Building Details

Building Size 7,615 SF

Year Built 1926

Buildings 1

Listing Agency: Wurth Real Estate Services

Listed By: Alexander Peet Show Phone

Source: Burkbrokerage

Added: Sep 10 Changed: Sep 23 Last Checked: Oct 4 at 2:45PM

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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.

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 / Yr

$96,425

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $96,425 @ 7.0% cap · market cap 6.03%

Second Best

Apartment 5plus

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,630 @ 7.0% cap · market cap 5.54%

Theoretical Best

Office A

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,484 @ 7.0% cap · market cap 8.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Building Supply Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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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