4-Unit Spanish Apartment
For Sale
$785,000
7026 S CLAIBORNE Avenue, New Orleans, LA 70125
Multi-Family, Spanish, New Orleans, LA
Property Size4,146 SF
Price / SF$189.34
Days on Market8
Property Features for 7026 S CLAIBORNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Irregular
Subdivision
Uptown
Standard status
Active
APN
615311906
Size
4,146 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered arched front porches
sunrooms
off-street parking
fully fenced rear yard with concrete patio
on-site laundry
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Roof type
Shingle
Architectural style
Spanish
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Robyn Schmitt · License #995687935
(504) 236-1144
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 6 at 12:06AM
MLS# 2579009
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.
Investment Insights
Based on property information with market context.
Built in 1930, this Spanish-style multifamily property contains four apartments across 4,146 square feet. Interior work completed in 2022 included kitchen and bathroom updates, while the building also received a new roof, water heaters, and interior and exterior paint that year. The apartments feature quartz kitchen surfaces, white cabinetry, stainless steel appliances, and wood floors. Upper units include sunrooms.
A driveway runs along the building and provides tandem parking. The rear yard is fenced and includes a concrete patio. A ground-floor laundry and storage room has two washers and two dryers. The sale is contingent on the buyer assuming the existing leases.
A driveway runs along the building and provides tandem parking. The rear yard is fenced and includes a concrete patio. A ground-floor laundry and storage room has two washers and two dryers. The sale is contingent on the buyer assuming the existing leases.
Key Highlights
- Four apartments in a 4,146‑square‑foot building
- 2022 updates included apartment interiors, roof, water heaters, and interior and exterior paint
- Quartz kitchen surfaces, stainless steel appliances, and wood floors in the apartments
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
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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?
Quadplex - Four residences share an on-site laundry room, fenced rear yard, and off-street driveway parking.
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 apartments in a 4,146‑square‑foot building; 2022 updates included apartment interiors, roof, water heaters, and interior and exterior paint; Quartz kitchen surfaces, stainless steel appliances, and wood floors in the apartments
