10-Bedroom Victorian
For Sale
$675,000
3001 DESOTO Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size4,515 SF
Price / SF$149.50
Days on Market180
Property Features for 3001 DESOTO Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 9, Bedroom 7, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 10, Bedroom 8, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Patio and Porch features
Porch
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1895
Number of units
4
Building materials
Wood Siding
Architectural style
Victorian
Listing Agency:
Berkshire Hathaway HS - Garden District/Uptown · Berkshire Hathaway HomeServices
(504) 799-1702
Listed By:
Frederick P Lemann · License #000027829
(504) 460-6340
Added: Apr 29
Changed: Oct 23
Last Checked: Oct 25 at 7:06PM
MLS# 2555565
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 4,515-square-foot Victorian quadplex was built in 1895 and contains 10 bedrooms and four bathrooms. Two bathrooms have been renovated, and the roof is two years old. The building has wood siding, central heating and air conditioning, and a porch. Renovation work remains.
The property is in New Orleans’ Bayou St. John area, on a quiet street within walking distance of restaurants, Canseco’s, Terranova’s, Jazz Fest, and City Park.
The property is in New Orleans’ Bayou St. John area, on a quiet street within walking distance of restaurants, Canseco’s, Terranova’s, Jazz Fest, and City Park.
Key Highlights
- Four‑unit property with 10 bedrooms and four bathrooms
- 4,515 square feet in a Victorian building dating to 1895
- Two of the four bathrooms have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,171
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,420
$1.1M
Cap Rate 7%
$816,729
$816.7K
Cap Rate 9%
$635,233
$635.2K
Market Conditions
NOI Build-Up for 4,515 SF
Gross rent
$89.4K $19.80/SF
− Vacancy
−$7.7K −$1.71/SF
EGI
$81.7K $18.09/SF
− OpEx
−$24.5K −$5.43/SF
NOI
$57.2K $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%
$1,143,420
Cap Rate 7%
$816,729
Cap Rate 9%
$635,233
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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The 1895 property has central heating and air conditioning, a porch, and renovation needs.
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: Four‑unit property with 10 bedrooms and four bathrooms; 4,515 square feet in a Victorian building dating to 1895; Two of the four bathrooms have been renovated
