Historic Marigny Triangle
1635 Pauger Street New Orleans, LA 70116
1635 Pauger Street, New Orleans, LA, 70116
$419,000
For Sale
$419,000
Triplex with three one-bedroom, one-bath units, freshly painted interiors, and remodeled front kitchens.
Property Size1,706 SF
Price / SF$245.60
Days on Market91
Property Features for 1635 Pauger Street
General Information
- Standard status
- Active
- Size
- 1,706 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing agency
FQR Realtors
(504) 603-6577
Listed by
Jacob Freedman · License #995703560
(504) 603-6577
Source
Compass
Added: Apr 22 Updated: Jul 21 at 6:06AM Checked: Jul 21 at 6:06AM
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 FQR Realtors
Investment Insights
Based on property information with market context.
This historic triplex features three one-bedroom, one-bath units with tall ceilings and updated, freshly painted interiors. The front unit kitchens were remodeled in 2026 with new cabinets, countertops, and appliances. Each unit is equipped with a stackable washer/dryer, and the tank water heaters service all three units. All units are currently vacant.
Located in the Marigny Triangle area, the property is described as being just blocks to downtown New Orleans destinations.
The layout consists of three separate residential units within a single triplex building, providing three independent leases once reoccupied.
Located in the Marigny Triangle area, the property is described as being just blocks to downtown New Orleans destinations.
The layout consists of three separate residential units within a single triplex building, providing three independent leases once reoccupied.
Key Highlights
- 3‑unit triplex with three 1‑bedroom, 1‑bath units in the Marigny Triangle just blocks to downtown New Orleans
- Both front unit kitchens remodeled in 2026 with new cabinets, countertops, and appliances
- Freshly painted interiors; tall ceilings and historic charm
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 | $33.8k | $19.80 |
| − Vacancy | −$2.9k | −$1.71 |
| EGI | $30.9k | $18.09 |
| − OpEx | −$9.3k | −$5.43 |
| NOI | $21.6k | $12.66 |
1,706 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$308.6K
$270.0K – $360.0K
NOI $21,602 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$283.7K
$248.2K – $330.9K
NOI $19,856 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$433.6K
$379.4K – $505.9K
NOI $30,353 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three one-bedroom, one-bath units, freshly painted interiors, and remodeled front kitchens.
Where is this triplex located?
The property is located at 1635 Pauger Street New Orleans, LA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 3‑unit triplex with three 1‑bedroom, 1‑bath units in the Marigny Triangle just blocks to downtown New Orleans; Both front unit kitchens remodeled in 2026 with new cabinets, countertops, and appliances; Freshly painted interiors; tall ceilings and historic charm
