Corner Lot Triplex With
1502 General Pershing Street New Orleans, LA 70115
1502 General Pershing Street, New Orleans, LA, 70115
$1,100,000
For Sale
$1,100,000
Triplex on a corner lot with two lower apartments and an owner’s unit featuring front and back porches and a large backyard.
Property Size4,173 SF
Price / SF$263.60
Days on Market259
Property Features for 1502 General Pershing Street
General Information
- Standard status
- Active
- Size
- 4,173 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1910
Listing agency
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 237-8615
Listed by
Charlotte Dorion · License #000044739
(504) 237-8615
Source
Compass
Added: Nov 6, 2025 Updated: Jul 23 at 3:38AM Checked: Jul 23 at 3:38AM
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 Berkshire Hathaway HomeServices Preferred, REALTOR
Investment Insights
Based on property information with market context.
This triplex offers a clear two-lower-unit configuration with an owner’s unit on the main level, plus outdoor space that includes front and back porches and a sizable backyard. The main-level owner’s unit includes a foyer opening to a living and dining room, a chef’s kitchen with breakfast area, island, and storage, and a utility room. Bedroom layout features include jack-and-jill bedrooms separated by a full bath, with an additional bedroom currently used as an office and an attached full bath.
The two lower apartments are described as Apt. A with two bedrooms and one bath, featuring a gated porch and a living/dining combo. Apt. B includes two bedrooms, one bath, a bonus room, and access to a gated parking area for two cars. The property is located on a corner lot within walking distance to St. Charles Avenue and Napoleon Avenue.
Offered for sale as a residential income triplex, it may appeal to buyers seeking an owner-occupied setup with rental income from the two lower units.
The two lower apartments are described as Apt. A with two bedrooms and one bath, featuring a gated porch and a living/dining combo. Apt. B includes two bedrooms, one bath, a bonus room, and access to a gated parking area for two cars. The property is located on a corner lot within walking distance to St. Charles Avenue and Napoleon Avenue.
Offered for sale as a residential income triplex, it may appeal to buyers seeking an owner-occupied setup with rental income from the two lower units.
Key Highlights
- Triplex on a corner lot with 2 lower apartments plus an owner’s unit
- Potential rental income of $6,200 per month, with Apt A at $1,300/month and Apt B at $1,400/month
- Owner’s unit features central air, central heat, a chefs kitchen with breakfast area and island, plus built‑in china cabinet and pantry
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 | $56.1k | $13.44 |
| − Vacancy | −$4.8k | −$1.16 |
| EGI | $51.2k | $12.28 |
| − OpEx | −$15.4k | −$3.68 |
| NOI | $35.9k | $8.60 |
4,173 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.4K
$448.4K – $597.8K
NOI $35,868 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$454.2K
$397.4K – $529.9K
NOI $31,795 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.10M
$963.3K – $1.28M
NOI $77,067 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex on a corner lot with two lower apartments and an owner’s unit featuring front and back porches and a large backyard.
Where is this triplex located?
The property is located at 1502 General Pershing Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Triplex on a corner lot with 2 lower apartments plus an owner’s unit; Potential rental income of $6,200 per month, with Apt A at $1,300/month and Apt B at $1,400/month; Owner’s unit features central air, central heat, a chefs kitchen with breakfast area and island, plus built‑in china cabinet and pantry
