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Multifamily Property in Central Location

4200 Franklin Avenue, New Orleans, LA 70122

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For Sale

$375,000

Multifamily property suitable for owner occupancy or portfolio expansion.

Type:MULTI FAMILY FOR SALE / Townhouse

Property size:

3,240 SF

Price / SF:

$115/SF

HighLights

Multifamily property ideal for owner‑occupancy or investment portfolio expansion.
Located in a central city location.
Features central air conditioning and heating.
Includes 6 total bedrooms.
Contains 4 full bathrooms.
Built in 1978 with wood siding and asphalt roof.

We can help!

Listing Contact

Tyesha Jones

Learn more

For Sale

$375,000

Multifamily property suitable for owner occupancy or portfolio expansion.

Type:MULTI FAMILY FOR SALE / Townhouse

Property size:

3,240 SF

Price / SF:

$115/SF

Added:: Mar 1, 2025
Days on Market:: 465
Last Refresh:: Mar 13 at 6:21 pm

Property Features for 4200 Franklin Avenue

General Information

Standard status: Active
Size: 3,240 SF
Property subtype: MULTI FAMILY FOR SALE / Townhouse

Building Details

Year Built: 1978

We can help!

Listing Contact

Tyesha Jones

Listing agent Tyesha Jones License #995697835

Listing office TJones & Co, LLC

Listing date Mar 1, 2025

Source Compass

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 TJones & Co, LLC

HighLights

Multifamily property ideal for owner‑occupancy or investment portfolio expansion.
Located in a central city location.
Features central air conditioning and heating.
Includes 6 total bedrooms.
Contains 4 full bathrooms.
Built in 1978 with wood siding and asphalt roof.

Overview

This multifamily property, encompassing 3,240 square feet, is situated in a central location within the city. The property is suitable for either owner occupancy or expansion of an existing real estate portfolio.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.3k	$18.00
− Vacancy	−$5.3k	−$1.64
EGI	$53.0k	$16.36
− OpEx	−$23.9k	−$7.36
NOI	$29.2k	$9.00

3,240 SF · lease $18.00/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$416.5K

$364.5K – $486.0K (±1% cap)

NOI $29,157 @ 7.0% cap · market cap 7.78%

Second Best

—

no second resolved use

Theoretical Best

Office A

$847.8K

$741.8K – $989.1K (±1% cap)

NOI $59,346 @ 7.0% cap · market cap 15.83%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.0504384
Latitude: 30.0018003

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For sale
Multifamily properties
LA
New Orleans
70122
4200 Franklin Avenue

What type of property is this?

Multifamily property - Multifamily property suitable for owner occupancy or portfolio expansion.

Where is this multifamily property located?

The property is located at 4200 Franklin Avenue New Orleans, LA.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Multifamily property ideal for owner‑occupancy or investment portfolio expansion.; Located in a central city location.; Features central air conditioning and heating.