Historic Triplex with Separate
1915-1917 Bayou Road New Orleans, LA 70116
For Sale
$287,000
Historic triplex offers three separately metered units with updated interiors and original features throughout.
Property Size2,255 SF
Price / SF$127.27
Days on Market436
Property Features for 1915-1917 Bayou Road
General Information
- Standard status
- Active
- Size
- 2,255 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing Agency:
McEnery Residential, LLC
(504) 261-6867
Listed By:
Rebecca Waxman · License #995706680
(504) 261-6867
Source:
Compass
Added: May 15, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:45AM
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.
Historic triplex at 1915-1917 Bayou Road with three separately metered units, providing flexibility for investment or owner occupancy. The 1915 ground-floor unit is a renovated 1-bedroom, 1-bath layout featuring polished original hardwood floors and an updated kitchen and bathroom. The 1917 upstairs unit includes a spacious living area with the kitchen, bathroom, and two bedrooms positioned just off the main space, offering two equally sized bedrooms. The 1913 detached two-story home offers a generously sized kitchen and living room on the downstairs level, with a large landing currently used as a second bedroom, plus another bedroom and a full bathroom upstairs.
Located in the Treme neighborhood, the property is one block from Esplanade Avenue and is within walking distance to coffee shops, the French Quarter, and the Marigny.
Units are configured as independent spaces within the triplex structure, with each unit having its own separate meter.
Located in the Treme neighborhood, the property is one block from Esplanade Avenue and is within walking distance to coffee shops, the French Quarter, and the Marigny.
Units are configured as independent spaces within the triplex structure, with each unit having its own separate meter.
Key Highlights
- Historic triplex built in 1920 with wood siding, asphalt roof, and 2 stories
- Three separately metered units with 5 bedrooms total and 3 full bathrooms
- Unit 1915: renovated 1BD/1BA ground‑floor with polished original hardwood floors and updated kitchen and bathroom
Financial Insights For Apartment 5plus
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 | $52.5k | $23.28 |
| − Vacancy | −$4.8k | −$2.12 |
| EGI | $47.7k | $21.16 |
| − OpEx | −$21.5k | −$9.52 |
| NOI | $26.2k | $11.64 |
2,255 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$407.9K
$356.9K – $475.9K
NOI $28,554 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$374.9K
$328.1K – $437.4K
NOI $26,246 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$573.1K
$501.5K – $668.7K
NOI $40,120 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Historic triplex offers three separately metered units with updated interiors and original features throughout.
Where is this triplex located?
The property is located at 1915-1917 Bayou Road New Orleans, LA.
What is the asking price?
The asking price for this property is $287,000.
What are key features of this property?
This property features: Historic triplex built in 1920 with wood siding, asphalt roof, and 2 stories; Three separately metered units with 5 bedrooms total and 3 full bathrooms; Unit 1915: renovated 1BD/1BA ground‑floor with polished original hardwood floors and updated kitchen and bathroom
