12-Unit Apartment
For Sale
$945,000
4415-35 Wilson Avenue, New Orleans, LA 70126
Renovated multifamily property with individually metered units, on-site laundry, and off-street parking.
Property Size8,360 SF
Price / SF$113.04
Days on Market220
Property Features for 4415-35 Wilson Avenue
General Information
Standard status
Active
Size
8,360 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
Central Air
Central
2
16
28
on site
Asphalt
Slab: Traditional
Brick, Stucco
Building Details
Year Built
2017
Listing Agency:
Bridgewater Realty Advisors, LLC
Listed By:
Cameron Griffin · License #995696437
(504) 535-5680
Source:
Compass
Added: Mar 14
Changed: Oct 11
Last Checked: Oct 19 at 8:58AM
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 Bridgewater Realty Advisors, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12-unit apartment property at 4415-35 Wilson Avenue includes 28 bedrooms and 16 bathrooms across a mix of four 3-bedroom/2-bath residences and eight 2-bedroom/1-bath residences. The approximately 8,360-square-foot building was renovated in 2019 with updates to electrical, plumbing, roofing, and windows. Each residence is individually metered, and the property includes on-site laundry and 16 off-street parking spaces.
The property is in New Orleans and is situated in Flood Zone X. Current occupancy is 92%. The building was constructed in 2017, providing a relatively recent asset with documented system improvements and a defined unit mix.
The property is in New Orleans and is situated in Flood Zone X. Current occupancy is 92%. The building was constructed in 2017, providing a relatively recent asset with documented system improvements and a defined unit mix.
Key Highlights
- 12‑unit apartment property with 28 bedrooms and 16 bathrooms
- Unit mix includes four 3‑bedroom/2‑bath units and eight 2‑bedroom/1‑bath units
- Approximately 8,360 square feet, renovated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,839
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,780
$1.3M
Cap Rate 7%
$940,557
$940.6K
Cap Rate 9%
$731,544
$731.5K
Market Conditions
NOI Build-Up for 8,360 SF
Gross rent
$129.4K $15.48/SF
− Vacancy
−$9.7K −$1.16/SF
EGI
$119.7K $14.32/SF
− OpEx
−$53.9K −$6.44/SF
NOI
$65.8K $7.88/SF
Area
ZIP 70126
Vacancy
7.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,780
Cap Rate 7%
$940,557
Cap Rate 9%
$731,544
Alternative Uses
Best Use
Apartment 5plus
$940.6K
$823.0K – $1.10M
NOI $65,839 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,490 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with individually metered units, on-site laundry, and off-street parking.
Where is this apartment building located?
The property is located at 4415-35 Wilson Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 12‑unit apartment property with 28 bedrooms and 16 bathrooms; Unit mix includes four 3‑bedroom/2‑bath units and eight 2‑bedroom/1‑bath units; Approximately 8,360 square feet, renovated in 2019
