Two-Unit Mixed-Use
For Sale
$395,000
4021 SAINT CLAUDE Avenue, New Orleans, LA 70117
Separate water meters and indoor laundry serve each residence, with a foyer and display area in the front unit.
Property Size2,299 SF
Price / SF$171.81
Days on Market43
Property Features for 4021 SAINT CLAUDE Avenue
General Information
Standard status
Active
Size
2,299 SF
Property subtype
Commercial
Zoning
Commercially zoned
Site & Location
Neighborhood
St. Claude
Building Details
Year Built
1940
Listing Agency:
Gulf South Pinnacle Group
(504) 638-6742
Listed By:
Vasiliki S Acosta · License #995689154
(504) 319-6748
Source:
Geauxsouthrealty
Added: Sep 19
Changed: Oct 31
Last Checked: Oct 31 at 2:27PM
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 Gulf South Pinnacle Group
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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 1940 mixed-use property contains two units with a combined six bedrooms and three bathrooms. Each unit has indoor laundry and a separate water meter. The front unit includes a foyer and display area that can accommodate a gallery, studio, office, retail space, or another business concept. The property has no carpet.
Located at 4021 Saint Claude Avenue in New Orleans, the property is commercially zoned and lies in an X flood zone.
Located at 4021 Saint Claude Avenue in New Orleans, the property is commercially zoned and lies in an X flood zone.
Key Highlights
- Two units with 6 bedrooms and 3 bathrooms total
- 2,299 square feet
- Separate water meters and indoor laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,037
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,740
$620.7K
Cap Rate 7%
$443,386
$443.4K
Cap Rate 9%
$344,856
$344.9K
Market Conditions
NOI Build-Up for 2,299 SF
Gross rent
$55.2K $24.00/SF
− Vacancy
−$5.5K −$2.40/SF
EGI
$49.7K $21.60/SF
− OpEx
−$18.6K −$8.10/SF
NOI
$31.0K $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 Rate 5%
$620,740
Cap Rate 7%
$443,386
Cap Rate 9%
$344,856
Alternative Uses
Best Use
Mixed Use
$443.4K
$388.0K – $517.3K
NOI $31,037 @ 7.0% cap · market cap 7.86%
Second Best
Multifamily LT 5
$415.9K
$363.9K – $485.2K
NOI $29,111 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$584.3K
$511.3K – $681.7K
NOI $40,903 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
879
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate water meters and indoor laundry serve each residence, with a foyer and display area in the front unit.
Where is this mixed-use property located?
The property is located at 4021 SAINT CLAUDE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two units with 6 bedrooms and 3 bathrooms total; 2,299 square feet; Separate water meters and indoor laundry in each unit
