875 TAFT Place, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
- Added:
- May 11, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 7 at 4:06 am
Property Features for 875 TAFT Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 41038896
- Size
- 3,035 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing agent Sandra Green License #000038222 (504) 908-5037
Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA (504) 908-7653
Listing date May 11, 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
- Prime Mid‑City location: Steps from Bayou St. John, City Park, restaurants, and coffee shops.
- Versatile double configuration: Ideal for owner‑occupants, investors, or multi‑generational living with income‑generating potential.
- Spacious layout: Approximately 3,035 sq ft with 5 bedrooms and 3 full baths across two units.
- Rare oversized corner lot: Features excellent curb appeal, natural light, and outdoor space.
- Garage with studio: Offers a dedicated workspace or potential rental income.
- Historic charm: Built in 1920, blending classic New Orleans architecture with modern versatility.
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 | $60.1k | $19.80 |
| − Vacancy | −$5.2k | −$1.71 |
| EGI | $54.9k | $18.09 |
| − OpEx | −$16.5k | −$5.43 |
| NOI | $38.4k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.092117
- Latitude
- 29.979136
