Triplex with Updated
For Sale
$559,000
1222 S Salcedo St, New Orleans, LA 70125
Tenant-occupied building with off-street parking, central air, and a flexible multi-unit configuration.
Property Size3,842 SF
Price / SF$145.50
Days on Market222
Property Features for 1222 S Salcedo St
General Information
Standard status
Active
Size
3,842 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Gert Town
Additional Details
Gross Income
$52,740
Multifamily Units
3
Amenities
off-street parking
Building Details
Year Built
1922
Listing Agency:
Talbot Realty Group
Listed By:
Christopher Talbot · License #000075986
(504) 319-1452
Source:
Fiorellaavenue
Added: Mar 19
Changed: Oct 25
Last Checked: Oct 7 at 1:49PM
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
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Investment Insights
Based on property information with market context.
This tenant-occupied triplex contains approximately 3,842 square feet arranged across three residential units. The property features updated interiors, central air, off-street parking, and a balcony, with a layout suited to its multi-unit configuration. The building was constructed in 1922 and includes asphalt, block, brick, and other exterior materials over a traditional slab foundation.
Located at 1222 South Salcedo Street in New Orleans, the property is offered for sale as part of a larger portfolio. Its existing occupancy and three-unit design provide a defined multifamily format for review.
Located at 1222 South Salcedo Street in New Orleans, the property is offered for sale as part of a larger portfolio. Its existing occupancy and three-unit design provide a defined multifamily format for review.
Key Highlights
- 3‑unit multifamily property
- Approximately 3,842 square feet
- Tenant‑occupied configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,649
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,980
$973.0K
Cap Rate 7%
$694,986
$695.0K
Cap Rate 9%
$540,544
$540.5K
Market Conditions
NOI Build-Up for 3,842 SF
Gross rent
$76.1K $19.80/SF
− Vacancy
−$6.6K −$1.71/SF
EGI
$69.5K $18.09/SF
− OpEx
−$20.8K −$5.43/SF
NOI
$48.6K $12.66/SF
Area
New Orleans, LA
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 Rate 5%
$972,980
Cap Rate 7%
$694,986
Cap Rate 9%
$540,544
Alternative Uses
Best Use
Multifamily LT 5
$695.0K
$608.1K – $810.8K
NOI $48,649 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$638.8K
$559.0K – $745.3K
NOI $44,716 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$976.5K
$854.5K – $1.14M
NOI $68,356 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
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
Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied building with off-street parking, central air, and a flexible multi-unit configuration.
Where is this triplex located?
The property is located at 1222 S Salcedo St New Orleans, LA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 3‑unit multifamily property; Approximately 3,842 square feet; Tenant‑occupied configuration
