8430 JEANNETTE Street New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Features for 8430 JEANNETTE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 716203707
- Size
- 1,561 SF
Taxes and HOA fees
- Tax Description
- 1. SQ 178 LOT C JEANNETTE 2. 8430-32 JEANNETTE 3. 30 X 90
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Lauren Lawson License #995704895 (337) 522-7554
Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA (337) 522-7554
Listing date Apr 6, 2026
Copyright © 2026 New Orleans Metropolitan 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.
The asset is positioned in a walkable area with nearby access to public transportation, popular restaurants, and local shops. It is described as being near S. Carrollton and Oak Street, and it is listed as located in an X Flood Zone.
For buyers seeking an income double with current in-place occupancy, this configuration may offer a straightforward path to ownership given the long-term tenant presence and the stated focus on simple maintenance. The recently updated condition and “turnkey” presentation are key considerations for anyone looking to acquire without immediate unit-turn work, consistent with the information provided.
Key Highlights
- Income‑producing double occupied by long‑term tenants, providing immediate rental income
- Located in X Flood Zone
- Central heating and central air conditioning
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $19.80 |
| − Vacancy | −$2.7k | −$1.71 |
| EGI | $28.2k | $18.09 |
| − OpEx | −$8.5k | −$5.43 |
| NOI | $19.8k | $12.66 |
