Renovated 12-Unit Apartment
For Sale
Contact for pricing
4425 Wilson Ave, New Orleans, LA 70126
Renovated apartment property with individually metered units, off-street parking, and C-1 zoning.
Property Size8,360 SF
Price / SF$119.62
Days on Market153
Property Features for 4425 Wilson Ave
General Information
Standard status
Active
Size
8,360 SF
Total Parking Spaces
16
Property subtype
Multifamily
Zoning
C-1
Occupancy
92%
Net Operating Income
$86,519
Units
Unit Mix
4 x 3BR/2BA, 8 x 2BR/1BA
Multifamily Units
12
Amenities
on-site laundry
Building Details
Year Renovated
2019
Buildings
2
Stories
2
Units
12
Listing Agency:
Bridgewater Realty Advisors
(504) 535-5680
Listed By:
Cameron Griffin · License #995696437
Source:
Crexi
Added: Apr 1
Changed: Aug 31
Last Checked: Aug 31 at 7:44PM
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
Investment Insights
Based on property information with market context.
This 12-unit apartment building contains approximately 8,360 square feet, with a unit mix of four three-bedroom, two-bath residences and eight two-bedroom, one-bath residences. In total, the property offers 28 bedrooms and 16 bathrooms, along with 16 off-street parking spaces and on-site laundry facilities.
Renovation work completed in 2019 included electrical, plumbing, roofing, and window systems. Each apartment is individually metered. The property has a reported 92% occupancy rate and is situated in New Orleans within Flood Zone X. C-1 zoning applies to the property.
Renovation work completed in 2019 included electrical, plumbing, roofing, and window systems. Each apartment is individually metered. The property has a reported 92% occupancy rate and is situated in New Orleans within Flood Zone X. C-1 zoning applies to the property.
Key Highlights
- 12‑unit apartment building 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 with 16 off‑street parking spaces
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
6.58%
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 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,490 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
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 apartment property with individually metered units, off-street parking, and C-1 zoning.
Where is this apartment building located?
The property is located at 4425 Wilson Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 12‑unit apartment building 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 with 16 off‑street parking spaces
