Four-Unit Quadplex with Shared
4909 Carondelet Street, New Orleans, LA 70115
For Sale
$785,000
Each residence contains two bedrooms and one bathroom, with original wood flooring.
Property Size5,020 SF
Price / SF$156.37
Days on Market32
Property Features for 4909 Carondelet Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
shared yard
storage
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
REMAX N.O. Properties
(504) 866-7733
Listed By:
Haj Langford · License #000028636
(504) 261-0282
Source:
Donaldjulienrealestate
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 7:04PM
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 REMAX N.O. Properties
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Investment Insights
Based on property information with market context.
This four-unit residential property at 4909 Carondelet Street contains four two-bedroom, one-bathroom residences. Original wood floors, a shared yard and storage space beneath the building are among its features. The roof was replaced in 2025, and a wood termite contract is in place. The property is in an X flood zone.
The address is five blocks from a Mardi Gras parade route and within walking distance of St. Charles Avenue and a streetcar connection to the French Quarter.
The address is five blocks from a Mardi Gras parade route and within walking distance of St. Charles Avenue and a streetcar connection to the French Quarter.
Key Highlights
- Four residences, each with 2 bedrooms and 1 bathroom
- Shared yard and storage beneath the building
- Roof replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,148
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,960
$863.0K
Cap Rate 7%
$616,400
$616.4K
Cap Rate 9%
$479,422
$479.4K
Market Conditions
NOI Build-Up for 5,020 SF
Gross rent
$67.5K $13.44/SF
− Vacancy
−$5.8K −$1.16/SF
EGI
$61.6K $12.28/SF
− OpEx
−$18.5K −$3.68/SF
NOI
$43.1K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,960
Cap Rate 7%
$616,400
Cap Rate 9%
$479,422
Alternative Uses
Best Use
Multifamily LT 5
$616.4K
$539.4K – $719.1K
NOI $43,148 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$546.4K
$478.1K – $637.5K
NOI $38,249 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,709 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,867
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in New Orleans, LA
Properties on Market for Quadplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence contains two bedrooms and one bathroom, with original wood flooring.
Where is this quadplex located?
The property is located at 4909 Carondelet Street New Orleans, LA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 1 bathroom; Shared yard and storage beneath the building; Roof replaced in 2025
