Six-Unit Apartment
For Sale
$499,000
318 N Olympia St, New Orleans, LA 70119
Fully occupied multifamily property with varied unit layouts, private porches, separate electric meters, and on-site parking.
Property Size4,930 SF
Price / SF$101.22
Days on Market29
Property Features for 318 N Olympia St
General Information
Standard status
Active
Size
4,930 SF
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA, 3 x 2BR/1BA, 1 x 1BR
Multifamily Units
6
Additional Details
Utilities to Site
Yes
Amenities
laundry hookups
private front porches
Building Details
Year Built
1940
Buildings
2
Listing Agency:
Satsuma Real Estate LLC
(504) 345-9737
Listed By:
William King · License #995688927
Source:
Dominionplace
Added: Aug 4
Changed: Aug 27
Last Checked: Aug 31 at 7:01PM
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 Satsuma Real Estate LLC
Investment Insights
Based on property information with market context.
This 4,930-square-foot multifamily property, built in 1940, contains six residential units across a main building and a rear house. The main structure includes two upper-level three-bedroom, one-bath units with private front porches, central HVAC, and wood flooring, plus three lower-level two-bedroom, one-bath units with tile floors and a mix of mini-split, combination, and window air-conditioning systems. A separate one-bedroom rear unit has central HVAC. Five main-building apartments feature open living areas, while laundry hookups are located in the shared rear-building area.
The property is fully occupied and provides parking along the side driveway and at the front. Separate electric meters and two water meters support utility administration. A new roof was completed in Spring 2024. The address is 318 20 N Olympia St, New Orleans, LA 70119, and showings require 48 hours' notice.
The property is fully occupied and provides parking along the side driveway and at the front. Separate electric meters and two water meters support utility administration. A new roof was completed in Spring 2024. The address is 318 20 N Olympia St, New Orleans, LA 70119, and showings require 48 hours' notice.
Key Highlights
- Six residential units across a main building and rear house
- 4,930 square feet on a 1940‑built property
- Unit mix includes two 3‑bedroom units, three 2‑bedroom units, and one 1‑bedroom unit
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,691
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with varied unit layouts, private porches, separate electric meters, and on-site parking.
Where is this apartment building located?
The property is located at 318 N Olympia St New Orleans, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Six residential units across a main building and rear house; 4,930 square feet on a 1940‑built property; Unit mix includes two 3‑bedroom units, three 2‑bedroom units, and one 1‑bedroom unit
