Well-Maintained 4plex Income
709-711 GENERAL PERSHING Street New Orleans, LA 70115
709-711 GENERAL PERSHING Street, New Orleans, LA, 70115
$650,000
For Sale
$650,000
MULTI_FAMILY - New Orleans, LA
Property Size3,991 SF
Price / SF$162.87
Days on Market119
Property Features for 709-711 GENERAL PERSHING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Window Screens
- Standard status
- Active
- APN
- Sq 172
- Size
- 3,991 SF
Taxes and HOA fees
- Tax Description
- Sq 172, Lot Y, HU-RD 2
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
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
3445 N Causeway Blvd PH 1005, Mandeville, LA
Listed by
Debra Scott · License #11385
(504) 228-6399
Added: Mar 20 Checked: Jul 16 at 3:06 pm
MLS# 2547893
Listing URL
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.
Solid four-unit multifamily property at 709-711 General Pershing Street, New Orleans, LA 70115. The building features four identical apartments with large separate bedrooms and wood floors throughout. Updates include replaced windows and electrical and plumbing improvements, with kitchens and baths rehabbed in 2010. The exterior is stucco with concrete walls and no siding, designed for low-maintenance upkeep.
Each unit is served by multiple combo heat/AC units. A shed in the rear provides additional tenant storage and includes two laundry rooms for tenant use.
Overall, this is a maintained 4plex configuration offering spacious apartment layouts with in-unit climate systems and shared laundry/storage support at the rear of the property.
Each unit is served by multiple combo heat/AC units. A shed in the rear provides additional tenant storage and includes two laundry rooms for tenant use.
Overall, this is a maintained 4plex configuration offering spacious apartment layouts with in-unit climate systems and shared laundry/storage support at the rear of the property.
Key Highlights
- Solid 4‑plex built in 1940 with stucco exterior and concrete walls for low maintenance
- 4 identical apartments, each approximately 1,000 SF, with large separate bedrooms
- Wood floors throughout the units
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 | $53.6k | $13.44 |
| − Vacancy | −$4.6k | −$1.16 |
| EGI | $49.0k | $12.28 |
| − OpEx | −$14.7k | −$3.68 |
| NOI | $34.3k | $8.60 |
3,991 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$490.0K
$428.8K – $571.7K
NOI $34,303 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$434.4K
$380.1K – $506.8K
NOI $30,408 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.05M
$921.3K – $1.23M
NOI $73,706 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Solid 4plex with four identical units, wood floors, and updated electrical and plumbing.
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 $650,000.
What are key features of this property?
This property features: Solid 4‑plex built in 1940 with stucco exterior and concrete walls for low maintenance; 4 identical apartments, each approximately 1,000 SF, with large separate bedrooms; Wood floors throughout the units
