Triplex With Wraparound
For Sale
$699,000
3350 Jena Street, New Orleans, LA 70125
Three-unit property combines a primary residence with two upper-level rental apartments.
Property Size4,712 SF
Price / SF$148.34
Days on Market297
Property Features for 3350 Jena Street
General Information
Standard status
Active
Size
4,712 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Net Operating Income
$42,930
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Cap Rate
6.14%
Amenities
wrap around porch
enclosed backyard
garage with workshop
gazebo
Central Air
Central
2
4
7
1
5
Asphalt
Pillar/Post/Pier
Vinyl Siding, Wood Siding
Building Details
Year Built
1920
Listing Agency:
Compass
Listed By:
Charlene Dodds · License #995706925
(504) 451-3626
Source:
Compass
Added: Dec 26, 2025
Changed: Oct 11
Last Checked: Oct 16 at 10:48AM
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 Compass
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Investment Insights
Based on property information with market context.
This 4,712-square-foot triplex, built in 1920, offers a larger first-floor residence with 2,500 square feet of living area. The main level includes three bedrooms, two full baths, living and dining rooms, an office, breakfast nook, kitchen, and pantry. Two additional apartments occupy the upper floor, each with two bedrooms, one bath, a living room, and laundry area.
The property also includes a wraparound porch, enclosed backyard, and a garage with a workshop, plumbing for an additional bathroom, and a tin roof. An attached open-sided gazebo provides additional covered outdoor space. Central air and central heat are included, and a current termite contract is in place. The property is located at 3350 Jena Street in New Orleans.
The property also includes a wraparound porch, enclosed backyard, and a garage with a workshop, plumbing for an additional bathroom, and a tin roof. An attached open-sided gazebo provides additional covered outdoor space. Central air and central heat are included, and a current termite contract is in place. The property is located at 3350 Jena Street in New Orleans.
Key Highlights
- 4,712 SF triplex built in 1920
- First‑floor residence contains 2,500 SF with 3 bedrooms and 2 full baths
- Two upstairs rental units, each with 2 bedrooms, 1 bath, living room, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,666
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,320
$1.2M
Cap Rate 7%
$852,371
$852.4K
Cap Rate 9%
$662,956
$663.0K
Market Conditions
NOI Build-Up for 4,712 SF
Gross rent
$93.3K $19.80/SF
− Vacancy
−$8.1K −$1.71/SF
EGI
$85.2K $18.09/SF
− OpEx
−$25.6K −$5.43/SF
NOI
$59.7K $12.66/SF
Area
New Orleans, LA
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%
$1,193,320
Cap Rate 7%
$852,371
Cap Rate 9%
$662,956
Alternative Uses
Best Use
Multifamily LT 5
$852.4K
$745.8K – $994.4K
NOI $59,666 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$783.5K
$685.5K – $914.0K
NOI $54,842 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,834 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
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Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
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?
Triplex - Three-unit property combines a primary residence with two upper-level rental apartments.
Where is this triplex located?
The property is located at 3350 Jena Street New Orleans, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,712 SF triplex built in 1920; First‑floor residence contains 2,500 SF with 3 bedrooms and 2 full baths; Two upstairs rental units, each with 2 bedrooms, 1 bath, living room, and laundry
