Triplex with Shared
2735 Onzaga Street, New Orleans, LA 70119
For Sale
New
$349,000
Multifamily, New Orleans, LA
Property Size1,670 SF
Lot Size0.07 Acres
Price / SF$208.98
Days on Market5
Property Features for 2735 Onzaga Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
shared porch
hardwood floors
original built-in glass front cabinets
antique claw foot tubs
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Berkshire Hathaway HS - Garden District/Uptown · Berkshire Hathaway HomeServices
(504) 799-1702
Listed By:
Christopher R Turgeon · License #995701978
(504) 202-0777
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 7 at 9:06PM
MLS# 200MRS
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 1,670-square-foot, three-unit shotgun property was built in 1925 on a 0.07-acre lot. Each residence has wood flooring and built-in glass-front cabinetry. Two bathrooms retain claw-foot tubs, and a shared porch serves the building. Exterior details include wood siding, a shingle roof, and brick piers beneath the raised structure.
The City of New Orleans installed sewer lines in both the house and street. The property is in the X flood zone and has Residential zoning. Two units currently have tenants; the third may be occupied by an owner or leased, as appropriate.
The City of New Orleans installed sewer lines in both the house and street. The property is in the X flood zone and has Residential zoning. Two units currently have tenants; the third may be occupied by an owner or leased, as appropriate.
Key Highlights
- Three‑unit shotgun property built in 1925
- 1,670 square feet on a 0.07‑acre lot
- Two of the three units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,146
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,920
$422.9K
Cap Rate 7%
$302,086
$302.1K
Cap Rate 9%
$234,956
$235.0K
Market Conditions
NOI Build-Up for 1,670 SF
Gross rent
$33.1K $19.80/SF
− Vacancy
−$2.9K −$1.71/SF
EGI
$30.2K $18.09/SF
− OpEx
−$9.1K −$5.43/SF
NOI
$21.1K $12.66/SF
Area
ZIP 70119
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%
$422,920
Cap Rate 7%
$302,086
Cap Rate 9%
$234,956
Alternative Uses
Best Use
Multifamily LT 5
$302.1K
$264.3K – $352.4K
NOI $21,146 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$277.7K
$243.0K – $324.0K
NOI $19,437 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$437.0K
$382.4K – $509.8K
NOI $30,589 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in New Orleans, LA
Properties on Market for Triplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two of the three residences are tenant-occupied, with one available for owner occupancy or leasing.
Where is this triplex located?
The property is located at 2735 Onzaga Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Three‑unit shotgun property built in 1925; 1,670 square feet on a 0.07‑acre lot; Two of the three units are tenant‑occupied
