Historic Multifamily
4317-4319 South Carrollton Avenue New Orleans, LA 70119
For Sale
$489,000
Historic New Orleans multifamily property with preserved character and easy access to major highways and public transportation.
Property Size2,184 SF
Price / SF$223.90
Days on Market566
Property Features for 4317-4319 South Carrollton Avenue
General Information
- Standard status
- Active
- Size
- 2,184 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1909
Listing Agency:
Compass
(504) 453-7433
Listed By:
Yolanda Smith-Butler · License #000070841
(504) 453-7433
Source:
Compass
Added: Jan 4, 2025
Changed: Jul 21
Last Checked: Jul 23 at 10:54AM
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 Compass
Investment Insights
Based on property information with market context.
Offered for sale with an incentive of up to $10,000 toward closing costs and/or a rate buy-down, this historic multifamily property at 4317-4319 South Carrollton Avenue is described as meticulously preserved and reflective of New Orleans’ architectural heritage. The property totals 2,184 square feet.
The location is presented as highly convenient, with nearby dining, shopping, and entertainment options, and references to Audubon Park and the historic Carrollton Avenue corridor. The remarks also indicate easy access to major highways and public transportation for commuting to downtown or other parts of the city.
Schedule a showing to review the property’s condition and confirm details for your financing and operating plans.
The location is presented as highly convenient, with nearby dining, shopping, and entertainment options, and references to Audubon Park and the historic Carrollton Avenue corridor. The remarks also indicate easy access to major highways and public transportation for commuting to downtown or other parts of the city.
Schedule a showing to review the property’s condition and confirm details for your financing and operating plans.
Key Highlights
- Historic 2‑story multifamily built in 1909 with brick and wood siding construction
- 6 total bedrooms and 2 full bathrooms
- Interior includes window unit cooling and “Other Heat” heating
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.8k | $23.28 |
| − Vacancy | −$4.6k | −$2.12 |
| EGI | $46.2k | $21.16 |
| − OpEx | −$20.8k | −$9.52 |
| NOI | $25.4k | $11.64 |
2,184 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$363.1K
$317.7K – $423.7K
NOI $25,419 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$571.5K
$500.1K – $666.7K
NOI $40,004 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Historic New Orleans multifamily property with preserved character and easy access to major highways and public transportation.
Where is this multifamily property located?
The property is located at 4317-4319 South Carrollton Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Historic 2‑story multifamily built in 1909 with brick and wood siding construction; 6 total bedrooms and 2 full bathrooms; Interior includes window unit cooling and “Other Heat” heating
