6-Unit Apartment
For Sale
$825,000
Pending
710 BURDETTE Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size5,655 SF
Days on Market572
Property Features for 710 BURDETTE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
8
Full bathrooms
7
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 8, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 9, Bedroom 10, Bathroom 6, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 11, Bathroom 7, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 1
Parking features
Off Street
Patio and Porch features
Porch
Standard status
Pending
APN
716105711
Size
5,655 SF
Additional Details
Individually Metered Utilities
unspecified utilities
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Number of units
6
Building materials
Frame, Stucco, Wood Siding
Architectural style
Other
Listing Agency:
The McEnery Company
(504) 274-2701
Listed By:
S. Parkerson P McEnery · License #995695203
(504) 510-2856
Added: Apr 1, 2025
Changed: Oct 24
Last Checked: Oct 24 at 4:06PM
MLS# 2494334
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 5,655-square-foot apartment property contains six units, with layouts spanning one-, two-, and three-bedroom configurations. Utilities are metered separately for each unit. The building also has a porch and off-street parking, with central heating and a combination of central air and window-unit cooling.
The property is at 710 Burdette Street in New Orleans, near Tulane and Loyola Universities. St. Charles Avenue and the Maple Street commercial corridor are also nearby, along with shopping, dining, and entertainment establishments.
The property is at 710 Burdette Street in New Orleans, near Tulane and Loyola Universities. St. Charles Avenue and the Maple Street commercial corridor are also nearby, along with shopping, dining, and entertainment establishments.
Key Highlights
- Six residential units in a 5,655‑square‑foot property
- One-, two-, and three‑bedroom layouts
- Utilities are separately metered for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,818
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,360
$1.3M
Cap Rate 7%
$940,257
$940.3K
Cap Rate 9%
$731,311
$731.3K
Market Conditions
NOI Build-Up for 5,655 SF
Gross rent
$131.6K $23.28/SF
− Vacancy
−$12.0K −$2.12/SF
EGI
$119.7K $21.16/SF
− OpEx
−$53.9K −$9.52/SF
NOI
$65.8K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,360
Cap Rate 7%
$940,257
Cap Rate 9%
$731,311
Alternative Uses
Best Use
Apartment 5plus
$940.3K
$822.7K – $1.10M
NOI $65,818 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,612 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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?
Apartment building - Unit layouts range from one to three bedrooms, with utilities metered separately.
Where is this apartment building located?
The property is located at 710 BURDETTE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Six residential units in a 5,655‑square‑foot property; One-, two-, and three‑bedroom layouts; Utilities are separately metered for each unit
