4-Unit Apartment
For Sale
$619,000
709-711 GENERAL PERSHING Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size3,991 SF
Price / SF$155.10
Days on Market218
Property Features for 709-711 GENERAL PERSHING Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Directions
google maps
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
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
storage
laundry rooms
Building Details
Year built
1940
Number of units
4
Building materials
Shake Siding, Stucco
Architectural style
Other
Listing Agency:
Realty One Group Immobilia
(504) 405-3211
Listed By:
Debra A Scott · License #000011385
(504) 723-6804
Added: Mar 20
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2547893
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.
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Investment Insights
Based on property information with market context.
This 3,991-square-foot apartment property contains four matching units, each approximately 1,000 square feet. The apartments have separate bedrooms and wood floors, with combination heat and AC units in each. Windows have been replaced, electrical and plumbing systems updated, and kitchens and bathrooms renovated in 2010. The stucco exterior and concrete walls are also noted among the building’s features.
A rear shed provides extra storage and houses two laundry rooms for tenant use. The property was built in 1940 and connects to public water and sewer.
A rear shed provides extra storage and houses two laundry rooms for tenant use. The property was built in 1940 and connects to public water and sewer.
Key Highlights
- Four apartments, each approximately 1,000 square feet
- 3,991‑square‑foot building constructed in 1940
- Apartments include separate bedrooms and wood floors
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,537
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching apartments feature separate bedrooms, wood flooring, and individual combination heating and cooling units.
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 building constructed in 1940; Apartments include separate bedrooms and wood floors
