Renovated Residential Income
For Sale
$750,000
422 NOTRE DAME Street, New Orleans, LA 70130
Commercial Sale, New Orleans, LA
Property Size1,919 SF
Price / SF$390.83
Days on Market42
Property Features for 422 NOTRE DAME Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD 6
Parking features
Off Street
Standard status
Active
APN
103102342
Size
1,919 SF
Taxes and HOA fees
Tax Description
SQ 124 LOT P UNIT-3
Legal Description
SQ 124 LOT P UNIT-3
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Amenities
fireplace
balcony
Building Details
Year built
1904
Floors in Building
1
Flooring type
Wood, Tile
Building materials
Brick
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Dominique S Dennoun · License #995706278
(504) 701-9462
Added: Sep 14
Changed: Oct 23
Last Checked: Oct 25 at 2:06PM
MLS# 2577217
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated 1,919-square-foot condo in a 1904 building combines brick construction with wood and tile flooring. Interior details include 11-foot ceilings, exposed beams, hardwood floors, original brick walls, a fireplace, and an open living area. The kitchen has high-end appliances and an oversized island. A private primary suite opens to a balcony with access to gated parking, and its ensuite bathroom includes a soaking tub and rain shower.
The building received a new roof and exterior paint in 2023. The property is in New Orleans’ Warehouse District, steps from restaurants, the Convention Center, Ogden Museum, and the National WWII Museum. Public water and sewer serve the property, and natural gas is available.
The building received a new roof and exterior paint in 2023. The property is in New Orleans’ Warehouse District, steps from restaurants, the Convention Center, Ogden Museum, and the National WWII Museum. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- 1,919 square feet in a 1904 building
- CBD 6 zoning allows residential and commercial flexibility
- Renovated condo with 11‑foot ceilings, exposed beams, fireplace, and original brick walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,335
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,700
$446.7K
Cap Rate 7%
$319,071
$319.1K
Cap Rate 9%
$248,167
$248.2K
Market Conditions
NOI Build-Up for 1,919 SF
Gross rent
$44.7K $23.28/SF
− Vacancy
−$4.1K −$2.12/SF
EGI
$40.6K $21.16/SF
− OpEx
−$18.3K −$9.52/SF
NOI
$22.3K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,700
Cap Rate 7%
$319,071
Cap Rate 9%
$248,167
Alternative Uses
Best Use
Apartment 5plus
$319.1K
$279.2K – $372.3K
NOI $22,335 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.7K
$426.8K – $569.0K
NOI $34,142 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,411
Businesses Nearby
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Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - CBD-6 zoning allows residential and commercial flexibility.
Where is this residential income property located?
The property is located at 422 NOTRE DAME Street New Orleans, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,919 square feet in a 1904 building; CBD 6 zoning allows residential and commercial flexibility; Renovated condo with 11‑foot ceilings, exposed beams, fireplace, and original brick walls
