Updated Multi-Family Property For
4963-65 Camelia Street New Orleans, LA 70126
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 Market132
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
Changed: Jul 10
Last Checked: Jul 27 at 10:44AM
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
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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**
