Multifamily Housing - For Sale
930 Melpomene Street New Orleans, LA 70130
Details & Description
Price: $769,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.099
  • Building Sq Ft 2,443
  • Building Price per Sq Ft $314.78
  • Land Sq Ft 4,293
  • Land Price per Sq Ft $179.13
Offer for sale is the opportunity for an owner-occupant to unlock an essentially cost-neutral living situation. This duplex consists of a 2BR/2BA upstairs and a 1BR/1BA Apartment downstairs with a separated 1BR/1BA studio/suite perfect for operation as a Short Term Rental. See addendum for rental projections, comparables, and projected pro-forma.
Additional Photos
Listing Agents
Scott Weston

O: 504-274-2671
scott@mceneryco.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

930 Melpomene Street

New Orleans, LA 70130

Listing ID: 218021
$769,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.099
  • Building Sq Ft 2,443
  • Building Price per Sq Ft $314.78
  • Land Sq Ft 4,293
  • Land Price per Sq Ft $179.13
  • 930 Melpomene Street New Orleans, LA 70130 | for Sale | Photo 1
  • 930 Melpomene Street New Orleans, LA 70130 | for Sale | Photo 2
  • 930 Melpomene Street New Orleans, LA 70130 | for Sale | Photo 3
  • 930 Melpomene Street New Orleans, LA 70130 | for Sale | Photo 4
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Description

Offer for sale is the opportunity for an owner-occupant to unlock an essentially cost-neutral living situation. This duplex consists of a 2BR/2BA upstairs and a 1BR/1BA Apartment downstairs with a separated 1BR/1BA studio/suite perfect for operation as a Short Term Rental. See addendum for rental projections, comparables, and projected pro-forma.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
New Orleans History of Multifamily Housing for Sale

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New Orleans Area Market Trends

Listing Demographics for 930 Melpomene Street New Orleans, LA 70130

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population18,941176,117392,892
Population Median Age413939
Population by Age0-9 Yrs1436 (7%)17244 (9%)44236 (11%)
10-19 Yrs1149 (6%)15355 (8%)40499 (10%)
20-29 Yrs3401 (17%)30054 (17%)59978 (15%)
30-39 Yrs3770 (19%)32825 (18%)64897 (16%)
40-49 Yrs1881 (9%)22051 (12%)47593 (12%)
50-59 Yrs2846 (15%)22982 (13%)51793 (13%)
60-69 Yrs2912 (15%)20400 (11%)46385 (11%)
70+ Yrs1545 (8%)15205 (8%)37510 (9%)
Median HH Income$46,505$44,038$44,179
Total Household Income< 24K3277 (34%)24046 (32%)50055 (31%)
25-49K1761 (18%)16657 (22%)35873 (22%)
50-74K1240 (12%)10986 (14%)23420 (14%)
75-99K736 (7%)6763 (9%)15202 (9%)
100-199K1723 (17%)10753 (14%)23189 (14%)
200K+871 (9%)5151 (6%)9591 (6%)
Highest Education LevelNo Diploma20111965742677
Diploma or GED25332964468845
Some College21792441357705
Assoc. Degree719580114218
Bachelors Degree43202990957697
Higher Degree35932199841205
Total Housing Units13,68698,648196,168
--Owner-Occupied3,27830,72776,344
--Renter-Occupied6,32943,62880,986
Owner-Occupied Values< 100K14131929704
100-199K433703625562
200-299K741580115404
300-399K53346848925
400-499K43232845522
500K+998673011226
Total Working Age Population16,728150,052325,245
In Work Force11,05994,855201,922
Not In Work Force5,66855,197123,323
Workforce Employed10,51287,333185,925
Workforce Unemployed5277,07315,177
Civlian Workforce11,04094,406201,101
Military Workforce20449821
Total Households9,60774,355157,329
Family Households3,07831,10576,267
Non-Family Households6,52943,24981,062
Married Couple1,93918,67445,747
Other Family1,13912,43230,520
Married w/Child4176,12615,186
Single Male w/Child769142,758
Single Female w/Child3454,61611,644

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Louisiana4,468,976+14,533,372+14,588,310+54,813,420
Jefferson Parish455,466-5432,552+4450,200+1454,670
Lafourche Parish89,974+796,318095,990095,990
Orleans Parish484,674-29343,829-26255,4400256,010
Plaquemines Parish26,757-1423,042+1225,770+1329,130
St. Bernard Parish67,229-4735,897-3822,210+122,480

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Louis Armstrong New Orleans International Airport (MSY) 12
Gulfport Biloxi International Airport (GPT) 68
Lafayette Regional Airport (LFT) 116