New Orleans Multifamily Investment
4318 ANNUNCIATION Street New Orleans, LA 70115
4318 ANNUNCIATION Street, New Orleans, LA, 70115
$590,000
For Sale
$590,000
MULTI_FAMILY - New Orleans, LA
Property Size3,068 SF
Lot Size0.10 Acres
Price / SF$192.31
Days on Market341
Property Features for 4318 ANNUNCIATION Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- APN
- 614103612
- Size
- 3,068 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- SQ 115 LOT 4 ANNUNCIATION 36X117 4318-20 ANNUNCIATION 36X117 4318-20 ANNUNCIATION 4-PLEX & 2 APTS IN REAR SQ 115 LOT 4 ANNUNCIATION FILE #83467 10/92 PART
Utilities
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 6
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agency
eXp Realty, LLC
(337) 522-7554
Listed by
Natashia Kennison
(337) 522-7554
Added: Aug 16, 2025 Updated: Jul 11 at 8:34AM Checked: Jul 22 at 9:06AM
MLS# 2517222
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.
Located steps away from Tipitina's, Rouses, and Magazine Street eateries and boutiques, this six-unit property presents a unique opportunity for buyers and investors looking to expand their portfolio. The property includes a 4-plex in the front and a 2-unit building in the rear. The complex features a large backyard, serving as a great outdoor common area. This centrally located, turn-key complex is on the parade route and convenient to the CBD and Tulane, Loyola, and Xavier Universities. The charm of the New Orleans historic shotgun can definitely be felt in the units. The property is situated on a lot of 0.0967 acres and has a property size of 3068 square feet.
Key Highlights
- Six‑unit property built in 1920 with a 4‑plex in the front and 2‑unit building in the rear
- Historic New Orleans shotgun‑style units
- Large backyard that can serve as an outdoor common area
Local 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 | $46.8k | $15.24 |
| − Vacancy | −$4.3k | −$1.39 |
| EGI | $42.5k | $13.85 |
| − OpEx | −$19.1k | −$6.23 |
| NOI | $23.4k | $7.62 |
3,068 SF · lease $15.24/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$333.9K
$292.2K – $389.6K
NOI $23,376 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$809.4K
$708.3K – $944.3K
NOI $56,660 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six-unit complex near Magazine Street, parade route, and universities.
Where is this apartment building located?
The property is located at 4318 ANNUNCIATION Street New Orleans, LA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Six‑unit property built in 1920 with a 4‑plex in the front and 2‑unit building in the rear; Historic New Orleans shotgun‑style units; Large backyard that can serve as an outdoor common area
