Updated Multi-Family Property For
4963-65 Camelia Street New Orleans, LA 70126
4963-65 Camelia Street, New Orleans, LA, 70126
$195,000
For Sale
$195,000
Well-maintained multi-family property with recent updates and tenant occupancy.
Property Size1,314 SF
Price / SF$148.40
Days on Market121
Property Features for 4963-65 Camelia Street
General Information
- Standard status
- Active
- Size
- 1,314 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing Agency
WEICHERT, REALTORS - LaBranch & Associates
(504) 333-2169
Listed by
Kevin Ard · License #995699121
(504) 333-2169
Source
Compass
Added: Mar 19 Checked: Jul 17 at 4:21 am
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 WEICHERT, REALTORS - LaBranch & Associates
Investment Insights
Based on property information with market context.
This is a well-maintained, solid brick multi-family property featuring a total of 4 bedrooms and 2 bathrooms. The property has been recently updated and remodeled. It includes off-street parking, washer and dryer hookups, and a private yard. The property is located in a quiet area and is currently tenant occupied with reasonable rental amounts. The property size is 1,314 square feet. This presents an opportunity for investors or owner occupants.
Key Highlights
- Solid brick multi‑family property
- Recently updated and remodeled
- Four bedrooms and two bathrooms
Local Financial Insights For Multifamily LT 5
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 | $16.9k | $12.84 |
| − Vacancy | −$1.5k | −$1.17 |
| EGI | $15.3k | $11.67 |
| − OpEx | −$4.6k | −$3.50 |
| NOI | $10.7k | $8.17 |
1,314 SF · lease $12.84/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$153.4K
$134.2K – $178.9K
NOI $10,736 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$147.8K
$129.4K – $172.5K
NOI $10,348 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$344.6K
$301.6K – $402.1K
NOI $24,125 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained multi-family property with recent updates and tenant occupancy.
Where is this duplex located?
The property is located at 4963-65 Camelia Street New Orleans, LA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Solid brick multi‑family property; Recently updated and remodeled; **Four bedrooms and two bathrooms**
