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Property profile & analytics
OFF-MARKET
Apartment buildings
1629 Washington Ave New Orleans, LA 70130-5953
Entity Owned
1-yr Hold
Free & Clear
Property ID
US36-0481598
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
17,918 SF
Lot
0.45 ac (19,500 SF)
APN
412105402
UPID
US36-0481598
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Amie Paradise Apartments Apartment Building
-
Mustard Seed Village Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Greenfields LLC · 1 yrs held
Greenfields LLC
since 2024
Last sale
$205,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Orleans submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Orleans submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$180,000
Assessed 2023
Previous assessed
$141,040
+27.6% YoY
Assessed land
$22,780
Assessed improvement
$157,220
Land market value
$227,800
Improvement market value
$1,572,200
Total market value
$1,800,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1960
Heating
NONE
Total area
17,918 SF
Lot
0.45 ac (19,500 SF)
APN
412105402
UPID
US36-0481598
Jurisdiction
ORLEANS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Lot
0.45 ac
Current owner
From public records · entity-resolved
Greenfields LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1081 TCHOUPITOULAS ST, NEW ORLEANS, LA 70130-3801
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
$365,000
Greenfields LLC
1629 Washington LLC
Cash Sale Deed
—
May 2, 2024
$295,000
Bradley B Hamilton
1629 Washington LLC
Cash Sale Deed
—
Apr 25, 2024
$224,500
Laura H Lankford
1629 Washington LLC
Cash Sale Deed
—
Mar 5, 2024
$249,500
Antoine Denis Lanaux IV
1629 Washington LLC
Cash Sale Deed
$224,550 · Fidelity Bank
Jan 19, 2024
$224,500
Charles Edmond Johnson
1629 Washington LLC
Cash Sale Deed
—
Nov 20, 2023
$210,000
James C Lucas JR
1629 Washington LLC
Cash Sale Deed
—
Oct 23, 2023
$224,500
Hilda Orons
629 Washington LLC
Cash Sale Deed
$164,500 · Premier Lending LLC
Sep 1, 2023
$249,000
Robert Gregory Leclerc
1629 Washington LLC
Deed
$149,000 · Eustis Mortgage Corporation
Aug 21, 2023
$249,500
Stuart W Turner
1629 Washington LLC
Deed
$89,500 · Fidelity Bank
Aug 14, 2023
$329,000
Shari Lynn Botelho
1629 Washington LLC
Deed
$246,750 · Fidelity Bank
Aug 11, 2023
$249,500
Charles Girard Bunneil
1629 Washington LLC
Deed
$199,600 · Fidelity Bank
Jul 5, 2022
$2,400,000
1629 Washington LLC
Austin Venture Properties LLC
Deed
$5,000,000 · Loan Partners LLC
Jul 1, 2022
$2,000,000
Austin Venture Properties LLC
Amies Paradise Ltd
Cash Sale Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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