Corner Lot Triplex Near St.
1502 GENERAL PERSHING Street New Orleans, LA 70115
1502 GENERAL PERSHING Street, New Orleans, LA, 70115
$1,050,000
For Sale
$1,050,000
MULTI_FAMILY - New Orleans, LA
Property Size4,173 SF
Price / SF$251.62
Days on Market235
Property Features for 1502 GENERAL PERSHING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Courtyard, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 1502-GENPERSHINGST
- Size
- 4,173 SF
Taxes and HOA fees
- Tax Description
- SQ 387 LOT A GEN PERSHING AND 4301 PITT 50X100 S-RAISED-W-W/APT FILE #74857 9/96
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
4018 Magazine St., New Orleans, LA
Listed by
Charlotte Dorion · License #000044739
(504) 799-1702
Added: Nov 24, 2025 Checked: Jul 17 at 6:06 am
MLS# 2532167
Listing URL
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.
Investment Insights
Based on property information with market context.
This triplex is located on a corner lot, one block from St. Charles Avenue and one block from Napoleon Avenue. The property features two lower apartments and an owner's unit on the main level. The owner's unit, situated on the second floor, includes a large foyer opening to a spacious living and dining room, a chef's kitchen with a breakfast area, island, and ample storage, a built-in china cabinet and pantry, Jack and Jill bedrooms with a full bath in between, a third bedroom currently used as an office with an attached full bath, and a utility room. Apartment A has two bedrooms, one bath, a living/dining combo, and a gated porch, currently rented for $1300 a month. Apartment B features two bedrooms, one bath, a bonus room, and gated parking for two cars, currently rented for $1400 a month. The property includes front and back porches and a large backyard. The building size is 4173 square feet. The property is near Superior Seafood Restaurant, The Chloe Hotel, Bar and Restaurant, and Fat Harry's Bar and Eatery. The location offers access to Mardi Gras parades and the streetcar line to Audubon Park/Zoo, the French Quarter, CBD, and Downtown New Orleans. The property is suitable for investors, owner-occupiers, or as a second home, with a potential rental income. The owner's unit could potentially rent for $3500 a month.
Key Highlights
- Triplex built in 1910 on a corner lot with courtyard, fenced yard, and porch
- Total reported rental income of $6,200/month: main‑level unit potentially $3,500/month; Apt A $1,300/month; Apt B $1,400/month
- Main‑level owners unit features large foyer opening to living and dining room, chef’s kitchen with breakfast area, island, and lots of storage
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 | $56.1k | $13.44 |
| − Vacancy | −$4.8k | −$1.16 |
| EGI | $51.2k | $12.28 |
| − OpEx | −$15.4k | −$3.68 |
| NOI | $35.9k | $8.60 |
4,173 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.4K
$448.4K – $597.8K
NOI $35,868 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$454.2K
$397.4K – $529.9K
NOI $31,795 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.10M
$963.3K – $1.28M
NOI $77,067 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex near St. Charles Ave with potential rental income.
Where is this triplex located?
The property is located at 1502 GENERAL PERSHING Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Triplex built in 1910 on a corner lot with courtyard, fenced yard, and porch; Total reported rental income of $6,200/month: main‑level unit potentially $3,500/month; Apt A $1,300/month; Apt B $1,400/month; Main‑level owners unit features large foyer opening to living and dining room, chef’s kitchen with breakfast area, island, and lots of storage
