Renovated Four-Unit
For Sale
$1,200,000
824/26 ELYSIAN FIELDS Avenue, New Orleans, LA 70117
Updated interiors and a built-in pool add practical appeal to this residential income property.
Property Size4,512 SF
Days on Market71
Property Features for 824/26 ELYSIAN FIELDS Avenue
General Information
Standard status
Active
Size
4,512 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
pool
Building Details
Building Size
4,512 SF
Year Built
1902
Buildings
1
Listing Agency:
Ethel Kidd Real Estate, L.L.C.
Listed By:
Dawn Leslie · License #995702027
(504) 524-6809
Source:
Burkbrokerage
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 16 at 3:18PM
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 Ethel Kidd Real Estate, L.L.C.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit quadplex was built in 1902 and has been renovated for continued residential use. Each unit includes two bedrooms and two bathrooms, with updated interiors throughout the property. A built-in pool serves as a shared backyard amenity.
Located on Elysian Fields Avenue in New Orleans, the property is positioned near the French Quarter, riverfront, and downtown. The address is 824/26 Elysian Fields Avenue, New Orleans, LA 70117.
Located on Elysian Fields Avenue in New Orleans, the property is positioned near the French Quarter, riverfront, and downtown. The address is 824/26 Elysian Fields Avenue, New Orleans, LA 70117.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 2‑bath units
- Renovated interiors throughout
- Built‑in pool in the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,133
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,660
$1.1M
Cap Rate 7%
$816,186
$816.2K
Cap Rate 9%
$634,811
$634.8K
Market Conditions
NOI Build-Up for 4,512 SF
Gross rent
$89.3K $19.80/SF
− Vacancy
−$7.7K −$1.71/SF
EGI
$81.6K $18.09/SF
− OpEx
−$24.5K −$5.43/SF
NOI
$57.1K $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%
$1,142,660
Cap Rate 7%
$816,186
Cap Rate 9%
$634,811
Alternative Uses
Best Use
Multifamily LT 5
$816.2K
$714.2K – $952.2K
NOI $57,133 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$750.2K
$656.4K – $875.2K
NOI $52,514 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,276 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,975
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated interiors and a built-in pool add practical appeal to this residential income property.
Where is this quadplex located?
The property is located at 824/26 ELYSIAN FIELDS Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 2‑bath units; Renovated interiors throughout; Built‑in pool in the backyard
