2320 Burgundy Street, New Orleans, LA 70117
Turnkey, renovated four-plex with off-street parking and renovated units designed for modern renters.
- Added:
- May 24, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 6 at 5:32 am
Property Features for 2320 Burgundy Street
General Information
- Standard status
- Active
- Size
- 3,975 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1979
Listing agent Cameron Griffin License #995696437 (504) 535-5680
Listing office Bridgewater Realty Advisors, LLC (504) 535-5680
Listing date May 24, 2026
Source Compass
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 Bridgewater Realty Advisors, LLC
HighLights
- Renovated 4‑plex at 2320 Burgundy St with current monthly rent of $6,200; new monthly rent $8,575 once last unit is leased
- Two‑story building (1979) with 10 total bedrooms and 4 full bathrooms
- Central heating and central air; in‑building laundry (laundry features: yes)
- Asphalt roof with pillar/post/pier foundation and HardiPlank exterior construction
- Off‑street parking, outdoor space, and classic Creole balconies
- Four residential units, each updated with renovated kitchens and stainless steel appliances
Overview
The building is located on Burgundy Street in New Orleans’ Marigny, described as a sought-after neighborhood. The remarks note proximity to Frenchmen Street’s live music scene, the St. Claude Arts Corridor, neighborhood cafes, and local restaurants.
From an ownership and leasing standpoint, the current monthly rent is $6,200 per month, and the seller notes that once the last unit is leased the new monthly rent will be $8,575. The configuration supports multiple income-producing units, while also fitting an owner-occupant model where an owner can live in one unit and rent the remaining units. A property like this may appeal to buyers seeking a renovated, turn-key income asset with traditional architectural details and practical tenant amenities.
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 | $78.7k | $19.80 |
| − Vacancy | −$6.8k | −$1.71 |
| EGI | $71.9k | $18.09 |
| − OpEx | −$21.6k | −$5.43 |
| NOI | $50.3k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0547798
- Latitude
- 29.9665949
