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$113.04
Days on Market200
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
Listed By:
Cameron Griffin · License #995696437
(504) 535-5680
Source:
Crexi
Added: Apr 1
Changed: Oct 10
Last Checked: Oct 16 at 8:53AM
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
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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 / 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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 $945,000.
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
