1925 IBERVILLE Street, New Orleans, LA 70112
- 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
Listing agent Stephen Nguyen License #000077878 (504) 669-8822
Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA (504) 455-0100
Listing date Jan 26, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.079214
- Latitude
- 29.961826