New Orleans Triplex Investment
For Sale
$439,000
1827 BARONNE Street, New Orleans, LA 70113
MULTI_FAMILY - New Orleans, LA
Property Size2,558 SF
Price / SF$171.62
Days on Market178
Property Features for 1827 BARONNE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
1827-BARONNEST
Size
2,558 SF
Taxes and HOA fees
Tax Description
SQ 267 LOT 40 BARONNE ST 30X120 = 3600 SQ FT DBLE 1827/29 BARONNE ST
Legal Description
SQ 267 LOT 40 BARONNE ST 30X120 = 3600 SQ FT DBLE 1827/29 BARONNE ST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private laundry
separate electric meters
large shared backyard
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Architectural style
Victorian
Listing Agency:
McEnery Residential, LLC
(504) 605-4400
Listed By:
Lesley Poche · License #000017799
(504) 259-2561
Added: Feb 2
Changed: Jul 28
Last Checked: Jul 30 at 9:06PM
MLS# 2541125
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.
This three-unit investment property is located just a few blocks from St. Charles Avenue in New Orleans. Each of the three units features two bedrooms and one bathroom, with independent bedrooms and updated kitchens and baths. The units have hardwood floors in the living areas and bedrooms, as well as tall ceilings throughout. Each unit is equipped with private laundry facilities and separate electric meters. The property includes a large shared backyard. The gross rents are currently $4,350 per month. All tenants are currently month-to-month. The property size is 2558 square feet.
Key Highlights
- Strong rental history with gross rents of $4,350/month.
- Prime location: just a few blocks from St. Charles Ave.
- Three 2 bed/1 bath units, ideal for investment.
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 7.38%
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,948
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property near St. Charles Ave with strong rental history.
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 $439,000.
What are key features of this property?
This property features: Strong rental history with gross rents of $4,350/month.; Prime location: just a few blocks from St. Charles Ave.; Three 2 bed/1 bath units, ideal for investment.
