3605 CALHOUN Street, New Orleans, LA 70125
MULTI_FAMILY - New Orleans, LA
- Added:
- May 11, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 3605 CALHOUN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 146
- Size
- 2,200 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- BURTHEVILLE SQ 146 LOT 2 30X114/116 3605-07 CALHOUN ST DU-W FILE #93523 12/07
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Cottage
Listing agent Michael Lester (504) 669-8822
Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA (504) 455-0100
Listing date May 11, 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
- Prime Uptown location near Tulane University, offering both lifestyle and investment appeal.
- Significant structural upgrades completed in 2014, including new plumbing, electrical, water heaters, and foundation stabilization.
- X‑Flood Zone designation, providing peace of mind.
- Immediate cash flow with one unit rented through June 2026 at $1,550/month.
- Spacious, fully fenced yard with storage shed and back porches.
- Classic New Orleans double with a rare shotgun with hallway layout.
Overview
The building received substantial upgrades in 2014, including a complete interior and mechanical overhaul with new plumbing, electrical, water heaters, renovated kitchens, and renovated bathrooms. Foundation stabilization was completed by Richard Earls Construction, with 34 steel-reinforced concrete footings, joist sistering, and sill replacements. Additional updates include a brand-new A/C unit on the 3605 side in 2026, fresh interior paint in 2026, and updated flooring on the 3607 side in 2024.
Located at 3605 Calhoun Street in Uptown, the property is positioned just steps from Tulane University. With the 3607 side currently rented through June 30, 2026, the duplex offers immediate income potential for investors, while also providing an owner-occupant option with one side vacant. Showings begin 5/14 at 5:30 PM, with a 24-hour minimum notice required for all showings of the 3607 side; 3605 is vacant.
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 | $43.6k | $19.80 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $39.8k | $18.09 |
| − OpEx | −$11.9k | −$5.43 |
| NOI | $27.9k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.110956
- Latitude
- 29.951025
