Four-Unit Residential Property with
New
For Sale
$560,000
2917 Lepage St, New Orleans, LA 70119
Two-bedroom and one-bedroom units feature hardwood floors, large kitchens, and additional garage space.
Property Size2,210 SF
Price / SF$253.39
Days on Market6
Property Features for 2917 Lepage St
General Information
Standard status
Active
Size
2,210 SF
Property subtype
Residential Income
Building Details
Tenancy
Multi
Listing Agency:
Wurth Real Estate Services
(504) 259-7021
Listed By:
Charles Conforto · License #995701540
(504) 259-7021
Source:
Exprealty
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 3:42PM
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 Wurth Real Estate Services
Investment Insights
Based on property information with market context.
This 2,210-square-foot fourplex at 2917 Lepage St in New Orleans includes two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. The units feature hardwood floors and large kitchens with ample cabinet and counter space. Two garages provide additional storage or tenant parking.
The property is steps from fair grounds and Jazz Fest, placing the four-unit residential asset near established local destinations. Its configuration also allows for varied occupancy across the unit mix, with garage space supporting resident storage or parking needs.
The property is steps from fair grounds and Jazz Fest, placing the four-unit residential asset near established local destinations. Its configuration also allows for varied occupancy across the unit mix, with garage space supporting resident storage or parking needs.
Key Highlights
- 2,210‑square‑foot fourplex with two 2‑bedroom and two 1‑bedroom units
- Each unit includes 1 bath
- Hardwood floors throughout the units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.8k | $19.80 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $40.0k | $18.09 |
| − OpEx | −$12.0k | −$5.43 |
| NOI | $28.0k | $12.66 |
2,210 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.8K
$349.8K – $466.4K
NOI $27,984 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$367.5K
$321.5K – $428.7K
NOI $25,722 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$578.3K
$506.0K – $674.7K
NOI $40,480 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,236
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two-bedroom and one-bedroom units feature hardwood floors, large kitchens, and additional garage space.
Where is this quadplex located?
The property is located at 2917 Lepage St New Orleans, LA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 2,210‑square‑foot fourplex with two 2‑bedroom and two 1‑bedroom units; Each unit includes 1 bath; Hardwood floors throughout the units
