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    3001 DESOTO Street, New Orleans, LA 70119

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    For Sale
    $675,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    4,515 SF
    Price / SF:
    $149/SF
    Added:
    Apr 29, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 17 at 2:06 am

    Property Features for 3001 DESOTO Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Patio and Porch features
    Porch
    Exterior features
    Balcony, Fence, Porch
    Fencing
    Fenced
    Standard status
    Active
    APN
    3001-DESOTOST
    Size
    4,515 SF

    Taxes and HOA fees

    Tax Description
    As Per Title

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1895
    Floors in Building
    2
    Number of units
    4
    Roof type
    Asphalt
    Architectural style
    Victorian

    We can help!

    Listing Contact
    Frederick Lemann

    Listing agent Frederick Lemann

    Listing office Berkshire Hathaway HomeServices Preferred, REALTOR 4018 Magazine St., New Orleans, LA

    Listing date Apr 29, 2026

    MLS# 2555565 Listing URL

    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.

    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 $89.4k $19.80
    − Vacancy −$7.7k −$1.71
    EGI $81.7k $18.09
    − OpEx −$24.5k −$5.43
    NOI $57.2k $12.66
    4,515 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $816.7K
    $714.6K – $952.9K (±1% cap)
    NOI $57,171 @ 7.0% cap · market cap 8.47%
    Second Best
    Apartment 5plus
    $750.7K
    $656.9K – $875.8K (±1% cap)
    NOI $52,549 @ 7.0% cap · market cap 7.79%
    Theoretical Best
    Office A
    $1.18M
    $1.03M – $1.38M (±1% cap)
    NOI $82,700 @ 7.0% cap · market cap 12.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.082749
    Latitude
    29.978423

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    FAQs

    Where is this quadplex located?
    The property is located at 3001 DESOTO Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $675,000.
    (504) 799-1702
    We can help!
    Listing Contact
    Frederick Lemann
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