Multifamily Property with Original
805-807 Jackson Avenue, New Orleans, LA 70130
For Sale
$299,901
High ceilings, an eat-in kitchen, and a security system accompany a recently installed fortified roof.
Property Size1,533 SF
Price / SF$195.63
Days on Market234
Property Features for 805-807 Jackson Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Original mantels
secluded backyard
high ceilings
Security system
Large eat-in kitchen
Building Details
Building Size
Year Built
Units
Listing Agency:
Hospitality Realty
(504) 606-0466
Listed By:
Debra T Weber
(504) 236-6697
Source:
Cypresskeyrealty
Added: Mar 26
Changed: Nov 13
Last Checked: Nov 13 at 2:43PM
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 Hospitality Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property offers 1,533 square feet with high ceilings, original mantels, and a large eat-in kitchen. A security system and a new fortified roof are among its features. The property was built in 1973, and the backyard is secluded.
The property is in New Orleans’ Historic Lower Garden District, within blocks of restaurants and shopping.
The property is in New Orleans’ Historic Lower Garden District, within blocks of restaurants and shopping.
Key Highlights
- 1,533 square feet of property area
- Original mantels and high ceilings
- Large eat‑in kitchen and security system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,842
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,840
$356.8K
Cap Rate 7%
$254,886
$254.9K
Cap Rate 9%
$198,244
$198.2K
Market Conditions
NOI Build-Up for 1,533 SF
Gross rent
$35.7K $23.28/SF
− Vacancy
−$3.2K −$2.12/SF
EGI
$32.4K $21.16/SF
− OpEx
−$14.6K −$9.52/SF
NOI
$17.8K $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%
$356,840
Cap Rate 7%
$254,886
Cap Rate 9%
$198,244
Alternative Uses
Best Use
Apartment 5plus
$254.9K
$223.0K – $297.4K
NOI $17,842 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.6K
$340.9K – $454.6K
NOI $27,275 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in New Orleans, LA
Properties on Market for Multifamily properties in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - High ceilings, an eat-in kitchen, and a security system accompany a recently installed fortified roof.
Where is this multifamily property located?
The property is located at 805-807 Jackson Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $299,901.
What are key features of this property?
This property features: 1,533 square feet of property area; Original mantels and high ceilings; Large eat‑in kitchen and security system
