Updated Multifamily
For Sale
$275,000
2725 27 General Taylor Street, New Orleans, LA 70115
Historic pine floors and high ceilings add distinctive character to the residential interiors.
Property Size1,700 SF
Days on Market61
Property Features for 2725 27 General Taylor Street
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Multi Family Home
Building Details
Building Size
1,700 SF
Year Built
1940
Stories
1
Tenancy
Multi
Listing Agency:
Remax Crescent Collective LLC
(504) 202-6736
Listed By:
John Hendrix · License #995719267
(504) 202-6736
Source:
Nolalivingrealty
Added: Jun 25
Changed: Aug 22
Last Checked: Aug 23 at 11:39AM
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 Remax Crescent Collective LLC
Investment Insights
Based on property information with market context.
This multifamily property at 2725 27 General Taylor Street was built in 1940 and has been updated. Interior character comes from historic pine wood floors and high ceilings, creating a distinctive residential setting within the building.
The property is positioned near Ochsner Baptist, Trader Joe’s, and the Freret Corridor, an area identified for its restaurants, bars, and local shops. Its location places the asset within an established New Orleans setting with access to nearby dining, retail, and neighborhood amenities.
The property is positioned near Ochsner Baptist, Trader Joe’s, and the Freret Corridor, an area identified for its restaurants, bars, and local shops. Its location places the asset within an established New Orleans setting with access to nearby dining, retail, and neighborhood amenities.
Key Highlights
- Multifamily property built in 1940
- Fully updated property
- Historic pine wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,612
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,240
$292.2K
Cap Rate 7%
$208,743
$208.7K
Cap Rate 9%
$162,356
$162.4K
Market Conditions
NOI Build-Up for 1,700 SF
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.
Gross rent
$22.8K $13.44/SF
− Vacancy
−$2.0K −$1.16/SF
EGI
$20.9K $12.28/SF
− OpEx
−$6.3K −$3.68/SF
NOI
$14.6K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,240
Cap Rate 7%
$208,743
Cap Rate 9%
$162,356
Alternative Uses
Best Use
Multifamily LT 5
$208.7K
$182.7K – $243.5K
NOI $14,612 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$185.0K
$161.9K – $215.9K
NOI $12,953 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$448.5K
$392.5K – $523.3K
NOI $31,396 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,803
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Historic pine floors and high ceilings add distinctive character to the residential interiors.
Where is this multifamily property located?
The property is located at 2725 27 General Taylor Street New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Multifamily property built in 1940; Fully updated property; Historic pine wood floors
