Maintained Quadplex with Updated
For Sale
$619,000
709-711 GENERAL PERSHING Street, New Orleans, LA 70115
Multi-Family, Traditional, New Orleans, LA
Property Size3,991 SF
Price / SF$155.10
Days on Market211
Property Features for 709-711 GENERAL PERSHING Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Window Screens
Lot features
Regular
Subdivision
East Riverside
Standard status
Active
APN
Sq 172
Size
3,991 SF
Taxes and HOA fees
Tax Description
Sq 172, Lot Y, HU-RD 2
Legal Description
Sq 172, Lot Y, HU-RD 2
Utilities
Cooling system
Window Unit(s)
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1940
Floors in Building
2
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Immobilia
(504) 405-3211
Listed By:
Debra Scott · License #11385
(504) 723-6804
Added: Mar 20
Changed: Sep 5
Last Checked: Oct 16 at 2:06AM
MLS# 2547893
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.
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Investment Insights
Based on property information with market context.
Built in 1940, this 3,991-square-foot quadplex contains four apartments of approximately 1,000 square feet each. The units share a consistent layout with separate bedrooms and wood flooring. The stucco exterior and concrete walls provide a durable building envelope, while replaced windows and updated electrical and plumbing systems support the property's ongoing operation.
Kitchens and bathrooms were rehabilitated in 2010. Each apartment uses multiple combination heating and air-conditioning units. A rear shed adds storage along with two laundry rooms designated for tenant use. The property is served by public water and has a shingle roof. It is located at 709-711 General Pershing Street in New Orleans, LA 70115.
Kitchens and bathrooms were rehabilitated in 2010. Each apartment uses multiple combination heating and air-conditioning units. A rear shed adds storage along with two laundry rooms designated for tenant use. The property is served by public water and has a shingle roof. It is located at 709-711 General Pershing Street in New Orleans, LA 70115.
Key Highlights
- Four apartments, each approximately 1,000 square feet
- 3,991‑square‑foot quadplex built in 1940
- Kitchens and bathrooms rehabilitated in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,303
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,060
$686.1K
Cap Rate 7%
$490,043
$490.0K
Cap Rate 9%
$381,144
$381.1K
Market Conditions
NOI Build-Up for 3,991 SF
Gross rent
$53.6K $13.44/SF
− Vacancy
−$4.6K −$1.16/SF
EGI
$49.0K $12.28/SF
− OpEx
−$14.7K −$3.68/SF
NOI
$34.3K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,060
Cap Rate 7%
$490,043
Cap Rate 9%
$381,144
Alternative Uses
Best Use
Multifamily LT 5
$490.0K
$428.8K – $571.7K
NOI $34,303 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$434.4K
$380.1K – $506.8K
NOI $30,408 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.05M
$921.3K – $1.23M
NOI $73,706 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer separate bedrooms, wood flooring, and shared laundry and rear storage access.
Where is this quadplex located?
The property is located at 709-711 GENERAL PERSHING Street New Orleans, LA.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Four apartments, each approximately 1,000 square feet; 3,991‑square‑foot quadplex built in 1940; Kitchens and bathrooms rehabilitated in 2010
