3-Unit Victorian
For Sale
$439,000
1827 BARONNE Street, New Orleans, LA 70113
Multifamily, New Orleans, LA
Property Size2,558 SF
Price / SF$171.62
Days on Market264
Property Features for 1827 BARONNE Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Standard status
Active
APN
1827-BARONNEST
Size
2,558 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private laundry
large shared backyard
Building Details
Year built
1900
Number of units
3
Building materials
Vinyl Siding, Wood Siding
Architectural style
Victorian
Listing Agency:
McEnery Residential, LLC (MCEN02)
(504) 605-4400
Listed By:
Lesley F Poche · License #000017799
(504) 259-2561
Added: Feb 2
Changed: Oct 23
Last Checked: Oct 24 at 8:06AM
MLS# 2541125
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,558-square-foot Victorian property contains three residences, each configured with two bedrooms and one bathroom. Interiors feature updated kitchens and baths, hardwood floors in the living areas and bedrooms, and high ceilings. Each unit also has its own laundry and electric meter. Central heating and air conditioning serve the building, with a porch and shared backyard among the exterior features.
The property is a few blocks from St. Charles Avenue in New Orleans. All three units are occupied on month-to-month tenancies. Public water and sewer serve the property.
The property is a few blocks from St. Charles Avenue in New Orleans. All three units are occupied on month-to-month tenancies. Public water and sewer serve the property.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- 2,558 square feet; built in 1900 with Victorian architecture
- Updated kitchens and bathrooms, plus hardwood flooring in living areas and bedrooms
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.
How Realmo checks its estimates
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has private laundry, separate electric metering, and a two-bedroom layout.
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: Three units, each with 2 bedrooms and 1 bathroom; 2,558 square feet; built in 1900 with Victorian architecture; Updated kitchens and bathrooms, plus hardwood flooring in living areas and bedrooms
