10-Unit Apartment
New
For Sale
$795,000
4300 N PRIEUR Street, New Orleans, LA 70117
Commercial, New Orleans, LA
Property Size4,398 SF
Lot Size0.15 Acres
Price / SF$180.76
Days on Market2
Property Features for 4300 N PRIEUR Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HI
Parking features
Off Street
Lot features
Irregular
Standard status
Active
APN
39W412806
Size
4,398 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
SQ 855 LOT C 75/0 X 182/124-8-44 2/ST C/BLOCK 7/APTS
Legal Description
SQ 855 LOT C 75/0 X 182/124-8-44 2/ST C/BLOCK 7/APTS
Utilities
Water source
Public
Building Details
Year built
1981
Floors in Building
2
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Miller · License #995687438
(504) 250-0059
Added: Oct 14
Last Checked: Oct 15 at 10:06PM
MLS# 2581570
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.
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Investment Insights
Based on property information with market context.
This 10-unit apartment property contains 4,398 square feet, with six two-bedroom, one-bath apartments, two one-bedroom, one-bath apartments, and two efficiency units. Range/ovens are provided in every apartment. Building features include a metal roof, ceramic tile flooring, an insulated attic with cellulose insulation, newer windows, replacement siding, and doors with updated weatherstripping. The property was built in 1981 and has off-street parking and public water service. Zoning is HI (Heavy Industrial).
The 0.1533-acre property is in New Orleans, with access to I-10. The French Quarter and Downtown New Orleans are approximately 15 minutes away, while Louis Armstrong New Orleans International Airport is about 20 minutes away.
The 0.1533-acre property is in New Orleans, with access to I-10. The French Quarter and Downtown New Orleans are approximately 15 minutes away, while Louis Armstrong New Orleans International Airport is about 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 on a 0.1533‑acre lot
- HI (Heavy Industrial) zoning
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
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix is paired with unit-level range/ovens and recent exterior and window 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 on a 0.1533‑acre lot; HI (Heavy Industrial) zoning
