1010 PHILIP Street, New Orleans, LA 70130
- Added:
- Jun 11, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 1010 PHILIP Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Balcony, Courtyard, Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 1010-PHILIPST
- Size
- 6,000 SF
Taxes and HOA fees
- Tax Description
- 1. SQ 133 LOT E-1 PHILIP ST 2. 53 X 127 1010/12 3. 1010 PHILIP ST
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1863
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Victorian
Listing agent Nathalie Dubois License #995703042 (504) 799-1702
Listing office Berkshire Hathaway HomeServices Preferred, REALTOR 4018 Magazine St., New Orleans, LA (504) 799-1702
Listing date Jun 11, 2026
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Historic Victorian 4‑plex built in 1863 with Greek Revival style elements
- Four units, each about 1,500 SF, with a similar layout and generous room sizes
- Original wood floors, mantles, medallions, and light fixtures plus modern updates
- Large private laundry rooms in each unit and separated meters
- Central heating and central air; public water source
- Exterior features include balcony, courtyard, and fenced perimeter
Overview
Located at 1010 Philip Street in New Orleans, the property is described as being just half a block from Magazine Street. The listing also notes it is within an established urban setting where driveway space can be limited, making the provided paving a notable physical attribute.
For buyers and investors, the unit consistency and separated metering may appeal to operators seeking an efficient approach to managing four similar homes. The configuration also supports flexible ownership planning, as the listing states the property can be turned into condos or a single-family home, depending on buyer and redevelopment goals.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.8k | $19.80 |
| − Vacancy | −$10.3k | −$1.71 |
| EGI | $108.5k | $18.09 |
| − OpEx | −$32.6k | −$5.43 |
| NOI | $76.0k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.077483
- Latitude
- 29.928264
