Three-Bedroom Multifamily
For Sale
$259,900
4550 52 Francis Dr, New Orleans, LA 70126
Each residence has two bathrooms and carpet-free floors.
Property Size2,622 SF
Price / SF$99.12
Days on Market36
Property Features for 4550 52 Francis Dr
General Information
Standard status
Active
Size
2,622 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Pines Village
Public Transit
Yes
Building Details
Year Built
2016
Listing Agency:
Boyd Realtors, LLC
Listed By:
Kristen Young-Boyd, Delisha Boyd
Source:
Dominionplace
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 7 at 3:16PM
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 Boyd Realtors, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2016, this multifamily property has residences with three-bedroom, two-bathroom layouts. Flooring throughout the units is carpet-free, a practical feature for ongoing maintenance.
The property is located at 4550 52 Francis Dr in New Orleans. Bus service is nearby.
The property is located at 4550 52 Francis Dr in New Orleans. Bus service is nearby.
Key Highlights
- Three‑bedroom, two‑bathroom layout in each residence
- Carpet‑free flooring throughout the units
- Built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,649
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,980
$413.0K
Cap Rate 7%
$294,986
$295.0K
Cap Rate 9%
$229,433
$229.4K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$40.6K $15.48/SF
− Vacancy
−$3.0K −$1.16/SF
EGI
$37.5K $14.32/SF
− OpEx
−$16.9K −$6.44/SF
NOI
$20.6K $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%
$412,980
Cap Rate 7%
$294,986
Cap Rate 9%
$229,433
Alternative Uses
Best Use
Apartment 5plus
$295.0K
$258.1K – $344.2K
NOI $20,649 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$687.7K
$601.8K – $802.3K
NOI $48,140 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
362
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?
Multifamily property - Each residence has two bathrooms and carpet-free floors.
Where is this multifamily property located?
The property is located at 4550 52 Francis Dr New Orleans, LA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom layout in each residence; Carpet‑free flooring throughout the units; Built in 2016
