Multifamily
For Sale
$419,000
3065 67 Chartres St, New Orleans, LA 70117
Multifamily property built in 1920 in New Orleans.
Property Size1,948 SF
Price / SF$215.09
Days on Market48
Property Features for 3065 67 Chartres St
General Information
Standard status
Active
Size
1,948 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Bywater
Building Details
Year Built
1920
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 24 at 5:35PM
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 United Real Estate Partners LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was built in 1920 and is located at 3065 67 Chartres St in New Orleans, Louisiana 70117.
Key Highlights
- Built in 1920
- Located at 3065 67 Chartres St, New Orleans, LA 70117
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,672
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,440
$453.4K
Cap Rate 7%
$323,886
$323.9K
Cap Rate 9%
$251,911
$251.9K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$45.3K $23.28/SF
− Vacancy
−$4.1K −$2.12/SF
EGI
$41.2K $21.16/SF
− OpEx
−$18.6K −$9.52/SF
NOI
$22.7K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,440
Cap Rate 7%
$323,886
Cap Rate 9%
$251,911
Alternative Uses
Best Use
Apartment 5plus
$323.9K
$283.4K – $377.9K
NOI $22,672 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$495.1K
$433.2K – $577.6K
NOI $34,658 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property built in 1920 in New Orleans.
Where is this multifamily property located?
The property is located at 3065 67 Chartres St New Orleans, LA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Built in 1920; Located at 3065 67 Chartres St, New Orleans, LA 70117
