Multifamily Property with
For Sale
$896,000
812 VALMONT Street, New Orleans, LA 70115
Built in 2022, the property includes central air conditioning and heating.
Property Size4,157 SF
Price / SF$215.54
Days on Market9
Property Features for 812 VALMONT Street
General Information
Standard status
Active
Size
4,157 SF
Property subtype
Residential Income
Site & Location
Neighborhood
West Riverside
Amenities
Central Air
Central
Balcony
Victorian
Building Details
Year Built
2022
Stories
2
Listing Agency:
Compass Uptown
Listed By:
Mark Vaughn
(504) 782-8634
Source:
Evrealestate
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 5:09PM
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 Compass Uptown
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Investment Insights
Based on property information with market context.
This multifamily property was built in 2022 and has central air conditioning and heating, along with a balcony. It is located at 812 Valmont Street in New Orleans, Orleans Parish.
Key Highlights
- Built in 2022
- Central air conditioning and heating
- Balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,673
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,460
$633.5K
Cap Rate 7%
$452,471
$452.5K
Cap Rate 9%
$351,922
$351.9K
Market Conditions
NOI Build-Up for 4,157 SF
Gross rent
$63.4K $15.24/SF
− Vacancy
−$5.8K −$1.39/SF
EGI
$57.6K $13.85/SF
− OpEx
−$25.9K −$6.23/SF
NOI
$31.7K $7.62/SF
Area
ZIP 70115
Vacancy
9.10%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,460
Cap Rate 7%
$452,471
Cap Rate 9%
$351,922
Alternative Uses
Best Use
Apartment 5plus
$452.5K
$395.9K – $527.9K
NOI $31,673 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$959.6K – $1.28M
NOI $76,771 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 2022, the property includes central air conditioning and heating.
Where is this multifamily property located?
The property is located at 812 VALMONT Street New Orleans, LA.
What is the asking price?
The asking price for this property is $896,000.
What are key features of this property?
This property features: Built in 2022; Central air conditioning and heating; Balcony
