Camelback Triplex with Separate
For Sale
$435,000
Pending
1925 IBERVILLE Street, New Orleans, LA 70112
MULTI_FAMILY - New Orleans, LA
Property Size2,752 SF
Days on Market48
Property Features for 1925 IBERVILLE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Regular
Standard status
Pending
APN
1925-IBERVILLEST
Size
2,752 SF
Taxes and HOA fees
Tax Description
SQ 244 LOT 20 IBERVILLE 27X110 1925-27 IBERVILLE STREET
Legal Description
SQ 244 LOT 20 IBERVILLE 27X110 1925-27 IBERVILLE STREET
Utilities
Heating system
Central
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Stephen Nguyen · License #000077878
(504) 296-7722
Added: Jun 26
Changed: Aug 9
Last Checked: Aug 12 at 8:06AM
MLS# 2564883
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 1925-built camelback triplex contains 2,752 square feet across three residential units. The two shotgun-style units each provide 1,023 square feet of living area, while the rear upper unit offers 706 square feet with two independent bedrooms and a full bath. Furnished kitchens, full bathrooms, central heating, window unit cooling, a shingle roof, and public water service are among the property features.
The property is located on Iberville Street, one block from Canal Street and University Medical Center. The Canal Street streetcar line, I-10, the CBD, French Quarter, Lafitte Greenway, grocery stores, and restaurants are identified nearby. Separate electrical service is provided through three meters, with one water meter serving the property. The site is in an X Flood Zone.
The property is located on Iberville Street, one block from Canal Street and University Medical Center. The Canal Street streetcar line, I-10, the CBD, French Quarter, Lafitte Greenway, grocery stores, and restaurants are identified nearby. Separate electrical service is provided through three meters, with one water meter serving the property. The site is in an X Flood Zone.
Key Highlights
- Three‑unit camelback property with 2,752 square feet of living area
- Unit sizes include 1,023sf, 1,023sf, and 706sf
- Rear upper unit has 2 independent bedrooms and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,847
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,940
$696.9K
Cap Rate 7%
$497,814
$497.8K
Cap Rate 9%
$387,189
$387.2K
Market Conditions
NOI Build-Up for 2,752 SF
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.
Gross rent
$54.5K $19.80/SF
− Vacancy
−$4.7K −$1.71/SF
EGI
$49.8K $18.09/SF
− OpEx
−$14.9K −$5.43/SF
NOI
$34.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,940
Cap Rate 7%
$497,814
Cap Rate 9%
$387,189
Alternative Uses
Best Use
Multifamily LT 5
$497.8K
$435.6K – $580.8K
NOI $34,847 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$457.6K
$400.4K – $533.8K
NOI $32,030 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$699.5K
$612.0K – $816.1K
NOI $48,963 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,213
Businesses Nearby
Explore this area
Business Placement
Demographics for 70112, LA
4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include furnished kitchens, full baths, and a mix of shotgun-style and independent-bedroom layouts.
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 $435,000.
What are key features of this property?
This property features: Three‑unit camelback property with 2,752 square feet of living area; Unit sizes include 1,023sf, 1,023sf, and 706sf; Rear upper unit has 2 independent bedrooms and a full bath
