Triplex with Two-Bay
3619-21 Burgundy Street New Orleans, LA 70117
For Sale
$795,000
Triplex offering a large two-bay garage, gated entry, and three-bedroom upstairs unit plus two well-sized downstairs units.
Property Size3,788 SF
Price / SF$209.87
Days on Market248
Property Features for 3619-21 Burgundy Street
General Information
- Standard status
- Active
- Size
- 3,788 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1925
Listing Agency:
Crescent City Living, LLC
(504) 258-8785
Listed By:
Sarah Katko · License #995709880
(504) 258-8785
Source:
Compass
Added: Nov 17, 2025
Changed: Jul 23
Last Checked: Jul 23 at 10:04AM
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 Crescent City Living, LLC
Investment Insights
Based on property information with market context.
This triplex includes a large, two-bay garage and three separate units accessed behind a gated landing. The spacious upstairs residence features central heat and air, with historic details such as heart-of-pine floors, intricately detailed moulding, and stately fireplace mantles. The upstairs unit offers three bedrooms and 1.5 bathrooms, along with a newly rebuilt rooftop deck with a pergola attached.
The two downstairs units are described as well-sized and each includes private outdoor space. One downstairs unit is a 1-bedroom/1-bath configuration, and the other is a 2-bedroom/1-bath configuration.
The property is located in the center of Bywater, and the remarks note that it was once a pharmacy and has a history connected to music and film recordings, with some interviews recorded there referenced as being in the Smithsonian. Schedule a tour to review the layout and finishes in person.
The two downstairs units are described as well-sized and each includes private outdoor space. One downstairs unit is a 1-bedroom/1-bath configuration, and the other is a 2-bedroom/1-bath configuration.
The property is located in the center of Bywater, and the remarks note that it was once a pharmacy and has a history connected to music and film recordings, with some interviews recorded there referenced as being in the Smithsonian. Schedule a tour to review the layout and finishes in person.
Key Highlights
- Triplex with 6 bedrooms total: 3‑bedroom upstairs unit plus a 1‑bed/1‑bath and 2‑bed/1‑bath downstairs unit
- Central heat and air in the upstairs unit; additional cooling includes central air and window unit(s)
- Gated landing provides access to all units; each downstairs unit includes private outdoor space
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 | $75.0k | $19.80 |
| − Vacancy | −$6.5k | −$1.71 |
| EGI | $68.5k | $18.09 |
| − OpEx | −$20.6k | −$5.43 |
| NOI | $48.0k | $12.66 |
3,788 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$685.2K
$599.6K – $799.4K
NOI $47,966 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$629.8K
$551.1K – $734.8K
NOI $44,088 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$962.8K
$842.4K – $1.12M
NOI $67,395 @ 7.0% cap · market cap 8.48%
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 - Triplex offering a large two-bay garage, gated entry, and three-bedroom upstairs unit plus two well-sized downstairs units.
Where is this triplex located?
The property is located at 3619-21 Burgundy Street New Orleans, LA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Triplex with 6 bedrooms total: 3‑bedroom upstairs unit plus a 1‑bed/1‑bath and 2‑bed/1‑bath downstairs unit; Central heat and air in the upstairs unit; additional cooling includes central air and window unit(s); Gated landing provides access to all units; each downstairs unit includes private outdoor space
