Triplex with Private Laundry
1827 Baronne Street New Orleans, LA 70113
1827 Baronne Street, New Orleans, LA, 70113
$449,000
For Sale
$449,000
This three-unit investment property features all units configured as 2 bedrooms and 1 bath, with independent bedrooms. Interiors include hardwood floors in the living areas and bedrooms, along with tall ceilings throughout. Kitchens and baths have been updated, and each unit has private laundry, plus its own separate electric meter. Tenants are month-to-month, and the property includes a large shared backyard. The building is located at 1827 Baronne Street, New Orleans, LA 70113, just a few blocks to St. Charles Ave. Gross rents are currently reported at $4,350 per month for the three units.
Property Size2,558 SF
Price / SF$175.53
Days on Market182
Property Features for 1827 Baronne Street
General Information
- Standard status
- Active
- Size
- 2,558 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing agency
McEnery Residential, LLC
(504) 259-2561
Listed by
Lesley Poche · License #000017799
(504) 259-2561
Source
Compass
Added: Jan 22 Updated: Jul 21 at 8:05AM Checked: Jul 22 at 10:48AM
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 McEnery Residential, LLC
Investment Insights
Based on property information with market context.
This three-unit investment property features all units configured as 2 bedrooms and 1 bath, with independent bedrooms. Interiors include hardwood floors in the living areas and bedrooms, along with tall ceilings throughout. Kitchens and baths have been updated, and each unit has private laundry, plus its own separate electric meter. Tenants are month-to-month, and the property includes a large shared backyard.
The building is located at 1827 Baronne Street, New Orleans, LA 70113, just a few blocks to St. Charles Ave.
Gross rents are currently reported at $4,350 per month for the three units.
The building is located at 1827 Baronne Street, New Orleans, LA 70113, just a few blocks to St. Charles Ave.
Gross rents are currently reported at $4,350 per month for the three units.
Key Highlights
- Three‑unit investment property with strong rental history; all units are 2 bed/1 bath and tenant are month‑to‑month (MTM).
- Gross rents currently $4,350/mo for the three units.
- Updated kitchens and baths in each unit, plus hardwood floors in living areas and bedrooms.
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 | $50.6k | $19.80 |
| − Vacancy | −$4.4k | −$1.71 |
| EGI | $46.3k | $18.09 |
| − OpEx | −$13.9k | −$5.43 |
| NOI | $32.4k | $12.66 |
2,558 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.7K
$404.9K – $539.9K
NOI $32,391 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$425.3K
$372.2K – $496.2K
NOI $29,772 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$650.2K
$568.9K – $758.5K
NOI $45,511 @ 7.0% cap · market cap 10.14%
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 - This three-unit investment property features all units configured as 2 bedrooms and 1 bath, with independent bedrooms. Interiors include hardwood floors in the living areas and bedrooms, along with tall ceilings throughout. Kitchens and baths have been updated, and each unit has private laundry, plus its own separate electric meter. Tenants are month-to-month, and the property includes a large shared backyard.
The building is located at 1827 Baronne Street, New Orleans, LA 70113, just a few blocks to St. Charles Ave.
Gross rents are currently reported at $4,350 per month for the three units.
Where is this triplex located?
The property is located at 1827 Baronne Street New Orleans, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three‑unit investment property with strong rental history; all units are 2 bed/1 bath and tenant are month‑to‑month (MTM).; Gross rents currently $4,350/mo for the three units.; Updated kitchens and baths in each unit, plus hardwood floors in living areas and bedrooms.
