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    Well-Maintained Camelback Tri-plex Title is generated by Realmo AI

    1925 IBERVILLE Street, New Orleans, LA 70112

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    For Sale
    $449,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    2,752 SF
    Price / SF:
    $163/SF
    Added:
    Jan 26, 2026
    Days on Market:
    137
    Last Refresh:
    Jun 12 at 7:06 am

    Property Features for 1925 IBERVILLE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1925-IBERVILLEST
    Size
    2,752 SF

    Taxes and HOA fees

    Tax Description
    SQ 244 LOT 20 IBERVILLE 27X110 1925-27 IBERVILLE STREET

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    3
    Roof type
    Shingle
    Architectural style
    Other

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    Listing Contact
    Stephen Nguyen
    Stephen Nguyen

    Listing agent Stephen Nguyen License #000077878

    Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA

    Listing date Jan 26, 2026

    MLS# 2539966 Listing URL

    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.

    HighLights

    • Prime investment opportunity as a well‑maintained tri‑plex in a desirable location.
    • Ideal for owner‑occupant: live in one unit and rent out the other two.
    • Excellent location: one block from Canal St and University Medical Center, with easy access to transportation, I‑10, and amenities.
    • Current rental income $1,500/month with projected income up to $4,200.
    • Three separate electrical meters.
    • Located in X Flood Zone.

    Overview

    This property is a well maintained camelback tri-plex configured with three residential units. Units 1925 and 1927 feature shotgun style layouts with 1,023 square feet of living area each, with full baths and kitchens described as fully furnished. The units are presented as having comfortable living spaces and natural lighting in every room. Unit 1925-A is located in the rear of the property on the second floor and is described as having 706 square feet of living area, two independent bedrooms, and a full bath.

    The building is located on Iberville Street in New Orleans, positioned one block from Canal St and University Medical Center. It offers easy access to the Canal St Streetcar line and Interstate 10, with additional proximity to the CBD and French Quarter, as well as Lafitte Greenway. The area also includes many nearby grocery stores and restaurants.

    The tri-plex can work well for an owner occupant looking to live in one unit and rent the other two. The listing notes that Unit 1927 has a long term tenant paying $1,500 per month, while Unit 1925 is projected at $1,500 per month and Unit 1925-A is projected at $1,200 per month. The property has three separate electrical meters and one water meter, and it is identified as being in X Flood Zone.

    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 $54.5k $19.80
    − Vacancy −$4.7k −$1.71
    EGI $49.8k $18.09
    − OpEx −$14.9k −$5.43
    NOI $34.8k $12.66
    2,752 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $497.8K
    $435.6K – $580.8K (±1% cap)
    NOI $34,847 @ 7.0% cap · market cap 7.76%
    Second Best
    Apartment 5plus
    $457.6K
    $400.4K – $533.8K (±1% cap)
    NOI $32,030 @ 7.0% cap · market cap 7.13%
    Theoretical Best
    Office A
    $699.5K
    $612.0K – $816.1K (±1% cap)
    NOI $48,963 @ 7.0% cap · market cap 10.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.079214
    Latitude
    29.961826

    FAQs

    What type of property is this?
    Triplex - A well kept three-unit camelback tri-plex with separate electrical meters and strong owner-occupant flexibility.
    Where is this triplex located?
    The property is located at 1925 IBERVILLE 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: Prime investment opportunity as a well‑maintained tri‑plex in a desirable location.; Ideal for owner‑occupant: live in one unit and rent out the other two.; Excellent location: one block from Canal St and University Medical Center, with easy access to transportation, I‑10, and amenities.
    More about this property
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