641 S SALCEDO Street, New Orleans, LA 70119
- Added:
- Apr 15, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 12 at 9:06 am
Property Features for 641 S SALCEDO Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU
- Parking features
- Driveway, Off Street
- Standard status
- Active
- APN
- 421-SSALCEDOST
- Size
- 1,005 SF
Taxes and HOA fees
- Tax Description
- SQ 652 LOT C OR PT LOTS 1 2SALCEDO 27 3X58 8
Utilities
- Water source
- Public
Building Details
- Year built
- 1943
- Floors in Building
- 1
Listing agent Cassondra Larsen License #000028198 (504) 669-8822
Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA (504) 455-0100
Listing date Apr 15, 2026
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
- Commercial‑zoned property operating as a short‑term rental with documented income history and professional management in place
- 3‑bedroom, 1‑bath home updated with major improvements completed approximately 5 years ago, including roof and HVAC
- Energy‑efficient windows
- Off‑street parking plus driveway parking
- Public water source
- Year built: 1943
Overview
Local Financial Insights For Apartment 5plus
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 | $23.4k | $23.28 |
| − Vacancy | −$2.1k | −$2.12 |
| EGI | $21.3k | $21.16 |
| − OpEx | −$9.6k | −$9.52 |
| NOI | $11.7k | $11.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0961061
- Latitude
- 29.9631594