12-Unit Apartment
For Sale
$965,000
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$115.43
Days on Market211
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: Feb 4
Changed: Sep 3
Last Checked: Sep 2 at 11:31PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,839
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,490 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $965,000.
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
