Active
81% Occupied Multifamily Portfolio in Venetian Isles
4870, 4900, 4910, 4920 Alsace St New Orleans, LA 70129
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Overview
Offering Memorandum https://buildout.com/sharing/multifamily-portfolio-in-venetian-isles-4870-4900-4910-4920-alsace-st-new-orleans-la-70129?view_locked_docs=true
Seller financing available.
Now available for sale, 4870, 4900, 4910, and 4920 Alsace St is a 4-building multifamily property totaling 16 units.
Each building is a ±3,840 SF fourplex.
Each unit features 2 bedrooms and 1 bathroom.
The buildings are adjacent and include off-street parking.
The property is currently 81% occupied and yields a NOI of $95,577 and 7.65% Cap Rate.
Zoned S-RM2 (Suburban Multi-Family Residential District).
- Seller financing available
- Each unit features 2 bedrooms and 1 bathroom
- Currently 81% occupied and yielding a NOI of $95,577
- 7.65% Cap Rate
Links
For Sale
Multifamily
Investment
Secondary Uses: Low Rise, Duplex/Quadplex
- Sale Price
- $1,250,000
- Price Per SF
- $81.4/SF
- Cap Rate
- 7.65%
- Building Size
- 15,360 SF
- Acres
- 0.61 ac
- Zoning
- S-RM2
- Zoning Description
- Suburban Multi Family Residential District
- Net Operating Income
- $95,577
- Number of Buildings
- 4
- Floors
- 2
- Parking Type
- Surface
- Tenancy
- Multiple Tenants
- Nearest MSA
- New Orleans-Metairie
- Tax ID Number
- 39W966619, 39W966618, 39W966617, 39W966616
- Property Use Type
- Investment
- Total Units
- 16
- County
- Orleans Parish
- Created
- 2025-07-23
- Updated
- 2025-07-24
- Listing ID
- 56152d8d
- Parcel APN
- 39W966616