Four-Unit Quadplex with
New
For Sale
$1,600,000
7836 SAINT CHARLES Avenue, New Orleans, LA 70118
Income property with central HVAC, hardwood floors, on-site laundry, and separately metered utilities.
Property Size7,615 SF
Days on Market6
Property Features for 7836 SAINT CHARLES Avenue
General Information
Standard status
Active
Size
7,615 SF
Property subtype
Quadruplex
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Amenities
off-street parking
on-site laundry
Building Details
Building Size
7,615 SF
Year Built
1926
Buildings
1
Listing Agency:
Wurth Real Estate Services
Listed By:
Alexander Peet
(504) 407-9012
Source:
Burkbrokerage
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 14 at 10:44AM
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 Wurth Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1926, this four-unit property on Saint Charles Avenue offers spacious residences with central air and heat, hardwood flooring, abundant natural light, and generously proportioned bedrooms and living areas. The building also includes off-street parking, on-site laundry, and a metal roof. Each unit has separately metered utilities.
The property is near Audubon Park and Tulane and Loyola universities, placing the building within an established Uptown setting. Its four-unit configuration and existing residential features provide a straightforward multifamily layout.
The property is near Audubon Park and Tulane and Loyola universities, placing the building within an established Uptown setting. Its four-unit configuration and existing residential features provide a straightforward multifamily layout.
Key Highlights
- Four‑unit multifamily property built in 1926
- Located on Saint Charles Avenue near Audubon Park
- Near Tulane and Loyola universities
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
$96,425
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
6.03%
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%
$1,928,500
$1.9M
Cap Rate 7%
$1,377,500
$1.4M
Cap Rate 9%
$1,071,389
$1.1M
Market Conditions
NOI Build-Up for 7,615 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
$150.8K $19.80/SF
− Vacancy
−$13.0K −$1.71/SF
EGI
$137.7K $18.09/SF
− OpEx
−$41.3K −$5.43/SF
NOI
$96.4K $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%
$1,928,500
Cap Rate 7%
$1,377,500
Cap Rate 9%
$1,071,389
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,425 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,630 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,484 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Income property with central HVAC, hardwood floors, on-site laundry, and separately metered utilities.
Where is this quadplex located?
The property is located at 7836 SAINT CHARLES Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1926; Located on Saint Charles Avenue near Audubon Park; Near Tulane and Loyola universities
