319-321 PELICAN Avenue, New Orleans, LA 70114
- Added:
- Apr 22, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 14 at 5:06 am
Property Features for 319-321 PELICAN Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 513101705
- Size
- 2,349 SF
Taxes and HOA fees
- Tax Description
- SQ 16 LOT 5 33 X 128 319/321 PELICAN AVE
Utilities
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Slate
- Architectural style
- Cottage
Listing agent Daniel Trosclair (504) 908-5037
Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA (504) 908-7653
Listing date Apr 22, 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
- Historic Algiers Point duplex with shotgun‑style layout and original wood flooring
- Each unit features 12‑ft high ceilings and separate indoor utility rooms
- Side 319: 3 bedrooms, 1 full bath; Side 321: 2 bedrooms, 1 full bath
- Updated kitchens and baths, including granite counters in the kitchen and tile flooring
- Utilities: public water; heating is natural gas; cooling is window unit(s)
- Roof: slate; fenced exterior; under termite contract; X flood zone
Overview
Located in the Algiers Point area of New Orleans, the property is described as being in an X flood zone. The listing also notes the property is currently vacant and ready for occupancy, with the address under termite contract.
This layout can work well for an owner-occupant seeking additional rental income while maintaining separate unit living. The combination of high ceilings, multiple bedroom configurations, and in-unit utility space supports a straightforward use as residential income housing. The property is being offered for sale and is stated to be vacant and ready for occupancy, which may simplify near-term re-tenanting or move-in planning.
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 | $46.5k | $19.80 |
| − Vacancy | −$4.0k | −$1.71 |
| EGI | $42.5k | $18.09 |
| − OpEx | −$12.7k | −$5.43 |
| NOI | $29.7k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.052694
- Latitude
- 29.951959
