Historic Triplex with
New
For Sale
$550,000
2001 SAINT CLAUDE Avenue, New Orleans, LA 70116
Multi-Family, Creole Cottage, New Orleans, LA
Property Size2,892 SF
Lot Size0.04 Acres
Price / SF$190.18
Days on Market2
Property Features for 2001 SAINT CLAUDE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Balcony, Courtyard
Lot features
Corner
Subdivision
Marigny
Standard status
Active
APN
37W103701
Size
2,892 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
SQ 388 LOT B PT 1 ST CLAUDE AND TOURO 31 X 62 OVER 55 C/BACK DBLE SIDING 5/RMS EACH S/R
Legal Description
SQ 388 LOT B PT 1 ST CLAUDE AND TOURO 31 X 62 OVER 55 C/BACK DBLE SIDING 5/RMS EACH S/R
Utilities
Heating system
Central
Cooling system
Ductless, Wall Unit(s)
Water source
Public
Building Details
Year built
1830
Floors in Building
2
Number of units
3
Architectural style
Cottage
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie Witry · License #995710150
(504) 919-8585
Added: Sep 2
Last Checked: Sep 3 at 10:06AM
MLS# 2575313
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 2,892-square-foot cottage-style triplex includes a 628-square-foot storefront, a 688-square-foot unit, and a 1,226-square-foot upper residence. The property also offers a balcony and courtyard, with central heating, ductless cooling, and wall-unit cooling. Three electrical meters and one public water connection serve the building; there is no gas meter. The structure dates to 1830.
The building occupies a 31 x 62-foot parcel, with the separate tax parcel at 1113 Touro included in the sale. Both parcels are zoned HMC-2 within the Historic Marigny/Treme/Bywater Commercial District. Permitted uses listed for the zoning include retail, restaurant, catering kitchen, art gallery, recording studio, childcare, educational facility, cultural facility, hospitality center, social club or lodge, and place of worship. The property is in Flood Zone X and the Faubourg Marigny Historic District, and is identified within the St. Claude Corridor Cultural Products District.
The building occupies a 31 x 62-foot parcel, with the separate tax parcel at 1113 Touro included in the sale. Both parcels are zoned HMC-2 within the Historic Marigny/Treme/Bywater Commercial District. Permitted uses listed for the zoning include retail, restaurant, catering kitchen, art gallery, recording studio, childcare, educational facility, cultural facility, hospitality center, social club or lodge, and place of worship. The property is in Flood Zone X and the Faubourg Marigny Historic District, and is identified within the St. Claude Corridor Cultural Products District.
Key Highlights
- 2,892 sq. ft. triplex with 628 sq. ft. storefront, 688 sq. ft. unit, and 1,226 sq. ft. upper unit
- Separate 1113 Touro tax parcel included; lot measures 36 x 31
- Building parcel measures 31 x 62 and sits on a corner lot
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
$39,042
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
7.10%
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%
$780,840
$780.8K
Cap Rate 7%
$557,743
$557.7K
Cap Rate 9%
$433,800
$433.8K
Market Conditions
NOI Build-Up for 2,892 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
$69.4K $24.00/SF
− Vacancy
−$6.9K −$2.40/SF
EGI
$62.5K $21.60/SF
− OpEx
−$23.4K −$8.10/SF
NOI
$39.0K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$780,840
Cap Rate 7%
$557,743
Cap Rate 9%
$433,800
Alternative Uses
Best Use
Mixed Use
$557.7K
$488.0K – $650.7K
NOI $39,042 @ 7.0% cap · market cap 7.10%
Second Best
Multifamily LT 5
$523.1K
$457.8K – $610.3K
NOI $36,620 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$735.1K
$643.2K – $857.6K
NOI $51,454 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
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 - Corner property with commercial zoning, a rear parcel, and three distinct units in a historic district.
Where is this triplex located?
The property is located at 2001 SAINT CLAUDE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,892 sq. ft. triplex with 628 sq. ft. storefront, 688 sq. ft. unit, and 1,226 sq. ft. upper unit; Separate 1113 Touro tax parcel included; lot measures 36 x 31; Building parcel measures 31 x 62 and sits on a corner lot
