Renovated
For Sale
$479,000
2254 56 N Derbigny St, New Orleans, LA 70117
Three-unit residential property featuring refreshed fixtures, wood floors, tiled bathrooms, and ceiling fans.
Property Size3,106 SF
Price / SF$154.22
Days on Market94
Property Features for 2254 56 N Derbigny St
General Information
Standard status
Active
Size
3,106 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Amenities
ceiling fans
Building Details
Year Built
1925
Listing Agency:
Investors' Realty
Listed By:
Joseph Hermo · License #000034853
(504) 228-6666
Source:
Fiorellaavenue
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 16 at 10:49AM
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 Investors' Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,106 square feet and was originally built in 1925. The interior has been renovated with wood flooring, ceramic tile in the bathrooms, and tiled tub surrounds. Updated fixtures and ceiling fans are also included throughout the property.
Key Highlights
- 3,106‑square‑foot triplex
- Interior renovation completed with new fixtures
- Wood flooring throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,330
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,600
$786.6K
Cap Rate 7%
$561,857
$561.9K
Cap Rate 9%
$437,000
$437.0K
Market Conditions
NOI Build-Up for 3,106 SF
Gross rent
$61.5K $19.80/SF
− Vacancy
−$5.3K −$1.71/SF
EGI
$56.2K $18.09/SF
− OpEx
−$16.9K −$5.43/SF
NOI
$39.3K $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%
$786,600
Cap Rate 7%
$561,857
Cap Rate 9%
$437,000
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 authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property featuring refreshed fixtures, wood floors, tiled bathrooms, and ceiling fans.
Where is this triplex located?
The property is located at 2254 56 N Derbigny St 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: 3,106‑square‑foot triplex; Interior renovation completed with new fixtures; Wood flooring throughout the property
