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    1618 Broadway St New Orleans, LA 70118

    For Sale
    $775,000

    Craftsman, 3 Plex - New Orleans, LA

    Property size:
    3,125 SF
    Days on Market:
    60
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 1618 Broadway St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry
    Parking features
    Driveway
    Patio and Porch features
    Porch
    EntryLevel
    1
    Exterior features
    Fence, Porch
    Fencing
    Fenced
    Size
    3,125 SF

    Utilities

    Heating system
    Central, Ductless (Heating), Other (Heating)
    Cooling system
    Central Air, Ductless, Wall Unit(s)

    Building Details

    Floors in Building
    2
    Number of units
    3
    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    Craftsman

    Rêve | Realtors (504) 300-0700 [email protected]

    Listing agent Joey Walker (504) 300-0700

    Listing date Oct 7, 2025

    MLS# 2525267 Listing URL

    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    University Area Three-Plex

    This three-unit property is located near Tulane University. The main floor unit features four bedrooms and two bathrooms, wood floors, high ceilings, and renovated kitchen and bathrooms. It is currently rented for $4800 per month. The lower units each contain one bedroom and two bathrooms, renovated kitchens and bathrooms, and tile floors. One lower unit is rented for $1450. The other lower unit was previously rented for $1300. The total potential rent for the property is $7,550 or more per month. The property includes a large lot with a driveway. The property is currently configured as an owner-occupied unit with two rental units. The property size is 3125 square feet.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1202958
    Latitude
    29.9459044

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near Tulane University with strong rental income potential.
    Where is this triplex located?
    The property is located at 1618 Broadway St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Large 4 bedroom/2 bath "owner's unit" featuring a renovated kitchen and baths, wood floors, and high ceilings.; - Prime location just blocks from Tulane University.; - Strong income potential with total potential rent of $7,550/month+.
    (504) 300-0700
    Request Owner's contact information
    1618 Broadway St New Orleans, LA 70118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1618 Broadway St New Orleans, LA 70118
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