Furnished Mixed-Use
New
For Sale
$439,000
4201 Tchoupitoulas St, New Orleans, LA 70115
HU-MU zoning and commercial short-term rental permission support flexible residential and professional use.
Property Size1,225 SF
Price / SF$358.37
Days on Market2
Property Features for 4201 Tchoupitoulas St
General Information
Standard status
Active
Size
1,225 SF
Building Details
Year Built
1918
Listing Agency:
REMAX N.O. Properties
Listed By:
Gary Lazarus · License #000027873
(504) 382-2603
Source:
Fiorellaavenue
Added: Sep 8
Last Checked: Sep 8 at 2:43PM
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 REMAX N.O. Properties
Investment Insights
Based on property information with market context.
This 1,225-square-foot mixed-use property combines a furnished three-bedroom, two-bath layout with commercial short-term rental authorization. The 1918 building includes cypress flooring, exposed brick, granite counters, stainless steel kitchen appliances, and a primary suite with a private bath, subway tile, retro tile flooring, and a double-sink vanity. Off-street parking is included, and the roof was replaced 3 years ago.
Located at 4201 Tchoupitoulas St in New Orleans, the property is near Tipitina's, Port Orleans Brewing Co., Francolini's, and Barracuda. HU-MU zoning and the existing commercial short-term rental permission provide a documented framework for both residential and professional applications. The property is also located in an X flood zone.
Located at 4201 Tchoupitoulas St in New Orleans, the property is near Tipitina's, Port Orleans Brewing Co., Francolini's, and Barracuda. HU-MU zoning and the existing commercial short-term rental permission provide a documented framework for both residential and professional applications. The property is also located in an X flood zone.
Key Highlights
- 1,225‑square‑foot mixed‑use property with 3 bedrooms and 2 baths
- HU‑MU zoning with City permission for commercial short‑term rental use
- Furnished interior with cypress floors, exposed brick, granite counters, and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,884
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$297,680
$297.7K
Cap Rate 7%
$212,629
$212.6K
Cap Rate 9%
$165,378
$165.4K
Market Conditions
NOI Build-Up for 1,225 SF
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.
Gross rent
$26.5K $21.60/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$23.8K $19.44/SF
− OpEx
−$8.9K −$7.29/SF
NOI
$14.9K $12.15/SF
Area
ZIP 70115
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$297,680
Cap Rate 7%
$212,629
Cap Rate 9%
$165,378
Alternative Uses
Best Use
Mixed Use
$212.6K
$186.1K – $248.1K
NOI $14,884 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$133.3K
$116.7K – $155.6K
NOI $9,334 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$323.2K
$282.8K – $377.1K
NOI $22,623 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,926
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - HU-MU zoning and commercial short-term rental permission support flexible residential and professional use.
Where is this mixed-use property located?
The property is located at 4201 Tchoupitoulas St New Orleans, LA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 1,225‑square‑foot mixed‑use property with 3 bedrooms and 2 baths; HU‑MU zoning with City permission for commercial short‑term rental use; Furnished interior with cypress floors, exposed brick, granite counters, and stainless appliances
