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    7836 St Charles Ave New Orleans, LA 70118

    Sponsored
    For Sale
    $2,000,000

    Historic Charm, High Occupancy

    Property size:
    7,615 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4-unit apartment building, located at 7836 St. Charles Avenue in New Orleans, Louisiana, presents a compelling investment opportunity. Built in 1924, this two-story structure boasts 7,615 square feet on a 0.15-acre lot (APN 716104006). Currently operating at 100% occupancy, the property features spacious units with central air and heat, hardwood floors, abundant natural light, and generously sized living areas and bedrooms. Each unit benefits from separately metered utilities. The building includes convenient amenities such as off-street parking and on-site laundry facilities, further enhancing its appeal. The property's metal roof ensures long-term durability. Current rental rates are below market value, presenting a significant opportunity for increased revenue. Situated in the highly desirable Uptown New Orleans submarket, this property benefits from its proximity to Audubon Park and Tulane and Loyola Universities, contributing to strong rental demand. The area is known for its blend of residential, commercial, and cultural attractions, including charming streets, historic homes, and vibrant commercial corridors. Convenient access to public transportation, including the St. Charles Avenue streetcar, adds to the property's desirability. The asking price is $2,000,000, translating to $262.64 per square foot. The property is zoned HU-RD2. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a prime Uptown New Orleans location.

    Property Features for 7836 St Charles Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,615 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1924
    Buildings
    1
    Stories
    2

    HighLights

    • $2,000,000 asking price for this multifamily investment opportunity.
    • 7,615 square feet, 100% occupied, generating $262.64 per square foot.
    • Located at 7836 St. Charles Ave, New Orleans, LA 70118, a prime Uptown location near Audubon Park and major universities.
    • Features include off‑street parking, on‑site laundry, and a metal roof; all units have central A/C & heat, hardwood floors, and separately metered utilities.
    • This 2‑story, 1‑building, 4‑plex apartment building sits on a 0.15‑acre lot (APN: 716104006) and was built in 1924.
    • Currently zoned HU‑RD2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.132673
    Latitude
    29.9414895

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    FAQs

    What type of property is this?
    Multifamily property - Historic Charm, High Occupancy
    Where is this multifamily property located?
    The property is located at 7836 St Charles Ave New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price for this multifamily investment opportunity.; 7,615 square feet, 100% occupied, generating $262.64 per square foot.; Located at 7836 St. Charles Ave, New Orleans, LA 70118, a prime Uptown location near Audubon Park and major universities.
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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
    7836 St Charles Ave New Orleans, LA 70118
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