Four-Unit Multifamily
For Sale
$475,000
4616 18 Conti Street, New Orleans, LA 70119
Shared laundry, included appliances, and a recently added deck serve the four-unit property.
Property Size3,200 SF
Price / SF$148.44
Days on Market66
Property Features for 4616 18 Conti Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Mid-City
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Amenities
private laundry room
composite deck
Porch
Building Details
Building Size
3,200 SF
Year Built
1964
Stories
2
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Aug 20
Changed: Oct 23
Last Checked: Oct 23 at 4:14PM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
This 3,200-square-foot multifamily property contains four units and includes a private laundry room shared by all residents. Refrigerators, stoves, and window units are included. Recent work includes interior painting and a new architectural roof installed in 2025. A composite backyard deck with steps adds outdoor space.
Two tenants have long-term occupancy, while a couple of leases are month-to-month. The property is in Flood Zone X. Street parking is available, with space for 3–4 cars on one side. Grocery stores and eateries are within walking distance.
Two tenants have long-term occupancy, while a couple of leases are month-to-month. The property is in Flood Zone X. Street parking is available, with space for 3–4 cars on one side. Grocery stores and eateries are within walking distance.
Key Highlights
- Four‑unit multifamily property
- 3,200 square feet
- Architectural roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,520
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,400
$810.4K
Cap Rate 7%
$578,857
$578.9K
Cap Rate 9%
$450,222
$450.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$63.4K $19.80/SF
− Vacancy
−$5.5K −$1.71/SF
EGI
$57.9K $18.09/SF
− OpEx
−$17.4K −$5.43/SF
NOI
$40.5K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,400
Cap Rate 7%
$578,857
Cap Rate 9%
$450,222
Alternative Uses
Best Use
Multifamily LT 5
$578.9K
$506.5K – $675.3K
NOI $40,520 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$532.1K
$465.6K – $620.7K
NOI $37,244 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$837.3K
$732.7K – $976.9K
NOI $58,614 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Shared laundry, included appliances, and a recently added deck serve the four-unit property.
Where is this quadplex located?
The property is located at 4616 18 Conti Street New Orleans, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 3,200 square feet; Architectural roof installed in 2025
