8-Unit Apartment
New
For Sale
$739,900
864 Carmadelle St, Marrero, LA 70072
The property combines full occupancy with a laundry area and off-street parking.
Property Size5,600 SF
Price / SF$132.13
Days on Market6
Property Features for 864 Carmadelle St
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Asking Price
$739,000
Gross Income
$92,400
Additional Details
Multifamily Units
8
Building Details
Year Built
1980
Listing Agency:
TJones & Co, LLC
Listed By:
Darius Washington · License #099565010
(504) 256-6311
Source:
Dominionplace
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 5 at 8:03PM
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 TJones & Co, LLC
Investment Insights
Based on property information with market context.
This 8-unit apartment property contains approximately 5,600 square feet and was built in 1980. The building is fully occupied and includes a laundry area and off-street parking.
Located in Marrero on the West Bank, the property has access to nearby shopping, employment, and major roadways.
Located in Marrero on the West Bank, the property has access to nearby shopping, employment, and major roadways.
Key Highlights
- 8 apartment units in approximately 5,600 square feet
- 100% occupied
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,450
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,149,000
$1.1M
Cap Rate 7%
$820,714
$820.7K
Cap Rate 9%
$638,333
$638.3K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$114.9K $20.52/SF
− Vacancy
−$10.5K −$1.87/SF
EGI
$104.5K $18.65/SF
− OpEx
−$47.0K −$8.39/SF
NOI
$57.5K $10.26/SF
Area
Jefferson County, LA
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,149,000
Cap Rate 7%
$820,714
Cap Rate 9%
$638,333
Alternative Uses
Best Use
Apartment 5plus
$820.7K
$718.1K – $957.5K
NOI $57,450 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,421 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 70072, LA
56,924
Population
22,845
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
51.8 sq mi
ZIP Area
1,099
Density / Sq Mi
$55,866
Median Household Income
$34,411
Median Earnings
$1,091
Median Rent
$190,700
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
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Frequently Asked Questions
What type of property is this?
Apartment building - The property combines full occupancy with a laundry area and off-street parking.
Where is this apartment building located?
The property is located at 864 Carmadelle St Marrero, LA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: 8 apartment units in approximately 5,600 square feet; 100% occupied; Built in 1980
