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Triplex Requiring Repairs
For Sale
$149,000

3518 Monroe St, New Orleans, LA 70118

Residential multifamily property in fair condition with repair needs and as-is sale terms.

Property Size2,352 SF
Price / SF$63.35
Days on Market52

Property Features for 3518 Monroe St

General Information

Standard status Active
Size 2,352 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence Property is in fair condition and will require repairs.

Additional Details

Multifamily Units 3

Building Details

Year Built 1910
Listing Agency: Duplessis Real Estate Group LLC
Listed By: Ann Duplessis · License #995695094
Source: Dominionplace
Added: Aug 16 Changed: Oct 2 Last Checked: Oct 6 at 12:27AM

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 Duplessis Real Estate Group LLC

Investment Insights

Based on property information with market context.

Located at 3518 Monroe St in New Orleans’ Hollygrove area, this residential multifamily property is classified as a triplex. The property is described as being in fair condition and requiring repairs, making its physical condition a central consideration for prospective purchasers.

The offering is conveyed strictly as-is, where-is. The seller will not complete repairs and provides no warranties or representations regarding condition, zoning, utilities, permits, code compliance, structural matters, or intended use. Buyers and their agents are responsible for verifying property information and completing their own due diligence. The asset is positioned for investors, contractors, and buyers using cash or renovation financing.

Key Highlights

  • Triplex property in New Orleans’ Hollygrove area
  • Located at 3518 Monroe St, New Orleans, LA
  • Property is described as being in fair condition

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Accounting Firm (Bike/Boat/Book/etc) Store Real Estate Agency Home Appliance Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

821
Businesses Nearby

Demographics for 70118, LA

35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Residential multifamily property in fair condition with repair needs and as-is sale terms.
Where is this triplex located?
The property is located at 3518 Monroe St New Orleans, LA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Triplex property in New Orleans’ Hollygrove area; Located at 3518 Monroe St, New Orleans, LA; Property is described as being in fair condition
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