905- 907 PELICAN Avenue, New Orleans, LA 70114
- Added:
- Apr 17, 2026
- Days on Market:
- 82
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 905- 907 PELICAN Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 41
- Size
- 1,675 SF
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1932
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jessica Breaux License #995689155 (504) 908-5037
Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA (504) 908-7653
Listing date Apr 17, 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 location in the Point, with walkable access to the ferry, farmer's market, bars, and restaurants.
- Double shotgun style property, ideal for rental portfolio or owner occupancy.
- Features a super inviting front porch and serene backyard with a huge deck.
- Conveniently located minutes from the GNO bridge to downtown NOLA and a nearby military base.
- Each unit contains 2 beds/1 bath.
- Central heating and air conditioning.
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 | $33.2k | $19.80 |
| − Vacancy | −$2.9k | −$1.71 |
| EGI | $30.3k | $18.09 |
| − OpEx | −$9.1k | −$5.43 |
| NOI | $21.2k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.046608
- Latitude
- 29.953066