846 ROOSEVELT Place, New Orleans, LA 70119
- Added:
- Mar 6, 2026
- Days on Market:
- 98
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 846 ROOSEVELT Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Porch
- Standard status
- Active
- APN
- 207206004
- Size
- 3,306 SF
Taxes and HOA fees
- Tax Description
- SQ 468 D PT LOT 12 LOT 10 OR 10 A ROOSEVELT PL 35 X 109
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Craftsman
Listing agent Aaron Dare License #995681183 (504) 899-8666
Listing office Crane Realtors 138 N Cortez Street, New Orleans, LA (504) 210-2014
Listing date Mar 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.
HighLights
- Excellent investment property with great rental history or owner‑occupy opportunity with rental income.
- Prime location: short walk to Bayou St. John & City Park in Parkview.
- Well‑maintained craftsman 4‑plex with preserved architectural details: original wood floors, wood windows, historic mantels, attractive millwork, coved ceilings & exposed brick.
- New roof installed in 2022.
- Lower units feature shotgun‑style layout with backyard access.
- Upper units include independent bedrooms and a shared balcony.
Overview
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 | $65.5k | $19.80 |
| − Vacancy | −$5.7k | −$1.71 |
| EGI | $59.8k | $18.09 |
| − OpEx | −$17.9k | −$5.43 |
| NOI | $41.9k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.092555
- Latitude
- 29.978995
