1620 BROADWAY Street New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Features for 1620 BROADWAY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 615310011
- Size
- 3,311 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- As Per Title
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Joey Walker License #995699523 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Jul 10, 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.
Investment Insights
Based on property information with market context.
The ground level features two generously sized one-bedroom, two-bath apartments, along with a separate shared laundry room. The property is situated on an oversized 45' x 120' lot with a long driveway, carport, and ample off-street parking. Additional noted improvements include a new roof scheduled for 2026 and numerous updates made over the years.
Key Highlights
- Triplex on an oversized 45' x 120' lot with long driveway, carport, and ample off‑street parking
- Upper unit features 4 bedrooms, 2 bathrooms, in‑unit laundry, and direct backyard access
- Upper unit includes an open living/dining layout, kitchen, and front porch
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 | $65.6k | $19.80 |
| − Vacancy | −$5.7k | −$1.71 |
| EGI | $59.9k | $18.09 |
| − OpEx | −$18.0k | −$5.43 |
| NOI | $41.9k | $12.66 |
