1010 PHILIP Street, New Orleans, LA 70130
- Added:
- Jun 11, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 11 at 11:06 pm
Property Features for 1010 PHILIP Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Balcony, Courtyard, Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 1010-PHILIPST
- Size
- 6,000 SF
Taxes and HOA fees
- Tax Description
- 1. SQ 133 LOT E-1 PHILIP ST 2. 53 X 127 1010/12 3. 1010 PHILIP ST
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1863
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Victorian
Listing agent Nathalie Dubois License #995703042 (504) 799-1702
Listing office Berkshire Hathaway HomeServices Preferred, REALTOR 4018 Magazine St., New Orleans, LA (504) 799-1702
Listing date Jun 11, 2026
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.
HighLights
- Historic Greek Revival 4‑plex built in 1863 with Victorian architectural style
- Four units, each approx. 1,500 SF, with similar layouts and generous room sizes
- Central heating and central air conditioning for the building
- Separated meters and large private laundry rooms in each unit
- Original details including wood floors, mantles, medallions, and light fixtures
- Exterior features include balcony, courtyard, and fenced yard; shingle roof and public water supply
Overview
Located at 1010 Philip Street in New Orleans, the property is described as being just half a block from Magazine Street. Public remarks also note space for a driveway, with paving already present at the road, which can help support additional parking or access needs depending on how the property is configured.
This type of asset can appeal to buyers looking for a four-unit residential income setup with consistent unit layouts and utility separation. It may also fit an end user or developer interested in converting the building into condos or potentially into a single-family home, subject to the appropriate approvals and design decisions. The mix of historic character and in-unit laundry conveniences supports a practical living experience for residents.
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 | $118.8k | $19.80 |
| − Vacancy | −$10.3k | −$1.71 |
| EGI | $108.5k | $18.09 |
| − OpEx | −$32.6k | −$5.43 |
| NOI | $76.0k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.077483
- Latitude
- 29.928264
