USALANew Orleans4415 35 Wilson Avenue
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$1,000,000

For Sale

25 days ago

4415 35 Ave, New Orleans, LA

Condo

MLS® 2550516

28 Bed

0 Bath

8360 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 8360 sqft
Garage 
HOA Fees 
Taxes 
Days Active 25
Approx. Age 2017
Avg. Price Per Sqft $119
MLS® Number 2550516

Property Address: 4415 35 Wilson Avenue, New Orleans, LA, 70126

Average square foot calculated using Size range provided by listing agent.

Description

This well-maintained 12-unit apartment community, located at 4415–4435 Wilson Avenue in New Orleans, presents a compelling investment opportunity with strong in-place cash flow and operational stability. The property consists of twelve units totaling twenty-eight bedrooms and sixteen bathrooms, featuring a desirable mix of four (4) 3-bedroom/2-bath units and eight (8) 2-bedroom/1-bath units. The asset generates approximately $12, 141 in monthly rental income (once the last unit is leased), with additional revenue from on-site laundry. It is currently supported by a solid 92% occupancy rate. Originally renovated in 2019, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Each unit is individually metered, enhancing expense control and operational efficiency. The gross building area is approximately 8, 360 square feet and includes 16 off-street parking spaces. The property is located in a favorable Flood Zone X. A purchaser has the ability to acquire this stabilized asset and continue raising rents to market levels, with the potential to improve the cap rate to 10%+. NOI: $86, 519 CAP Rate: 8.65% Gross Rents: $12, 141 /month or $145, 692 /year All information is deemed reliable but is not guaranteed. Buyers and Buyers’ agents are advised to verify all information, measurements, and details independently. Contact the agents for additional information or to schedule a showing: Cameron Griffin: [email protected] Rami Khodr: [email protected]
MLS® Number2550516
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age2017
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 31, 2026List Date
$1,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
4415 35 Ave, New Orleans, LA

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