Brick Multifamily
For Sale
$189,000
4963 65 Camelia St, New Orleans, LA 70126
Updated interiors, laundry hookups, off-street parking, and a private yard support practical occupancy.
Property Size1,314 SF
Price / SF$143.84
Days on Market88
Property Features for 4963 65 Camelia St
General Information
Standard status
Active
Size
1,314 SF
Property subtype
Multi-Family
Amenities
off-street parking
washer and dryer hookups
private yard
Building Details
Year Built
1960
Construction
solid brick
Listing Agency:
WEICHERT, REALTORS - LaBranch & Associates
Listed By:
Kevin Ard · License #995699121
(504) 333-2169
Source:
Dominionplace
Added: Jul 10
Changed: Sep 8
Last Checked: Oct 4 at 11:38AM
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 brick multifamily property in New Orleans contains four bedrooms and two bathrooms. Remodeling has been completed, and the property includes washer and dryer hookups, off-street parking, and a private yard. Built in 1960, the asset combines a durable exterior with practical residential features.
The property is currently tenant occupied and located in a quiet area. Showings are available by appointment, with advance coordination required to avoid disrupting occupants. Its address is 4963 65 Camelia St, New Orleans, LA 70126.
The property is currently tenant occupied and located in a quiet area. Showings are available by appointment, with advance coordination required to avoid disrupting occupants. Its address is 4963 65 Camelia St, New Orleans, LA 70126.
Key Highlights
- Four bedrooms and two bathrooms
- Brick multifamily property built in 1960
- Recently updated and remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,736
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,720
$214.7K
Cap Rate 7%
$153,371
$153.4K
Cap Rate 9%
$119,289
$119.3K
Market Conditions
NOI Build-Up for 1,314 SF
Gross rent
$16.9K $12.84/SF
− Vacancy
−$1.5K −$1.17/SF
EGI
$15.3K $11.67/SF
− OpEx
−$4.6K −$3.50/SF
NOI
$10.7K $8.17/SF
Area
ZIP 70126
Vacancy
9.10%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,720
Cap Rate 7%
$153,371
Cap Rate 9%
$119,289
Alternative Uses
Best Use
Multifamily LT 5
$153.4K
$134.2K – $178.9K
NOI $10,736 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$147.8K
$129.4K – $172.5K
NOI $10,348 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$344.6K
$301.6K – $402.1K
NOI $24,125 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
202
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Updated interiors, laundry hookups, off-street parking, and a private yard support practical occupancy.
Where is this multifamily property located?
The property is located at 4963 65 Camelia St New Orleans, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Four bedrooms and two bathrooms; Brick multifamily property built in 1960; Recently updated and remodeled
