Renovation-Ready
For Sale
$675,000
3001 DESOTO Street, New Orleans, LA 70119
MULTI_FAMILY - New Orleans, LA
Property Size4,515 SF
Price / SF$149.50
Days on Market95
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
Lot features
Regular
Subdivision
Bayou St John
Standard status
Active
APN
3001-DESOTOST
Size
4,515 SF
Taxes and HOA fees
Tax Description
As Per Title
Legal 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
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Frederick Lemann
(504) 799-1702
Added: Apr 29
Changed: May 14
Last Checked: Aug 1 at 5:06PM
MLS# 2555565
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.
Investment Insights
Based on property information with market context.
This 4-plex offers a renovation opportunity with two of the four baths already renovated. A two-year-old roof is in place, and the property is being presented as a residential income asset for buyers looking to improve and reposition the units.
The property is located on DeSoto Street in New Orleans, described as a quiet street within a walkable area near restaurants including Canseco’s and Terranova’s, as well as City Park and Jazz Fest.
The property is located on DeSoto Street in New Orleans, described as a quiet street within a walkable area near restaurants including Canseco’s and Terranova’s, as well as City Park and Jazz Fest.
Key Highlights
- 4‑plex built in 1895 with Victorian architectural style
- Central heating and central air
- Asphalt roof reported 2 years old
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
NOI $57,171 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$750.7K
$656.9K – $875.8K
NOI $52,549 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,700 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,337
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Bayou St John 4-plex with two renovated bathrooms and a two-year-old roof, offered for sale.
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.
What are key features of this property?
This property features: 4‑plex built in 1895 with Victorian architectural style; Central heating and central air; Asphalt roof reported 2 years old
