Craftsman Mixed-Use
For Sale
$695,000
4223 ST CLAUDE Avenue, New Orleans, LA 70117
Multi-Family, Craftsman, New Orleans, LA
Property Size2,828 SF
Price / SF$245.76
Days on Market366
Property Features for 4223 ST CLAUDE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Courtyard, Fence
Fencing
Fenced
Lot features
Regular
Subdivision
Bywater
Standard status
Active
APN
SQ 413 LOT 1 OR 7
Size
2,828 SF
Taxes and HOA fees
Tax Description
SQ 413 LOT 1 OR 7 ST CLAUDE 27X120 GEN BUS.1380 SF FT 4. RES 1380 SQ FT 5. 2/STORY FR STORE
Legal Description
SQ 413 LOT 1 OR 7 ST CLAUDE 27X120 GEN BUS.1380 SF FT 4. RES 1380 SQ FT 5. 2/STORY FR STORE
Utilities
Heating system
Other (Heating), Ductless (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Number of units
2
Architectural style
Craftsman
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie Witry · License #995710150
(504) 919-8585
Added: Oct 13, 2025
Changed: Sep 16
Last Checked: Oct 13 at 9:06PM
MLS# 2526228
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Craftsman mixed-use property combines a commercial first floor with a separate residential level. The lower floor includes storefront glazing, large windows, 11-foot ceilings, built-in counter service, seating areas, two half baths—one ADA accessible—and pantry and storage space. A natural-gas range with six burners, a 24-inch griddle, and two ovens supports café operations. The upper level contains three independent bedrooms, one full bathroom, an open kitchen, original wood floors, two covered porches, and 9-foot ceilings. Two central systems serve the building, with ductless heating also identified.
The property is located at 4223 St. Claude Avenue in New Orleans and carries HMC-2 zoning within the Historic Marigny/Treme/Bywater Commercial District. Additional features include 78 square feet of exterior storage, outdoor plumbing, public water, a fenced courtyard, Flood Zone X designation, and a termite contract. The building qualifies for State and Federal Historic Tax Credits.
The property is located at 4223 St. Claude Avenue in New Orleans and carries HMC-2 zoning within the Historic Marigny/Treme/Bywater Commercial District. Additional features include 78 square feet of exterior storage, outdoor plumbing, public water, a fenced courtyard, Flood Zone X designation, and a termite contract. The building qualifies for State and Federal Historic Tax Credits.
Key Highlights
- Café‑ready first floor with built‑in counter service, seating areas, pantry, and storage
- Three independent bedrooms and one full bathroom on the upper level
- Natural‑gas 60‑inch range with 6 burners, 24‑inch griddle, and 2 ovens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,685
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,700
$833.7K
Cap Rate 7%
$595,500
$595.5K
Cap Rate 9%
$463,167
$463.2K
Market Conditions
NOI Build-Up for 2,828 SF
Gross rent
$64.5K $22.80/SF
− Vacancy
−$8.9K −$3.15/SF
EGI
$55.6K $19.65/SF
− OpEx
−$13.9K −$4.91/SF
NOI
$41.7K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,700
Cap Rate 7%
$595,500
Cap Rate 9%
$463,167
Alternative Uses
Best Use
Office B
$595.5K
$521.1K – $694.8K
NOI $41,685 @ 7.0% cap · market cap 6.00%
Second Best
Specialty Retail
$570.1K
$498.9K – $665.2K
NOI $39,909 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$718.8K
$628.9K – $838.6K
NOI $50,315 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Orleans, LA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial-and-residential layout combines a café-ready ground floor with a three-bedroom upstairs apartment.
Where is this mixed-use property located?
The property is located at 4223 ST CLAUDE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Café‑ready first floor with built‑in counter service, seating areas, pantry, and storage; Three independent bedrooms and one full bathroom on the upper level; Natural‑gas 60‑inch range with 6 burners, 24‑inch griddle, and 2 ovens
