Victorian
For Sale
$675,000
3001 DESOTO Street, New Orleans, LA 70119
Multi-Family, Victorian, New Orleans, LA
Property Size4,515 SF
Price / SF$149.50
Days on Market141
Property Features for 3001 DESOTO Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch
Fencing
Fenced
Lot features
Regular
Subdivision
Bayou St John
Standard status
Active
APN
3001-DESOTOST
Size
4,515 SF
Taxes and HOA fees
Tax Description
As Per Title
Legal Description
As Per Title
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1895
Floors in Building
2
Number of units
4
Roof type
Asphalt
Architectural style
Victorian
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Frederick Lemann
(504) 460-6340
Added: Apr 29
Changed: Sep 15
Last Checked: Sep 16 at 1:06AM
MLS# 2555565
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.
Built in 1895, this Victorian quadplex contains 4,515 square feet across four residential units. The property includes central heating and cooling, public water service, an asphalt roof, a porch, balcony, and fenced exterior areas. Two of the four bathrooms have been renovated, while the remaining improvements offer a renovation-oriented configuration.
Located at 3001 Desoto Street in New Orleans, the property is near Bayou St. John and within a walkable area with access to restaurants, Canseco’s, Terranova’s, Jazz Fest, and City Park. The asphalt roof is 2 years old, adding a recent building-system improvement to the property’s existing Victorian character.
Located at 3001 Desoto Street in New Orleans, the property is near Bayou St. John and within a walkable area with access to restaurants, Canseco’s, Terranova’s, Jazz Fest, and City Park. The asphalt roof is 2 years old, adding a recent building-system improvement to the property’s existing Victorian character.
Key Highlights
- Four‑unit quadplex with 4,515 square feet
- Victorian architectural style; built in 1895
- Two of 4 bathrooms have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,171
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,143,420
$1.1M
Cap Rate 7%
$816,729
$816.7K
Cap Rate 9%
$635,233
$635.2K
Market Conditions
NOI Build-Up for 4,515 SF
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.
Gross rent
$89.4K $19.80/SF
− Vacancy
−$7.7K −$1.71/SF
EGI
$81.7K $18.09/SF
− OpEx
−$24.5K −$5.43/SF
NOI
$57.2K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,143,420
Cap Rate 7%
$816,729
Cap Rate 9%
$635,233
Alternative Uses
Best Use
Multifamily LT 5
$816.7K
$714.6K – $952.9K
NOI $57,171 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$750.7K
$656.9K – $875.8K
NOI $52,549 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,700 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with central HVAC, a porch, balcony, and fenced grounds.
Where is this quadplex located?
The property is located at 3001 DESOTO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,515 square feet; Victorian architectural style; built in 1895; Two of 4 bathrooms have been renovated
