Fully Furnished Turnkey Short-Term Rental
For Sale
$539,900
813 Jackson Ave, New Orleans, LA 70130
MULTI_FAMILY - New Orleans, LA
Property Size2,110 SF
Lot Size4,096.00 Acres
Price / SF$255.88
Days on Market202
Property Features for 813 Jackson Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Window features
Window Treatments
Patio and Porch features
Patio
Interior features
9+ Ft. Ceiling, Gas Stove Con., Walk-In Closet(s)
Exterior features
Landscaped
Fencing
Privacy, Chain Link
Appliances
Gas Cooktop, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator
Subdivision
Garden District
Elementary school district
Orleans Parish
Middle school district
Orleans Parish
High school district
Orleans Parish
Standard status
Active
Size
2,110 SF
Lot size
4,096.00 Acres
Taxes and HOA fees
Tax Description
1. SQ 101 LOT E JACKSON AVE 2. 32X128 = 4096 SQ FT 3. DBLE 813/15 JACKSON AVE
Legal Description
1. SQ 101 LOT E JACKSON AVE 2. 32X128 = 4096 SQ FT 3. DBLE 813/15 JACKSON AVE
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Concrete, Tile - Ceramic, Wood, Vinyl
Building materials
Other Siding, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #B.1003079.CORP
(888) 400-2513
Added: Feb 1
Changed: Aug 13
Last Checked: Aug 22 at 8:06AM
MLS# 2026001972
Copyright © 2026 Greater Baton Rouge Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fully furnished and turnkey two-sided multi-family short-term rental property in the Lower Garden District. The home includes 9+ ft. ceilings and amenities such as a patio, privacy and chain link fencing, and a walk-in closet. Interior features include a central heating system and central air conditioning. The kitchen comes equipped with a gas cooktop, range/oven, microwave, dishwasher, refrigerator, and dryer.
Set in a highly walkable area, the property is described as steps from Magazine Street and located directly on the Annual St. Patrick's Day Parade route. Public remarks also note convenient on-street parking and proximity to neighborhood dining and entertainment.
Served by public water and public sewer with a shingle roof. Appliances and furnishings are included, supporting use as short-term, mid-term, or long-term rental housing.
Set in a highly walkable area, the property is described as steps from Magazine Street and located directly on the Annual St. Patrick's Day Parade route. Public remarks also note convenient on-street parking and proximity to neighborhood dining and entertainment.
Served by public water and public sewer with a shingle roof. Appliances and furnishings are included, supporting use as short-term, mid-term, or long-term rental housing.
Key Highlights
- Fully furnished and turnkey two‑sided rental property
- Central heating and central air conditioning
- Public water and public sewer
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
$24,558
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
4.55%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two-sided New Orleans short-term rental home with central HVAC, public water and sewer, and on-street parking.
Where is this short term rental 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: Fully furnished and turnkey two‑sided rental property; Central heating and central air conditioning; Public water and public sewer
