Mixed-Use Property with Retail
3921 Saint Claude Ave New Orleans, LA 70117
3921 Saint Claude Ave, New Orleans, LA, 70117
$749,000
For Sale
$749,000
Historic mixed-use building includes three downstairs commercial spaces and two apartments, plus an included adjoining vacant lot.
Property Size2,036 SF
Price / SF$367.88
Days on Market100
Property Features for 3921 Saint Claude Ave
General Information
- Standard status
- Active
- Size
- 2,036 SF
Listing agency
Compass Uptown (LATT07)
(504) 782-8634
Listed by
Mark Vaughn
(504) 782-8634
Source
Exprealty
Added: Apr 13 Updated: Jul 20 at 4:14AM Checked: Jul 20 at 4:14AM
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 Compass Uptown (LATT07)
Investment Insights
Based on property information with market context.
Historic mixed-use property in the Bywater area featuring three large downstairs commercial spaces and two apartments. The building was renovated in 2013 and includes a covered, gated front patio with glass frontage and glass entry. The commercial areas feature original terrazzo floors beneath tenant locking rubber mats, along with two ADA-compliant bathrooms.
Downstairs tenant space is associated with a long-term shaolin and movement consortium. Residential units include a spacious upstairs apartment with a gated entrance, balcony overlooking St. Claude Avenue, two full bathrooms, ample walk-in closet space, a fully equipped kitchen, washer and dryer in unit, and a large rooftop deck. A motorized roll-down shutter and a patio door for natural light are noted.
An attached side-entry apartment provides an open living area and kitchen on the lower level, with a balcony overlooking the first floor and an upstairs bedroom and bath. The listing also includes the adjoining vacant lot at 3919 St Claude, offering multiple use possibilities, and the property is described as being in Flood Zone X, outside mandatory flood insurance.
Downstairs tenant space is associated with a long-term shaolin and movement consortium. Residential units include a spacious upstairs apartment with a gated entrance, balcony overlooking St. Claude Avenue, two full bathrooms, ample walk-in closet space, a fully equipped kitchen, washer and dryer in unit, and a large rooftop deck. A motorized roll-down shutter and a patio door for natural light are noted.
An attached side-entry apartment provides an open living area and kitchen on the lower level, with a balcony overlooking the first floor and an upstairs bedroom and bath. The listing also includes the adjoining vacant lot at 3919 St Claude, offering multiple use possibilities, and the property is described as being in Flood Zone X, outside mandatory flood insurance.
Key Highlights
- Historic mixed‑use building in the Bywater neighborhood with three downstairs commercial spaces and two apartments
- Renovated in 2013 and back on the market after sewer pipe replacement
- Downstairs includes two large rooms with original terrazzo floors and two ADA‑compliant bathrooms
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $24.00 |
| − Vacancy | −$4.9k | −$2.40 |
| EGI | $44.0k | $21.60 |
| − OpEx | −$16.5k | −$8.10 |
| NOI | $27.5k | $13.50 |
2,036 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$392.7K
$343.6K – $458.1K
NOI $27,486 @ 7.0% cap · market cap 3.67%
Second Best
Multifamily LT 5
$368.3K
$322.3K – $429.7K
NOI $25,781 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$517.5K
$452.8K – $603.7K
NOI $36,224 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use building includes three downstairs commercial spaces and two apartments, plus an included adjoining vacant lot.
Where is this mixed-use property located?
The property is located at 3921 Saint Claude Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Historic mixed‑use building in the Bywater neighborhood with three downstairs commercial spaces and two apartments; Renovated in 2013 and back on the market after sewer pipe replacement; Downstairs includes two large rooms with original terrazzo floors and two ADA‑compliant bathrooms
