4-Unit
For Sale
$785,000
7026 S CLAIBORNE Avenue, New Orleans, LA 70125
Multifamily, New Orleans, LA
Property Size4,146 SF
Price / SF$189.34
Days on Market27
Property Features for 7026 S CLAIBORNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Bathrooms
7
Full bathrooms
5
Half bathrooms
3
Rooms
Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 4, Bathroom 8, Bedroom 5, Bathroom 3, Bathroom 7, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 9, Bedroom 10, Bedroom 2, Bathroom 6
Parking
3
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Lot features
Irregular Lot
Elementary school
Stuart Hall
Middle school
Willow, Dominican
High school
Ursuline
Directions
https://maps.app.goo.gl/jesZdchhCmmtsxqu9
Standard status
Active
APN
615311906
Size
4,146 SF
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
off-street parking
fenced rear yard
concrete patio
on-site laundry
Building Details
Year built
1930
Number of units
4
Building materials
Stucco
Architectural style
Spanish
Buildings
1
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Robyn H Schmitt · License #995687935
(504) 236-1144
Added: Sep 29
Changed: Oct 24
Last Checked: Oct 25 at 11:06AM
MLS# 2579009
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,146-square-foot quadplex at 7026 S Claiborne Avenue contains four apartments and dates to 1930. The Spanish-style building has stucco construction, covered porches at the ground-floor units, and sunrooms in the two upper apartments. Interior renovations in 2022 included kitchens with quartz counters and backsplashes, white cabinetry, breakfast bars, and stainless-steel appliances. Bathrooms were also renovated that year, and the roof, water heaters, and interior and exterior paint were updated.
The property includes a concrete driveway for tandem off-street parking, a fenced rear yard with a concrete patio, and a downstairs laundry and storage room equipped with two washing machines and two dryers. The sale is contingent on the buyer assuming the existing leases. Three apartments pay their own utilities; the fourth lease includes a utility allowance subject to a stated cap.
The property includes a concrete driveway for tandem off-street parking, a fenced rear yard with a concrete patio, and a downstairs laundry and storage room equipped with two washing machines and two dryers. The sale is contingent on the buyer assuming the existing leases. Three apartments pay their own utilities; the fourth lease includes a utility allowance subject to a stated cap.
Key Highlights
- Four‑apartment property totaling 4,146 square feet
- Built in 1930 with Spanish‑style architecture and stucco construction
- 2022 updates included apartment interiors, bathrooms, roof, water heaters, and interior and exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,499
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,980
$1.0M
Cap Rate 7%
$749,986
$750.0K
Cap Rate 9%
$583,322
$583.3K
Market Conditions
NOI Build-Up for 4,146 SF
Gross rent
$82.1K $19.80/SF
− Vacancy
−$7.1K −$1.71/SF
EGI
$75.0K $18.09/SF
− OpEx
−$22.5K −$5.43/SF
NOI
$52.5K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,980
Cap Rate 7%
$749,986
Cap Rate 9%
$583,322
Alternative Uses
Best Use
Multifamily LT 5
$750.0K
$656.2K – $875.0K
NOI $52,499 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$689.4K
$603.2K – $804.3K
NOI $48,255 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.05M
$922.1K – $1.23M
NOI $73,764 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature kitchens updated in 2022, and the upper apartments include sunrooms.
Where is this quadplex located?
The property is located at 7026 S CLAIBORNE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Four‑apartment property totaling 4,146 square feet; Built in 1930 with Spanish‑style architecture and stucco construction; 2022 updates included apartment interiors, bathrooms, roof, water heaters, and interior and exterior paint
