Updated Triplex with Private
For Sale
$439,000
1827 Baronne St, New Orleans, LA 70113
Each apartment offers two bedrooms, one bathroom, private laundry, and separately metered electricity.
Property Size2,558 SF
Price / SF$171.62
Days on Market69
Property Features for 1827 Baronne St
General Information
Standard status
Active
Size
2,558 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$52,200
Amenities
private laundry
large shared backyard
Building Details
Year Built
1900
Listing Agency:
McEnery Residential, LLC
Listed By:
Lesley Poche · License #000017799
(504) 259-2561
Source:
Fiorellaavenue
Added: Aug 8
Changed: Oct 14
Last Checked: Oct 7 at 2:14PM
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
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,558-square-foot triplex includes three apartments with consistent two-bedroom, one-bath layouts. The interiors feature updated kitchens and bathrooms, hardwood flooring in the living spaces and bedrooms, and tall ceilings. Private laundry areas and separate electric meters serve each apartment, while a large shared backyard provides common outdoor space.
The property is located a few blocks from St. Charles Ave in New Orleans. All tenants are currently on month-to-month arrangements, providing a straightforward existing occupancy structure for the next owner.
The property is located a few blocks from St. Charles Ave in New Orleans. All tenants are currently on month-to-month arrangements, providing a straightforward existing occupancy structure for the next owner.
Key Highlights
- Three‑unit property with 2,558 square feet, built in 1900
- All units are 2 bed/1 bath
- Updated kitchens and baths throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,391
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,820
$647.8K
Cap Rate 7%
$462,729
$462.7K
Cap Rate 9%
$359,900
$359.9K
Market Conditions
NOI Build-Up for 2,558 SF
Gross rent
$50.6K $19.80/SF
− Vacancy
−$4.4K −$1.71/SF
EGI
$46.3K $18.09/SF
− OpEx
−$13.9K −$5.43/SF
NOI
$32.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,820
Cap Rate 7%
$462,729
Cap Rate 9%
$359,900
Alternative Uses
Best Use
Multifamily LT 5
$462.7K
$404.9K – $539.9K
NOI $32,391 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$425.3K
$372.2K – $496.2K
NOI $29,772 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$650.2K
$568.9K – $758.5K
NOI $45,511 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,948
Businesses Nearby
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Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment offers two bedrooms, one bathroom, private laundry, and separately metered electricity.
Where is this triplex located?
The property is located at 1827 Baronne St New Orleans, LA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Three‑unit property with 2,558 square feet, built in 1900; All units are 2 bed/1 bath; Updated kitchens and baths throughout
