4-Unit Shotgun
For Sale
$575,000
Pending
2933 PINE Street, New Orleans, LA 70125
Multifamily, New Orleans, LA
Property Size3,908 SF
Lot Size0.12 Acres
Days on Market727
Property Features for 2933 PINE Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bathroom 6, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 8, Bedroom 6, Bathroom 1
Parking
1
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Subdivision
Not a Subdivision
Lot features
Corner Lot
Standard status
Pending
APN
2933-PINEST
Size
3,908 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
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
Legal Description
1. MARLYVILLE SQ 11 LOT X PINE AND FIG 42X120 2933-39 PINE ST 4-PLEX-W FILE #92337 1/07
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
central HVAC
rear deck
Building Details
Year built
1970
Number of units
4
Building materials
Stucco, Vinyl Siding
Architectural style
Shotgun
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Karianne H Chassee · License #995712774
(225) 456-1363
Added: Oct 28, 2024
Changed: Oct 24
Last Checked: Oct 24 at 6:06PM
MLS# 2473740
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story, 3,908-square-foot quadplex contains four shotgun-style apartments, each with two bedrooms. The two lower-level units have two bathrooms apiece; the upstairs units have one bathroom each, and one of them opens onto a rear deck. All four apartments have central HVAC and washer and dryer hookups. Renovation work was completed around 2015, hardwood flooring was added to the lower apartments in 2018, two HVAC units were replaced in 2025, and the rear deck was rebuilt in 2026.
The 0.116-acre property is next to Dominican High School in New Orleans. Three apartments are currently rented, and one unit has off-street parking for one car. A rent roll is available to prospective buyers.
The 0.116-acre property is next to Dominican High School in New Orleans. Three apartments are currently rented, and one unit has off-street parking for one car. A rent roll is available to prospective buyers.
Key Highlights
- Four two‑bedroom shotgun apartments in a two‑story building
- 3,908 square feet on a 0.116‑acre lot
- Three of the four apartments are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,485
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,700
$989.7K
Cap Rate 7%
$706,929
$706.9K
Cap Rate 9%
$549,833
$549.8K
Market Conditions
NOI Build-Up for 3,908 SF
Gross rent
$77.4K $19.80/SF
− Vacancy
−$6.7K −$1.71/SF
EGI
$70.7K $18.09/SF
− OpEx
−$21.2K −$5.43/SF
NOI
$49.5K $12.66/SF
Area
New Orleans, LA
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%
$989,700
Cap Rate 7%
$706,929
Cap Rate 9%
$549,833
Alternative Uses
Best Use
Multifamily LT 5
$706.9K
$618.6K – $824.8K
NOI $49,485 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$649.8K
$568.6K – $758.1K
NOI $45,485 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$993.3K
$869.1K – $1.16M
NOI $69,530 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
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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?
Quadplex - Three apartments are rented, and one unit includes off-street parking for a car.
Where is this quadplex located?
The property is located at 2933 PINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four two‑bedroom shotgun apartments in a two‑story building; 3,908 square feet on a 0.116‑acre lot; Three of the four apartments are rented
