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    Mixed-Use Building with Storefront Title is generated by Realmo AI

    4705 IBERVILLE Street, New Orleans, LA 70119

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    For Sale
    $425,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    2,309 SF
    Price / SF:
    $184/SF
    Added:
    May 14, 2026
    Days on Market:
    30
    Last Refresh:
    Jun 12 at 12:06 am

    Property Features for 4705 IBERVILLE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    206210302
    Size
    2,309 SF

    Taxes and HOA fees

    Tax Description
    SQ 611 LOT 2 IBERVILLE 31X120 4705-07 IBERVILLE ST

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1908
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle, Metal

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    Listing Contact
    Aaron Dare

    Listing agent Aaron Dare License #995681183

    Listing office Crane Realtors 138 N Cortez Street, New Orleans, LA

    Listing date May 14, 2026

    MLS# 2558084 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use building built in 1908 with central heating and central air
    • Commercial unit (4705) with large picture windows and storefront layout suitable for office or retail uses
    • Commercial side includes new luxury vinyl plank flooring and bright, open interior with excellent ceiling height
    • Adjacent residential unit (4707): 2‑bedroom, 1‑bath shotgun plan with open living and dining at the front
    • Residential unit features high ceilings, lots of natural light, and refinished original hardwood floors
    • Public water supply; roof includes shingle and metal

    Overview

    This mixed-use building combines a commercial unit and an attached residential unit under one roof. The commercial side at 4705 has a clean exterior with large picture windows and a bright, open interior with high ceilings and new luxury vinyl plank flooring, supporting office, retail, or other neighborhood commercial uses. The residential unit at 4707 is a 2-bedroom, 1-bath shotgun plan with the kitchen and living area at the front, bathroom in the middle, and rooms plus laundry toward the rear. It features high ceilings, lots of natural light, an open living and dining layout, and refinished original hardwood floors.

    Located in Mid-City, the property is one block off Canal Street, with quick access to I-10. It is near dining and shopping and within the Canal, Carrollton, and Bienville corridors that include the streetcar line, supporting convenient access for residents and storefront customers.

    For buyers and tenants seeking flexibility, the layout allows for occupation of one unit while using the other for residential or commercial income. The commercial storefront’s visibility-focused window frontage and open floor plan can accommodate a range of neighborhood services, while the residential unit provides a dedicated living space with established interior character and a straightforward, functional room sequence.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $53.2k $23.04
    − Vacancy −$1.1k −$0.46
    EGI $52.1k $22.58
    − OpEx −$15.6k −$6.77
    NOI $36.5k $15.81
    2,309 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $521.4K
    $456.2K – $608.3K (±1% cap)
    NOI $36,495 @ 7.0% cap · market cap 8.59%
    Second Best
    Office B
    $489.8K
    $428.6K – $571.5K (±1% cap)
    NOI $34,289 @ 7.0% cap · market cap 8.07%
    Theoretical Best
    Office A
    $604.2K
    $528.7K – $704.9K (±1% cap)
    NOI $42,293 @ 7.0% cap · market cap 9.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.106049
    Latitude
    29.979994

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with a bright storefront and adjacent 2-bedroom shotgun residence, offering flexible leasing options.
    Where is this mixed-use property located?
    The property is located at 4705 IBERVILLE Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Mixed‑use building built in 1908 with central heating and central air; Commercial unit (4705) with large picture windows and storefront layout suitable for office or retail uses; Commercial side includes new luxury vinyl plank flooring and bright, open interior with excellent ceiling height
    More about this property
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