New Orleans Tri-Plex Near
1617 N BROAD Street New Orleans, LA 70119
1617 N BROAD Street, New Orleans, LA, 70119
$350,000
For Sale
$350,000
MULTI_FAMILY - New Orleans, LA
Property Size2,612 SF
Lot Size0.09 Acres
Price / SF$133
Days on Market131
Property Features for 1617 N BROAD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 37W214020
- Size
- 2,612 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- SQ 1516 LOT 6 N BROAD 31 X 120 C/BACK 17/RM AND BASE A/R SEE E REC AFFIDAVIT
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Crescent City Living, LLC
(504) 327-5303
3205 Orleans Avenue, New Orleans, LA
Listed by
Leslie Heindel · License #995688679
(504) 327-5303
Added: Mar 9 Checked: Jul 17 at 9:06 pm
MLS# 2546837
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 tri-plex, full of New Orleans charm and character, is located in the Fairgrounds area, close to Jazz Fest. The property includes off-street parking. It is located in an X flood zone. Over 700 square feet of storage space is available, suitable for storing kayaks or creating an office space. The roof was installed in 2019. All units include an in-unit washer and dryer. The exterior was repainted in the last couple of years. The property size is 2,612 square feet and the lot size is 0.0854 acres.
Key Highlights
- Tri‑plex allows owner occupancy with rental income potential
- Located in the Fairgrounds area, close to Jazz Fest
- Off‑street parking available
Local Financial Insights For Apartment 5plus
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 | $60.8k | $23.28 |
| − Vacancy | −$5.5k | −$2.12 |
| EGI | $55.3k | $21.16 |
| − OpEx | −$24.9k | −$9.52 |
| NOI | $30.4k | $11.64 |
2,612 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.5K
$413.4K – $551.2K
NOI $33,074 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.7K
NOI $30,401 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$683.5K
$598.0K – $797.4K
NOI $47,843 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Charming tri-plex near Jazz Fest with off-street parking.
Where is this triplex located?
The property is located at 1617 N BROAD Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Tri‑plex allows owner occupancy with rental income potential; Located in the Fairgrounds area, close to Jazz Fest; Off‑street parking available
