Historic Triplex with Private
3206 Desoto Street New Orleans, LA 70119
For Sale
$990,000
Historic triplex with a main 3-bedroom residence, two separate 1-bedroom units, and an in-ground saltwater pool.
Property Size3,561 SF
Price / SF$278.01
Days on Market94
Property Features for 3206 Desoto Street
General Information
- Standard status
- Active
- Size
- 3,561 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1892
Listing Agency:
1% Lists Realty Professionals
(504) 301-7722
Listed By:
Cody Leboeuf · License #995703462
(504) 301-7722
Source:
Compass
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 23 at 5:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1% Lists Realty Professionals
Investment Insights
Based on property information with market context.
This historic triplex offers a flexible layout with a main residence plus two separate 1-bedroom, 1-bath apartments. The main home features 3 bedrooms, 2 bathrooms, and more than 1,800 square feet of living space, including hardwood flooring, a formal dining room, and an updated kitchen with tile flooring, quartz countertops, a center island, wine fridge, stainless steel convection oven, and pot filler. The primary suite includes a huge walk-in closet and a private balcony, and the home also offers additional built-in storage and a decked attic for extra storage. Each 1-bedroom unit has its own private entrance.
Outside, the property includes an in-ground saltwater pool, along with a detached pool house. The pool house has a kitchen with an island, a half bath, and a bonus room that could serve multiple purposes. The roof was fully replaced in 2021, and the property is in Flood Zone X, where flood insurance is typically not required.
Located in Bayou St. John near Bayou St. John, City Park, and Jazz Fest, the triplex is designed to support both rental income and multi-generational or guest use with separate living areas.
Outside, the property includes an in-ground saltwater pool, along with a detached pool house. The pool house has a kitchen with an island, a half bath, and a bonus room that could serve multiple purposes. The roof was fully replaced in 2021, and the property is in Flood Zone X, where flood insurance is typically not required.
Located in Bayou St. John near Bayou St. John, City Park, and Jazz Fest, the triplex is designed to support both rental income and multi-generational or guest use with separate living areas.
Key Highlights
- Historic triplex built in 1892 with 2 stories, featuring a main 3‑bedroom/2‑bath residence plus two separate 1‑bedroom/1‑bath apartments
- Main residence includes over 1,800 SF of living space, hardwood flooring, a formal dining room, and an updated kitchen with quartz countertops, center island, and wine fridge
- Two separate 1‑bedroom/1‑bath apartments each have private entrances, offering flexible living and rental/guest use options
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 | $70.5k | $19.80 |
| − Vacancy | −$6.1k | −$1.71 |
| EGI | $64.4k | $18.09 |
| − OpEx | −$19.3k | −$5.43 |
| NOI | $45.1k | $12.66 |
3,561 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$644.2K
$563.6K – $751.5K
NOI $45,091 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$592.1K
$518.1K – $690.8K
NOI $41,446 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$931.8K
$815.3K – $1.09M
NOI $65,226 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Historic triplex with a main 3-bedroom residence, two separate 1-bedroom units, and an in-ground saltwater pool.
Where is this triplex located?
The property is located at 3206 Desoto Street New Orleans, LA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Historic triplex built in 1892 with 2 stories, featuring a main 3‑bedroom/2‑bath residence plus two separate 1‑bedroom/1‑bath apartments; Main residence includes over 1,800 SF of living space, hardwood flooring, a formal dining room, and an updated kitchen with quartz countertops, center island, and wine fridge; Two separate 1‑bedroom/1‑bath apartments each have private entrances, offering flexible living and rental/guest use options
