Leased Triplex with Off-Street
2001 S CARROLLTON Avenue, New Orleans, LA 70118
For Sale
$775,000
A 1920-built rental property at S Carrollton Avenue and Spruce Street has tenants in place and off-street parking.
Property Size5,366 SF
Days on Market89
Property Features for 2001 S CARROLLTON Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Blue Heron Realty
Listed By:
Jessica Lasseigne · License #995691015
(985) 792-7350
Source:
Ewbank.kw
Added: Aug 13
Changed: Nov 7
Last Checked: Nov 8 at 2:30AM
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 Blue Heron Realty
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Investment Insights
Based on property information with market context.
This triplex, built in 1920, is currently leased and includes off-street parking. Its existing occupancy provides rental income, while the property’s three-unit classification offers a defined multifamily configuration.
The property sits at S Carrollton Avenue and Spruce Street, with a streetcar line outside. Tulane and Loyola Universities, Audubon Park, Oak Street, Maple Street, restaurants, shopping, and everyday amenities are identified nearby.
The property sits at S Carrollton Avenue and Spruce Street, with a streetcar line outside. Tulane and Loyola Universities, Audubon Park, Oak Street, Maple Street, restaurants, shopping, and everyday amenities are identified nearby.
Key Highlights
- Triplex currently fully leased
- Off‑street parking
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,947
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,358,940
$1.4M
Cap Rate 7%
$970,671
$970.7K
Cap Rate 9%
$754,967
$755.0K
Market Conditions
NOI Build-Up for 5,366 SF
Gross rent
$106.2K $19.80/SF
− Vacancy
−$9.2K −$1.71/SF
EGI
$97.1K $18.09/SF
− OpEx
−$29.1K −$5.43/SF
NOI
$67.9K $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%
$1,358,940
Cap Rate 7%
$970,671
Cap Rate 9%
$754,967
Alternative Uses
Best Use
Multifamily LT 5
$970.7K
$849.3K – $1.13M
NOI $67,947 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$892.2K
$780.7K – $1.04M
NOI $62,454 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,470 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
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Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in New Orleans, LA
Properties on Market for Triplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A 1920-built rental property at S Carrollton Avenue and Spruce Street has tenants in place and off-street parking.
Where is this triplex located?
The property is located at 2001 S CARROLLTON Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Triplex currently fully leased; Off‑street parking; Built in 1920
