Modern 3-Plex with
4218 S CARROLLTON AVE New Orleans, LA 70119
4218 S CARROLLTON AVE, New Orleans, LA, 70119
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For Sale
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Built in 2018, this 3-plex includes gated off-street parking, private entries, central HVAC, and in-unit laundry.
Property Size3,144 SF
Price / SF$217.88
Days on Market65
Property Features for 4218 S CARROLLTON AVE
General Information
- Standard status
- Active
- Size
- 3,144 SF
- Property subtype
- Multifamily, Mixed Use
Listing agency
Bridgewater Realty Advisors
(504) 274-2701
Listed by
Mason Mccullough · License #LA9705
Source
Crexi
Added: May 18 Updated: Jul 20 at 7:06PM Checked: Jul 21 at 6:15AM
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 Bridgewater Realty Advisors
Investment Insights
Based on property information with market context.
Built in 2018, this modern 3-plex offers three residential units with private entries, central air and heating, and in-unit laundry. The property includes gated off-street parking, backyard access, and a full fire sprinkler system.
Unit A is a 3-bedroom, 2-bath layout with high ceilings and a private outdoor patio, and it is currently leased. Units B and C are each 2-bedroom, 1-bath residences with matching layout and design; Unit B is owner-occupied, and Unit C is currently leased.
The property is located on S Carrollton Ave in Mid-City and is zoned HU-MU, which allows office, retail, or other commercial uses on site, providing flexibility beyond residential income.
Unit A is a 3-bedroom, 2-bath layout with high ceilings and a private outdoor patio, and it is currently leased. Units B and C are each 2-bedroom, 1-bath residences with matching layout and design; Unit B is owner-occupied, and Unit C is currently leased.
The property is located on S Carrollton Ave in Mid-City and is zoned HU-MU, which allows office, retail, or other commercial uses on site, providing flexibility beyond residential income.
Key Highlights
- Built in 2018: like‑new modern 3‑plex with central air and heating plus in‑unit laundry
- Gated off‑street parking with private entries for each unit
- Full fire sprinkler system
Local Financial Insights For Multifamily LT 5
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 | $62.3k | $19.80 |
| − Vacancy | −$5.4k | −$1.71 |
| EGI | $56.9k | $18.09 |
| − OpEx | −$17.1k | −$5.43 |
| NOI | $39.8k | $12.66 |
3,144 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$568.7K
$497.6K – $663.5K
NOI $39,811 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$522.8K
$457.4K – $609.9K
NOI $36,593 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$822.7K
$719.9K – $959.8K
NOI $57,588 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Club CoCo
Nightclub
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Built in 2018, this 3-plex includes gated off-street parking, private entries, central HVAC, and in-unit laundry.
Where is this triplex located?
The property is located at 4218 S CARROLLTON AVE New Orleans, LA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Built in 2018: like‑new modern 3‑plex with central air and heating plus in‑unit laundry; Gated off‑street parking with private entries for each unit; Full fire sprinkler system
