Furnished Two-Sided Multifamily
For Sale
$539,900
813 Jackson Ave, New Orleans, LA 70130
Furnished income property near Magazine Street with flexible short-, mid-, and long-term rental potential.
Property Size2,110 SF
Price / SF$255.88
Days on Market94
Property Features for 813 Jackson Ave
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Listing Agency:
Homecoin.com
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Smithsquared
Added: Jul 18
Changed: Oct 7
Last Checked: Oct 7 at 5:38PM
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 Homecoin.com
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 2,110-square-foot multifamily property is configured as a two-sided residence and conveys fully furnished. Its turnkey setup supports short-term, mid-term, or long-term rental use, and the property is currently generating income.
Located in New Orleans’ Lower Garden District, the residence is within walking distance of Magazine Street and three doors from Turkey and the Wolf. Street parking is described as plentiful, and the property sits along the route of the annual St. Patrick’s Day Parade. Uber access connects the property with Audubon Park, the French Quarter, Frenchmen Street, and City Park.
Located in New Orleans’ Lower Garden District, the residence is within walking distance of Magazine Street and three doors from Turkey and the Wolf. Street parking is described as plentiful, and the property sits along the route of the annual St. Patrick’s Day Parade. Uber access connects the property with Audubon Park, the French Quarter, Frenchmen Street, and City Park.
Key Highlights
- 2,110‑square‑foot two‑sided multifamily property
- Fully furnished and turnkey
- Short‑term, mid‑term, or long‑term rental potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,558
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,160
$491.2K
Cap Rate 7%
$350,829
$350.8K
Cap Rate 9%
$272,867
$272.9K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$49.1K $23.28/SF
− Vacancy
−$4.5K −$2.12/SF
EGI
$44.7K $21.16/SF
− OpEx
−$20.1K −$9.52/SF
NOI
$24.6K $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%
$491,160
Cap Rate 7%
$350,829
Cap Rate 9%
$272,867
Alternative Uses
Best Use
Apartment 5plus
$350.8K
$307.0K – $409.3K
NOI $24,558 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.3K
$469.3K – $625.7K
NOI $37,540 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Furnished income property near Magazine Street with flexible short-, mid-, and long-term rental potential.
Where is this multifamily property located?
The property is located at 813 Jackson Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 2,110‑square‑foot two‑sided multifamily property; Fully furnished and turnkey; Short‑term, mid‑term, or long‑term rental potential
