Commercial-Zoned
For Sale
$299,000
4105 Saint Claude Ave, New Orleans, LA 70117
The building has historically served as a residence and carries commercial zoning.
Property Size1,680 SF
Price / SF$177.98
Days on Market72
Property Features for 4105 Saint Claude Ave
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Residential Income
Site & Location
Neighborhood
St. Claude
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Ricci Real Estate
(504) 372-0050
Listed By:
Greg S Jeanfreau · License #000069394
(504) 621-3472
Source:
Exprealty
Added: Aug 20
Changed: Oct 29
Last Checked: Oct 28 at 2:54PM
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 Ricci Real Estate
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Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex has a history of residential use and is commercially zoned. The property is located at 4105 Saint Claude Ave in New Orleans. Confirm zoning and intended use with the City before pursuing a particular use.
Key Highlights
- 1,680‑square‑foot duplex
- Commercial zoning; confirm intended use with the City
- Historically used as a residential property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,273
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,460
$425.5K
Cap Rate 7%
$303,900
$303.9K
Cap Rate 9%
$236,367
$236.4K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$33.3K $19.80/SF
− Vacancy
−$2.9K −$1.71/SF
EGI
$30.4K $18.09/SF
− OpEx
−$9.1K −$5.43/SF
NOI
$21.3K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,460
Cap Rate 7%
$303,900
Cap Rate 9%
$236,367
Alternative Uses
Best Use
Multifamily LT 5
$303.9K
$265.9K – $354.6K
NOI $21,273 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$279.3K
$244.4K – $325.9K
NOI $19,553 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$427.0K
$373.6K – $498.2K
NOI $29,890 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The building has historically served as a residence and carries commercial zoning.
Where is this duplex located?
The property is located at 4105 Saint Claude Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,680‑square‑foot duplex; Commercial zoning; confirm intended use with the City; Historically used as a residential property
