New Orleans Triplex Investment
1827 BARONNE Street New Orleans, LA 70113
1827 BARONNE Street, New Orleans, LA, 70113
$439,000
For Sale
$439,000
MULTI_FAMILY - New Orleans, LA
Property Size2,558 SF
Price / SF$171.62
Days on Market166
Property Features for 1827 BARONNE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 1827-BARONNEST
- Size
- 2,558 SF
Taxes and HOA fees
- Tax Description
- SQ 267 LOT 40 BARONNE ST 30X120 = 3600 SQ FT DBLE 1827/29 BARONNE ST
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Architectural style
- Victorian
Listing Agency
McEnery Residential, LLC
(504) 605-4400
4901 Magazine Street, New Orleans, LA
Listed by
Lesley Poche · License #000017799
(504) 605-4400
Added: Feb 2 Checked: Jul 18 at 10:06 am
MLS# 2541125
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 three-unit investment property is located just a few blocks from St. Charles Avenue in New Orleans. Each of the three units features two bedrooms and one bathroom, with independent bedrooms and updated kitchens and baths. The units have hardwood floors in the living areas and bedrooms, as well as tall ceilings throughout. Each unit is equipped with private laundry facilities and separate electric meters. The property includes a large shared backyard. The gross rents are currently $4,350 per month. All tenants are currently month-to-month. The property size is 2558 square feet.
Key Highlights
- Strong rental history with gross rents of $4,350/month.
- Prime location: just a few blocks from St. Charles Ave.
- Three 2 bed/1 bath units, ideal for investment.
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 | $50.6k | $19.80 |
| − Vacancy | −$4.4k | −$1.71 |
| EGI | $46.3k | $18.09 |
| − OpEx | −$13.9k | −$5.43 |
| NOI | $32.4k | $12.66 |
2,558 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.7K
$404.9K – $539.9K
NOI $32,391 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$425.3K
$372.2K – $496.2K
NOI $29,772 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$650.2K
$568.9K – $758.5K
NOI $45,511 @ 7.0% cap · market cap 10.37%
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 - Three-unit property near St. Charles Ave with strong rental history.
Where is this triplex located?
The property is located at 1827 BARONNE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Strong rental history with gross rents of $4,350/month.; Prime location: just a few blocks from St. Charles Ave.; Three 2 bed/1 bath units, ideal for investment.
