10-Unit Apartment
For Sale
$795,000
4300 N Prieur Street, New Orleans, LA 70117
A varied apartment mix is complemented by range/ovens in every unit and several building improvements.
Property Size4,398 SF
Price / SF$180.76
Days on Market12
Property Features for 4300 N Prieur Street
General Information
Standard status
Active
Size
4,398 SF
Property subtype
Commercial
Zoning
HI
Occupancy
100%
Site & Location
Neighborhood
St. Claude
Highway Access
Yes
Units
Unit Mix
6 x 2BR/1BA, 2 x 1BR/1BA, 2 x efficiency
Multifamily Units
10
Additional Details
Gross Income
$88,200
Tenant in Place
Yes
Building Details
Building Size
4,398 SF
Year Built
1981
Stories
2
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Miller · License #995687438
(504) 250-0059
Source:
Cypresskeyrealty
Added: Oct 14
Changed: Oct 23
Last Checked: Oct 23 at 5:39PM
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 Amanda Miller Realty, LLC
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Investment Insights
Based on property information with market context.
This 4,398-square-foot apartment property, built in 1981, contains 10 units: six two-bedroom, one-bath apartments, two one-bedroom, one-bath apartments, and two efficiencies. Each unit has a range/oven. Building features include a metal roof, ceramic tile flooring throughout, an insulated attic with cellulose insulation, newer windows, updated siding, and doors with capped frames and updated weatherstripping. The property is fully occupied and zoned HI (Heavy Industrial).
Located on N Prieur Street in New Orleans, the property offers access to I-10. The French Quarter and Downtown New Orleans are approximately 15 minutes away, and Louis Armstrong New Orleans International Airport is approximately 20 minutes away.
Located on N Prieur Street in New Orleans, the property offers access to I-10. The French Quarter and Downtown New Orleans are approximately 15 minutes away, and Louis Armstrong New Orleans International Airport is approximately 20 minutes away.
Key Highlights
- 10 apartments: six 2‑bedroom, 1‑bath units, two 1‑bedroom, 1‑bath units, and two efficiencies
- 4,398 square feet; built in 1981
- Each apartment includes a range/oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,188
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,760
$1.0M
Cap Rate 7%
$731,257
$731.3K
Cap Rate 9%
$568,756
$568.8K
Market Conditions
NOI Build-Up for 4,398 SF
Gross rent
$102.4K $23.28/SF
− Vacancy
−$9.3K −$2.12/SF
EGI
$93.1K $21.16/SF
− OpEx
−$41.9K −$9.52/SF
NOI
$51.2K $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%
$1,023,760
Cap Rate 7%
$731,257
Cap Rate 9%
$568,756
Alternative Uses
Best Use
Apartment 5plus
$731.3K
$639.9K – $853.1K
NOI $51,188 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$978.1K – $1.30M
NOI $78,248 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
497
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix is complemented by range/ovens in every unit and several building improvements.
Where is this apartment building located?
The property is located at 4300 N Prieur Street New Orleans, LA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 10 apartments: six 2‑bedroom, 1‑bath units, two 1‑bedroom, 1‑bath units, and two efficiencies; 4,398 square feet; built in 1981; Each apartment includes a range/oven
