Historic Multifamily Estate with Three
1803-07 Calhoun Street New Orleans, LA 70118
For Sale
$2,450,000
Three architecturally cohesive residential structures on one corner lot each provide independent utility setups and in-unit laundry.
Property Size7,084 SF
Price / SF$345.85
Days on Market193
Property Features for 1803-07 Calhoun Street
General Information
- Standard status
- Active
- Size
- 7,084 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing Agency:
LATTER & BLUM
(504) 669-0211
Listed By:
Eleanor Farnsworth · License #000042529
(504) 669-0211
Source:
Compass
Added: Jan 12
Changed: Jul 23
Last Checked: Jul 23 at 10:36AM
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 LATTER & BLUM
Investment Insights
Based on property information with market context.
This for-sale multifamily estate is situated on a large landscaped corner lot and includes three architecturally cohesive structures within a single tax parcel. The main residence is a two-story antebellum home with classical columns, full-width galleries, high ceilings, and a brick stair approach behind wrought-iron fencing. A private elevator connects an owner-occupied second floor and a portion of the first floor, where the remaining first-floor area operates as a separately metered rental unit. At the rear, a detached carriage house includes a fully independent second-floor apartment above the garage. A separate detached cottage provides an additional self-contained residence.
The property’s outdoor space includes both private and shared areas, with access for all units. Each unit has its own laundry facilities, and all structures benefit from independent utility configurations. Recent roof replacements and updated plumbing infrastructure are noted, along with well-maintained systems throughout the estate. The main residence also includes a three-bay garage that could accommodate up to five cars.
The property’s outdoor space includes both private and shared areas, with access for all units. Each unit has its own laundry facilities, and all structures benefit from independent utility configurations. Recent roof replacements and updated plumbing infrastructure are noted, along with well-maintained systems throughout the estate. The main residence also includes a three-bay garage that could accommodate up to five cars.
Key Highlights
- Three architecturally cohesive residential structures on a huge landscaped corner lot in New Orleans
- 10 bedrooms and 8 total bathrooms (7 full, 1 partial) across the main residence, carriage house, and detached cottage
- Main two‑story antebellum home with full‑width galleries, classical columns, and high ceilings, plus 3‑bay garage
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 | $140.3k | $19.80 |
| − Vacancy | −$12.1k | −$1.71 |
| EGI | $128.1k | $18.09 |
| − OpEx | −$38.4k | −$5.43 |
| NOI | $89.7k | $12.66 |
7,084 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,701 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,450 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,036 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Three architecturally cohesive residential structures on one corner lot each provide independent utility setups and in-unit laundry.
Where is this quadplex located?
The property is located at 1803-07 Calhoun Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Three architecturally cohesive residential structures on a huge landscaped corner lot in New Orleans; 10 bedrooms and 8 total bathrooms (7 full, 1 partial) across the main residence, carriage house, and detached cottage; Main two‑story antebellum home with full‑width galleries, classical columns, and high ceilings, plus 3‑bay garage
