New Orleans Triplex with Front
For Sale
$580,000
2704 BURGUNDY Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size1,980 SF
Lot Size0.07 Acres
Price / SF$292.93
Days on Market46
Property Features for 2704 BURGUNDY Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
Parking features
Off Street
Standard status
Active
APN
12
Size
1,980 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
SQ 254 LOT 21 BURGUNDY 29x100 SGLE 1/ST FR 8/RMS C/R (2AP TS) & REAR 2/ST FR SGLE5/RM S C/R SEE E REC
Legal Description
SQ 254 LOT 21 BURGUNDY 29x100 SGLE 1/ST FR 8/RMS C/R (2AP TS) & REAR 2/ST FR SGLE5/RM S C/R SEE E REC
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall Unit(s), Ductless
Water source
Public
Building Details
Year built
1873
Number of units
3
Building materials
Wood Siding
Buildings
1
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Nayelly S Barrios · License #995710617
(956) 458-5449
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2576266
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,980-square-foot triplex, built in 1873, contains two one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment. Hardwood floors, high ceilings, traditional shutters, and a front porch define the property’s residential features. Off-street parking is available, with ductless heating and wall-unit and ductless cooling.
Recent work includes new water heaters in the front and middle units, new refrigerators in both, and new mini-split systems in those apartments. The front unit also received a gas range and microwave, mortar-joint remediation, and releveling. Work in the middle unit included a kitchen sink, toilet plumbing, counter, and shelves. In the rear apartment, balcony supports were addressed, copper piping reinforced, kitchen and living room ceilings redone, and a range/oven installed. The property is in New Orleans’ Marigny area, near the French Quarter, Mississippi River, and Crescent Park.
Recent work includes new water heaters in the front and middle units, new refrigerators in both, and new mini-split systems in those apartments. The front unit also received a gas range and microwave, mortar-joint remediation, and releveling. Work in the middle unit included a kitchen sink, toilet plumbing, counter, and shelves. In the rear apartment, balcony supports were addressed, copper piping reinforced, kitchen and living room ceilings redone, and a range/oven installed. The property is in New Orleans’ Marigny area, near the French Quarter, Mississippi River, and Crescent Park.
Key Highlights
- Three apartments: two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- 1,980 square feet on a 0.07‑acre lot
- Built in 1873; features hardwood floors, tall ceilings, shutters, and a front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,072
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,440
$501.4K
Cap Rate 7%
$358,171
$358.2K
Cap Rate 9%
$278,578
$278.6K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$39.2K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$35.8K $18.09/SF
− OpEx
−$10.7K −$5.43/SF
NOI
$25.1K $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%
$501,440
Cap Rate 7%
$358,171
Cap Rate 9%
$278,578
Alternative Uses
Best Use
Multifamily LT 5
$358.2K
$313.4K – $417.9K
NOI $25,072 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$329.2K
$288.1K – $384.1K
NOI $23,045 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$503.3K
$440.4K – $587.1K
NOI $35,228 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,196
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments combine historic architectural details with a range of recent repairs and equipment replacements.
Where is this triplex located?
The property is located at 2704 BURGUNDY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Three apartments: two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; 1,980 square feet on a 0.07‑acre lot; Built in 1873; features hardwood floors, tall ceilings, shutters, and a front porch
