2721 CALHOUN Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
- Added:
- Apr 15, 2026
- Days on Market:
- 42
- Last Refresh:
- May 26 at 7:06 am
Property Features for 2721 CALHOUN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Driveway
- Standard status
- Active
- APN
- 2723-CALHOUN st
- Size
- 3,900 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Charlotte Dorion License #000044739 (504) 799-1702
Listing office Berkshire Hathaway HomeServices Preferred, REALTOR 4018 Magazine St., New Orleans, LA (504) 799-1702
Listing date Apr 15, 2026
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.
HighLights
- Potential rental income of approximately $3,000/month from the upper unit
- Two independent units, each with 3 bedrooms and 2 full baths
- Located steps from Tulane University, ideal for Tulane fans and game day access
- Ample off‑street parking with private driveways for each unit and a covered two‑car carport
- Desirable Uptown location with easy access to Audubon Park, the Zoo, and Magazine and Freret Street shops and restaurants
- Well‑maintained property with a new roof installed in 2021
Overview
Financial Insights
Value Estimation Calculated for Multifamily LT 5
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.2k | $19.80 |
| − Vacancy | −$6.7k | −$1.71 |
| EGI | $70.5k | $18.09 |
| − OpEx | −$21.2k | −$5.43 |
| NOI | $49.4k | $12.66 |
Alternative Use Scenarios
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.115419
- Latitude
- 29.942869