year Built
1940
Listing Agency:
Nola Living Realty
(504) 301-9757
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 19
Last Checked: Oct 19 at 2:10PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains five bedrooms and three full bathrooms. Built in 1940, the property is occupied and offered in as-is condition, without seller representations or warranties.
The building is in the Edgewood Park area of Gentilly. Interior access and inspections are not permitted.
The building is in the Edgewood Park area of Gentilly. Interior access and inspections are not permitted.
Key Highlights
- Duplex with five bedrooms and three full bathrooms
- Built in 1940
- Located in the Edgewood Park area of Gentilly
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,726
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,520
$394.5K
Cap Rate 7%
$281,800
$281.8K
Cap Rate 9%
$219,178
$219.2K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$30.8K $16.20/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$28.2K $14.80/SF
− OpEx
−$8.5K −$4.44/SF
NOI
$19.7K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,520
Cap Rate 7%
$281,800
Cap Rate 9%
$219,178
Alternative Uses
Best Use
Multifamily LT 5
$281.8K
$246.6K – $328.8K
NOI $19,726 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$244.8K
$214.2K – $285.6K
NOI $17,134 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$498.2K
$435.9K – $581.3K
NOI $34,875 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The occupied property is offered in as-is condition, with no interior access or inspections permitted.
Where is this duplex located?
The property is located at 2722 22 Wisteria St New Orleans, LA.
What is the asking price?
The asking price for this property is $247,500.
What are key features of this property?
This property features: Duplex with five bedrooms and three full bathrooms; Built in 1940; Located in the Edgewood Park area of Gentilly
