For Sale
Contact for pricing
2832 Pauger St, New Orleans, LA 70119
Apartment buildings
Property Size7,500 SF
Price / SF$142
Days on Market175
Property Features for 2832 Pauger St
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$134,000
Building Details
Units
12
Listing Agency:
The Agency of M. Grass Group
Listed By:
Kemet LLC · License #995712463
Source:
Crexi
Added: Apr 27
Changed: Oct 2
Last Checked: Oct 16 at 8:36AM
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 Agency of M. Grass Group
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,969
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,899,380
$1.9M
Cap Rate 7%
$1,356,700
$1.4M
Cap Rate 9%
$1,055,211
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$148.5K $19.80/SF
− Vacancy
−$12.8K −$1.71/SF
EGI
$135.7K $18.09/SF
− OpEx
−$40.7K −$5.43/SF
NOI
$95.0K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,899,380
Cap Rate 7%
$1,356,700
Cap Rate 9%
$1,055,211
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.58M
NOI $94,969 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,291 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,376 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this apartment building located?
The property is located at 2832 Pauger St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,065,000.
