Renovated 4-Unit
For Sale
$775,000
3914 Camp St, New Orleans, LA 70115
Each apartment includes in-unit laundry, updated kitchens and baths, and hardwood flooring.
Property Size4,141 SF
Price / SF$187.15
Days on Market8
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Property Features for 3914 Camp St
General Information
Standard status
Active
Size
4,141 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Amenities
washer and dryer
Listing Agency:
Paralex Group LLC
Listed By:
Christopher Alexander · License #995710441
(504) 355-6770
Source:
Exprealty
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 15 at 12:05AM
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 Paralex Group LLC
Investment Insights
Based on property information with market context.
This 4,141-square-foot quadplex contains four renovated apartments with updated kitchens and bathrooms, hardwood floors, and natural light. Each unit has its own washer and dryer. The building is fully occupied, and two leases are below current market levels. The property is offered as-is, with no repairs planned by the seller.
The residential property is on Camp Street in Uptown New Orleans, near Magazine Street and four blocks from the St. Charles streetcar. Coffee shops and dining are within walking distance.
The residential property is on Camp Street in Uptown New Orleans, near Magazine Street and four blocks from the St. Charles streetcar. Coffee shops and dining are within walking distance.
Key Highlights
- Four renovated apartments in a 4,141‑square‑foot building
- In‑unit washer and dryer in each apartment
- Updated kitchens and bathrooms, hardwood floors, and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,593
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,860
$711.9K
Cap Rate 7%
$508,471
$508.5K
Cap Rate 9%
$395,478
$395.5K
Market Conditions
NOI Build-Up for 4,141 SF
Gross rent
$55.7K $13.44/SF
− Vacancy
−$4.8K −$1.16/SF
EGI
$50.8K $12.28/SF
− OpEx
−$15.3K −$3.68/SF
NOI
$35.6K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,860
Cap Rate 7%
$508,471
Cap Rate 9%
$395,478
Alternative Uses
Best Use
Multifamily LT 5
$508.5K
$444.9K – $593.2K
NOI $35,593 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$450.7K
$394.4K – $525.9K
NOI $31,551 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.09M
$956.0K – $1.27M
NOI $76,476 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,789
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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 - Each apartment includes in-unit laundry, updated kitchens and baths, and hardwood flooring.
Where is this quadplex located?
The property is located at 3914 Camp St New Orleans, LA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Four renovated apartments in a 4,141‑square‑foot building; In‑unit washer and dryer in each apartment; Updated kitchens and bathrooms, hardwood floors, and natural light
