1435 LESSEPS Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
- Added:
- Jan 12, 2026
- Days on Market:
- 151
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 1435 LESSEPS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 39W309618
- Size
- 2,267 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- AS PER TITLE
Utilities
- Heating system
- Central, Ductless (Heating), Other (Heating)
- Cooling system
- Wall Unit(s), Central Air, Ductless
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Rachel Silvers License #995694275 (504) 256-6311
Listing office Galiano Realty 3414 B Canal Street, New Orleans, LA (504) 256-6311
Listing date Jan 12, 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
- 2023 new construction Bywater multi‑family home with a 3‑bedroom, 2.5‑bath main unit plus a bonus studio apartment
- Main home features hardwood floors and a sunlit open‑concept living area
- Chef‑style kitchen includes quartz countertops and a large waterfall island, plus a dining area
- Primary en suite offers a soaking tub, double vanity, and separate shower
- Studio apartment includes quartz counters, a custom walk‑in closet, and a private bathroom
- Exterior includes a fenced yard, front porch, and off‑street parking; public water and shingle roof
Overview
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 | $44.9k | $19.80 |
| − Vacancy | −$3.9k | −$1.71 |
| EGI | $41.0k | $18.09 |
| − OpEx | −$12.3k | −$5.43 |
| NOI | $28.7k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.031189
- Latitude
- 29.968773
