Renovated 3-Plex
2254-56 North Derbigny Street New Orleans, LA 70117
2254-56 North Derbigny Street, New Orleans, LA, 70117
$479,000
For Sale
$479,000
Newly renovated three-unit property with wood flooring, updated fixtures, and ceiling fans throughout.
Property Size3,106 SF
Price / SF$154.22
Days on Market154
Property Features for 2254-56 North Derbigny Street
General Information
- Standard status
- Active
- Size
- 3,106 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1925
Listing agency
Joseph Edward Hermo, Broker
(504) 228-6666
Listed by
Joe E Hermo · License #B23660
(504) 228-6666
Source
Compass
Added: Feb 18 Updated: Jul 21 at 3:35PM Checked: Jul 21 at 3:35PM
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 Joseph Edward Hermo, Broker
Investment Insights
Based on property information with market context.
Newly renovated 3-plex offering three residential units. The property features wood flooring throughout the homes, with ceramic tile flooring in the bathrooms and tile tub enclosures. New fixtures are installed throughout, and ceiling fans are included as well.
The property is located at 2254-56 North Derbigny Street in New Orleans, Louisiana (70117).
The property is located at 2254-56 North Derbigny Street in New Orleans, Louisiana (70117).
Key Highlights
- Newly renovated 3‑plex in New Orleans
- 9 bedrooms and 6 full bathrooms across the property
- Central air and central heating
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 | $61.5k | $19.80 |
| − Vacancy | −$5.3k | −$1.71 |
| EGI | $56.2k | $18.09 |
| − OpEx | −$16.9k | −$5.43 |
| NOI | $39.3k | $12.66 |
3,106 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.9K
$491.6K – $655.5K
NOI $39,330 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$516.4K
$451.9K – $602.5K
NOI $36,150 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$789.4K
$690.8K – $921.0K
NOI $55,261 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Newly renovated three-unit property with wood flooring, updated fixtures, and ceiling fans throughout.
Where is this triplex located?
The property is located at 2254-56 North Derbigny Street New Orleans, LA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Newly renovated 3‑plex in New Orleans; 9 bedrooms and 6 full bathrooms across the property; Central air and central heating
