10-Unit Apartment
New
For Sale
$795,000
4300 N PRIEUR Street, New Orleans, LA 70117
Multi-Family, Traditional, New Orleans, LA
Property Size4,398 SF
Lot Size0.15 Acres
Price / SF$180.76
Days on Market1
Property Features for 4300 N PRIEUR Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
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
Number of units
10
Roof type
Metal
Architectural style
Other
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Miller
(504) 250-0059
Added: Oct 19
Last Checked: Oct 19 at 5:06PM
MLS# 2582192
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.
The 4,398-square-foot apartment property contains ten units: six two-bedroom, one-bath apartments, two one-bedroom, one-bath apartments, and two efficiency units. Each unit has a range/oven. The building, constructed in 1981, has a metal roof, ceramic tile flooring, newer windows, and new siding. Its attic is insulated with cellulose, and the doors have updated weatherstripping. The property occupies 0.15 acres, has off-street parking, and receives public water. Zoning is HI (Heavy Industrial).
The property offers 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 property offers 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‑unit property with all units occupied
- 4,398 square feet on a 0.15‑acre lot
- Six 2‑bedroom, 1‑bath units; two 1‑bedroom, 1‑bath units; and two efficiency apartments
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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Open Analytics
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 - All ten residences are occupied, with a mix of efficiency, one-bedroom, and two-bedroom layouts.
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‑unit property with all units occupied; 4,398 square feet on a 0.15‑acre lot; Six 2‑bedroom, 1‑bath units; two 1‑bedroom, 1‑bath units; and two efficiency apartments
