Tenant-Occupied Triplex
1222 S Salcedo Street New Orleans, LA 70125
For Sale
$569,000
Tenant-occupied 3-unit multifamily with updated interiors and off-street parking, currently producing $4,395 monthly gross rent.
Property Size3,842 SF
Price / SF$148.10
Days on Market169
Property Features for 1222 S Salcedo Street
General Information
- Standard status
- Active
- Size
- 3,842 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1922
Listing Agency:
Talbot Realty Group
(504) 319-1452
Listed By:
Christopher Talbot · License #000075986
(504) 319-1452
Source:
Nolalivingrealty
Added: Feb 4
Changed: Jul 22
Last Checked: Jul 23 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Talbot Realty Group
Investment Insights
Based on property information with market context.
This tenant-occupied triplex presents a flexible 3-unit multifamily layout with updated interiors and off-street parking. The property is currently generating $4,395 per month in gross rental income and is offered with approximately 3,842 square feet of space.
Located at 1222 S Salcedo Street in New Orleans, this income-producing property is being marketed as part of a larger portfolio sale. Owner financing is also available.
For investors seeking an in-place cash-flowing multifamily asset, the current rental income provides immediate occupancy context while the property’s updates and multi-unit configuration support practical day-to-day management.
Located at 1222 S Salcedo Street in New Orleans, this income-producing property is being marketed as part of a larger portfolio sale. Owner financing is also available.
For investors seeking an in-place cash-flowing multifamily asset, the current rental income provides immediate occupancy context while the property’s updates and multi-unit configuration support practical day-to-day management.
Key Highlights
- Tenant‑occupied 3‑unit multifamily producing $4,395 per month in current gross rental income
- Approximately 3,842 sq ft with a flexible multi‑unit layout
- Updated interiors throughout
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 | $76.1k | $19.80 |
| − Vacancy | −$6.6k | −$1.71 |
| EGI | $69.5k | $18.09 |
| − OpEx | −$20.8k | −$5.43 |
| NOI | $48.6k | $12.66 |
3,842 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$695.0K
$608.1K – $810.8K
NOI $48,649 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$638.8K
$559.0K – $745.3K
NOI $44,716 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$976.5K
$854.5K – $1.14M
NOI $68,356 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Tenant-occupied 3-unit multifamily with updated interiors and off-street parking, currently producing $4,395 monthly gross rent.
Where is this triplex located?
The property is located at 1222 S Salcedo Street New Orleans, LA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Tenant‑occupied 3‑unit multifamily producing $4,395 per month in current gross rental income; Approximately 3,842 sq ft with a flexible multi‑unit layout; Updated interiors throughout
