Renovated Quadplex with
For Sale
$699,000
Pending
7237 Regent St, New Orleans, LA 70124
Fully occupied multifamily property with updated interiors, varied unit layouts, and S-LC zoning.
Property Size3,844 SF
Days on Market78
Property Features for 7237 Regent St
General Information
Standard status
Pending
Size
3,844 SF
Property subtype
Multifamily
Zoning
S-LC
Listing Agency:
Bridgewater Realty Advisors
(504) 812-5330
Listed By:
Richard Romano · License #995714063
(504) 812-5330
Source:
Lacdb.resimplifi
Added: Jun 15
Changed: Aug 30
Last Checked: Aug 30 at 1:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bridgewater Realty Advisors
Investment Insights
Based on property information with market context.
This quadplex contains approximately 3,844 square feet and was originally built in 1996, with a substantial renovation completed in 2021. The four units offer one- to five-bedroom configurations and one- or two-bath layouts. Renovation work included flooring, interior and exterior paint, appliances, gutters, the stairwell, second-floor landing, and roof improvements.
The property is positioned in New Orleans’ Lakeview/West End area near the lake, marina, and restaurants. Lake Pontchartrain access, waterfront dining, boating, and other recreational amenities are nearby. The site includes eight parking spaces on a lot exceeding 7,000 square feet. S-LC zoning is identified in the property information, along with flexibility for commercial development.
The property is reported as 100% occupied and operated as a mid-term rental. Its unit mix accommodates a range of household sizes, while the 2021 updates address both interior finishes and major exterior components.
The property is positioned in New Orleans’ Lakeview/West End area near the lake, marina, and restaurants. Lake Pontchartrain access, waterfront dining, boating, and other recreational amenities are nearby. The site includes eight parking spaces on a lot exceeding 7,000 square feet. S-LC zoning is identified in the property information, along with flexibility for commercial development.
The property is reported as 100% occupied and operated as a mid-term rental. Its unit mix accommodates a range of household sizes, while the 2021 updates address both interior finishes and major exterior components.
Key Highlights
- Quadplex with approximately 3,844 square feet
- Built in 1996 and renovated in 2021
- Four units ranging from 1BR/1BA to 5BR/2BA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,500
$973.5K
Cap Rate 7%
$695,357
$695.4K
Cap Rate 9%
$540,833
$540.8K
Market Conditions
NOI Build-Up for 3,844 SF
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.
Gross rent
$76.1K $19.80/SF
− Vacancy
−$6.6K −$1.71/SF
EGI
$69.5K $18.09/SF
− OpEx
−$20.9K −$5.43/SF
NOI
$48.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,500
Cap Rate 7%
$695,357
Cap Rate 9%
$540,833
Alternative Uses
Best Use
Multifamily LT 5
$695.4K
$608.4K – $811.3K
NOI $48,675 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$639.1K
$559.3K – $745.7K
NOI $44,740 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$977.0K
$854.9K – $1.14M
NOI $68,391 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with updated interiors, varied unit layouts, and S-LC zoning.
Where is this quadplex located?
The property is located at 7237 Regent St New Orleans, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Quadplex with approximately 3,844 square feet; Built in 1996 and renovated in 2021; Four units ranging from 1BR/1BA to 5BR/2BA
