Renovated Residential Income
For Sale
$750,000
422 Notre Dame St Unit 3, New Orleans, LA 70130
Historic condominium with flexible CBD-6 zoning, distinctive architectural details, private outdoor space, and gated parking access.
Property Size1,919 SF
Price / SF$390.83
Days on Market20
Property Features for 422 Notre Dame St Unit 3
General Information
Standard status
Active
Size
1,919 SF
Zoning
CBD-6
Additional Details
Multifamily Units
1
Building Details
Year Built
1904
Listing Agency:
Homesmart Realty South
Listed By:
Dominique Dennoun · License #995706278
(504) 701-9462
Source:
Fiorellaavenue
Added: Sep 18
Changed: Sep 27
Last Checked: Oct 6 at 12:20AM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This 1,919-square-foot condominium occupies a building constructed in 1904 and combines original architectural elements with a renovated interior. The residence includes 11-foot ceilings, exposed beams, hardwood flooring, original brickwork, a fireplace, and an open living area with a kitchen equipped with high-end appliances and an oversized island. The primary suite has a balcony and an ensuite bathroom with a soaking tub and rain shower.
The property is located in New Orleans’ Warehouse District, near the Convention Center, Ogden Museum, National WWII Museum, and area restaurants. CBD-6 zoning allows for residential and commercial flexibility. Building improvements include a new roof and exterior paint completed in 2023, while gated parking is accessible from the private balcony.
The property is located in New Orleans’ Warehouse District, near the Convention Center, Ogden Museum, National WWII Museum, and area restaurants. CBD-6 zoning allows for residential and commercial flexibility. Building improvements include a new roof and exterior paint completed in 2023, while gated parking is accessible from the private balcony.
Key Highlights
- 1,919‑square‑foot condominium in a building constructed in 1904
- CBD‑6 zoning provides residential and commercial flexibility
- 11‑foot ceilings, exposed beams, hardwood floors, original brick walls, and fireplace
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.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,411
Businesses Nearby
Explore this area
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 - Historic condominium with flexible CBD-6 zoning, distinctive architectural details, private outdoor space, and gated parking access.
Where is this residential income property located?
The property is located at 422 Notre Dame St Unit 3 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‑foot condominium in a building constructed in 1904; CBD‑6 zoning provides residential and commercial flexibility; 11‑foot ceilings, exposed beams, hardwood floors, original brick walls, and fireplace
