2933 PINE Street, New Orleans, LA 70125
MULTI_FAMILY - New Orleans, LA
- Added:
- Oct 28, 2024
- Days on Market:
- 593
- Last Refresh:
- Jun 12 at 1:06 pm
Property Features for 2933 PINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Courtyard, Porch
- Standard status
- Active
- APN
- 2933-PINEST
- Size
- 3,908 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- 1. MARLYVILLE SQ 11 LOT X PINE AND FIG 42X120 2933-39 PINE ST 4-PLEX-W FILE #92337 1/07
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Karianne Chassee License #995712774 (337) 522-7554
Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA (337) 522-7554
Listing date Oct 28, 2024
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four‑unit (4‑plex) property in the desirable Fountainbleau area, next to Dominican High School.
- All units are currently rented, providing immediate rental income.
- Potential for owner occupancy with rental income from other units covering the mortgage.
- Modern conveniences in all units: washer/dryer hookups and central HVAC.
- Possible financing options: FHA (3.5% down) or bond for deed with attractive terms.
- Recent updates: renovation around 2015 and hardwood floors in lower units (2018).
Overview
Local 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 | $77.4k | $19.80 |
| − Vacancy | −$6.7k | −$1.71 |
| EGI | $70.7k | $18.09 |
| − OpEx | −$21.2k | −$5.43 |
| NOI | $49.5k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.112176
- Latitude
- 29.957143
