7018 S CLAIBORNE Avenue, New Orleans, LA 70118
- Added:
- May 11, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 7 at 8:06 am
Property Features for 7018 S CLAIBORNE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch Screened In
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 7018-SCLAIBORNEAV
- Size
- 3,593 SF
Taxes and HOA fees
- Tax Description
- BURTHEVILLE AUD BLV US SQ D LOT B S CLAIBORNE 42 OVER 52X97 OVER 128 S-RAISED
Utilities
- Heating system
- Central, Ductless (Heating), Other (Heating)
- Cooling system
- Central Air, Ductless, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1933
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Katherine Bosio (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date May 11, 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
- Furnished triplex built in 1933 with off‑street parking and a driveway
- Recent improvements include front exterior paint, interior cosmetic updates, and new flooring throughout most of the building
- 2021 roof replacement plus asphalt shingle roofing
- Unit amenities include a spacious sunroom off the top unit and built‑in bookshelves
- Outdoor space features a rear covered patio with bonus storage, screened‑in porch, and fenced yard
- Public water service; heating includes ductless, central, and other heating; cooling includes central air and wall and ductless units
Overview
Located in Uptown at 7018 S Claiborne Avenue in New Orleans, the property is described as being just steps from Tulane and Loyola Universities. Recent improvements include front exterior paint, interior cosmetic updates, new flooring throughout most of the building, and a roof replacement completed in 2021.
With one unit available now, this offering can support different ownership strategies, including an investor seeking to add a maintained, income-producing property to a portfolio or an owner-occupant looking to live in one unit while generating rental income from the others. The combination of outdoor space, covered patio storage, and updated interior finishes may appeal to tenants who want both comfort and practicality, particularly in a student-oriented location.
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 | $71.1k | $19.80 |
| − Vacancy | −$6.1k | −$1.71 |
| EGI | $65.0k | $18.09 |
| − OpEx | −$19.5k | −$5.43 |
| NOI | $45.5k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.115635
- Latitude
- 29.949257
