Mixed-Use Apartment
For Sale
$7,270,000
313 EXCHANGE Place, New Orleans, LA 70130
Seven-building, 27-unit portfolio with ground-floor commercial spaces and multiple recent capital improvements.
Property Size20,010 SF
Days on Market344
Property Features for 313 EXCHANGE Place
General Information
Standard status
Active
Size
20,010 SF
Property subtype
Mixed Use
Building Details
Building Size
20,010 SF
Year Built
1850
Listing Agency:
Bridgewater Realty Advisors, LLC
Listed By:
Mason McCullough · License #LA9705
(504) 274-2701
Source:
Ewbank.kw
Added: Oct 2, 2025
Changed: Sep 8
Last Checked: Sep 10 at 5:20AM
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 Bridgewater Realty Advisors, LLC
Investment Insights
Based on property information with market context.
This for-sale portfolio consists of seven buildings totaling 27 units, combining residential apartments with ground-floor commercial spaces. The offering includes several properties on the National Historic Registry, and the buildings have undergone extensive recent capital improvements while preserving historic character.
Seller financing is available if multiple properties are purchased. Specific upgrades cited include brand-new roofs for 525 and 513 Conti, new gutters for 1524 St. Mary St, and a new elevator at 307 Exchange. The portfolio also includes 522-24 Burgundy St with a newly renovated component, and at 307 Exchange the courtyard interior is referenced as a site where Edgar Degas painted, with a commemorative plaque remaining on the exterior.
The portfolio is presented as located within the French Quarter in New Orleans, with multiple assets operating within historically protected districts.
Seller financing is available if multiple properties are purchased. Specific upgrades cited include brand-new roofs for 525 and 513 Conti, new gutters for 1524 St. Mary St, and a new elevator at 307 Exchange. The portfolio also includes 522-24 Burgundy St with a newly renovated component, and at 307 Exchange the courtyard interior is referenced as a site where Edgar Degas painted, with a commemorative plaque remaining on the exterior.
The portfolio is presented as located within the French Quarter in New Orleans, with multiple assets operating within historically protected districts.
Key Highlights
- 7‑building, 27‑unit portfolio with a mix of commercial and residential assets, including ground‑floor commercial spaces
- Several properties are on the National Historic Registry within the French Quarter
- Recent capital improvements include brand‑new roofs at 525 and 513 Conti
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$270,135
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,402,700
$5.4M
Cap Rate 7%
$3,859,071
$3.9M
Cap Rate 9%
$3,001,500
$3.0M
Market Conditions
NOI Build-Up for 20,010 SF
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.
Gross rent
$480.2K $24.00/SF
− Vacancy
−$48.0K −$2.40/SF
EGI
$432.2K $21.60/SF
− OpEx
−$162.1K −$8.10/SF
NOI
$270.1K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,402,700
Cap Rate 7%
$3,859,071
Cap Rate 9%
$3,001,500
Alternative Uses
Best Use
Mixed Use
$3.86M
$3.38M – $4.50M
NOI $270,135 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$3.33M
$2.91M – $3.88M
NOI $232,893 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$5.09M
$4.45M – $5.93M
NOI $356,012 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,425
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven-building, 27-unit portfolio with ground-floor commercial spaces and multiple recent capital improvements.
Where is this mixed-use property located?
The property is located at 313 EXCHANGE Place New Orleans, LA.
What is the asking price?
The asking price for this property is $7,270,000.
What are key features of this property?
This property features: 7‑building, 27‑unit portfolio with a mix of commercial and residential assets, including ground‑floor commercial spaces; Several properties are on the National Historic Registry within the French Quarter; Recent capital improvements include brand‑new roofs at 525 and 513 Conti
