Four-Unit Residential Income
7617-19 Hurst Street New Orleans, LA 70118
For Sale
$650,000
Four separately metered 1-bedroom apartments are split across two duplex buildings on a single lot.
Property Size2,795 SF
Price / SF$232.56
Days on Market76
Property Features for 7617-19 Hurst Street
General Information
- Standard status
- Active
- Size
- 2,795 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1957
Listing Agency:
Barker & CO Real Estate
(504) 884-6593
Listed By:
Joel Barker · License #995705721
(504) 884-6593
Source:
Compass
Added: May 10
Changed: Jul 23
Last Checked: Jul 23 at 6:10AM
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 Barker & CO Real Estate
Investment Insights
Based on property information with market context.
This property is a four-unit residential income offering consisting of four separate 1-bedroom apartments across two duplex buildings on one lot. The front building features two-story units with open-concept living spaces and loft-style bedrooms. The rear building includes two 1-bedroom, 1-bath units with functional layouts and an additional flex room for use as a study, office, or oversized closet space.
Off-street parking is available for approximately 3–4 vehicles, and there is rear yard access with a spacious backyard and green space. The front building has a brand-new roof, and the air conditioning systems have been consistently maintained over time. Each unit is separately metered for electricity, and one unit has its own separate water meter, while water service for the remaining three units is owner-paid.
With its two-duplex configuration and flexible interior options within select units, the property provides a multi-unit setup designed for comfortable, self-contained living arrangements.
Off-street parking is available for approximately 3–4 vehicles, and there is rear yard access with a spacious backyard and green space. The front building has a brand-new roof, and the air conditioning systems have been consistently maintained over time. Each unit is separately metered for electricity, and one unit has its own separate water meter, while water service for the remaining three units is owner-paid.
With its two-duplex configuration and flexible interior options within select units, the property provides a multi-unit setup designed for comfortable, self-contained living arrangements.
Key Highlights
- Four separately metered 1‑bedroom apartments split across two duplex buildings on one lot
- Separate electric meters for each unit; one unit has its own water meter while water for the other three units is owner‑paid
- Off‑street parking for approximately 3–4 vehicles with rear yard access and a spacious backyard
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 | $55.3k | $19.80 |
| − Vacancy | −$4.8k | −$1.71 |
| EGI | $50.6k | $18.09 |
| − OpEx | −$15.2k | −$5.43 |
| NOI | $35.4k | $12.66 |
2,795 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$505.6K
$442.4K – $589.9K
NOI $35,392 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$464.7K
$406.6K – $542.2K
NOI $32,531 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four separately metered 1-bedroom apartments are split across two duplex buildings on a single lot.
Where is this quadplex located?
The property is located at 7617-19 Hurst 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: Four separately metered 1‑bedroom apartments split across two duplex buildings on one lot; Separate electric meters for each unit; one unit has its own water meter while water for the other three units is owner‑paid; Off‑street parking for approximately 3–4 vehicles with rear yard access and a spacious backyard
