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    2627 Robert St New Orleans, LA 70115

    Sponsored
    For Sale
    $570,000

    Four-unit multifamily, value-add opportunity.

    Property size:
    4,322 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-unit multifamily property, located at 2625-2627 Robert St in New Orleans, LA 70115, presents a compelling value-add investment opportunity. The property boasts a total of 4,322 square feet, comprised of four three-bedroom, two-bathroom units. Two units measure 1,087 square feet each, while the remaining two are slightly smaller at 1,074 square feet each. Currently, three of the four units are leased, generating a gross monthly income of $3,836. With rents significantly below market value, this presents a substantial opportunity to increase profitability. The property, built in 2012, is situated in a convenient location, steps away from Freret Street and Baptist Hospital. Each unit includes one parking space. The property is classified as a Class C building and is situated in an AE Flood Zone. The asking price is $570,000, translating to $142,500 per unit and $131.88 per square foot. The current occupancy rate stands at 75%. This two-story building offers a strong foundation for a savvy investor seeking to capitalize on the robust New Orleans rental market. The property's prime location and potential for rental income growth make it an attractive investment prospect.

    Property Features for 2627 Robert St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,322 SF
    Class
    C

    Building Details

    Year Renovated
    2012
    Stories
    2
    Units
    4

    HighLights

    • $570,000 asking price for a four‑unit multifamily property.
    • Fourplex located in New Orleans, LA, at 2627 Robert St, 70115.
    • Property features four three‑bedroom, two‑bathroom units totaling 4,322 square feet.
    • 75% occupancy with three units currently leased, generating $3,836 monthly gross income.
    • Value‑add opportunity with below‑market rents.
    • Property renovated in 2012; Class C construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.1079552
    Latitude
    29.9384491

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit multifamily, value-add opportunity.
    Where is this multifamily property located?
    The property is located at 2627 Robert St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $570,000.
    What are key features of this property?
    This property features: $570,000 asking price for a four-unit multifamily property.; Fourplex located in New Orleans, LA, at 2627 Robert St, 70115.; Property features four three-bedroom, two-bathroom units totaling 4,322 square feet.
    (225) 237-3362
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    2627 Robert St New Orleans, LA 70115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2627 Robert St New Orleans, LA 70115
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