Historic Triplex with
For Sale
$699,999
3619 BURGUNDY Street, New Orleans, LA 70117
Multi-Family, New Orleans, LA
Property Size3,788 SF
Price / SF$184.79
Days on Market149
Property Features for 3619 BURGUNDY Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Off Street
Patio and Porch features
Patio, Porch
Exterior features
Fence, Outdoor Entertainment Area Beyond Your Average Patio, Porch
Fencing
Fenced
Lot features
Corner, Regular
Subdivision
Bywater
Standard status
Active
APN
39W201103
Size
3,788 SF
Taxes and HOA fees
Tax Description
SQ 288 LOT 1 A BURGUNDY & 2. INDEPENDENCE ST 98 X 40 2/ST WD/F T/PLEX 17 1/2/R A/R GA R 3619-21 BURGUNDY ST & 900 INDEPENDENCE ST
Legal Description
SQ 288 LOT 1 A BURGUNDY & 2. INDEPENDENCE ST 98 X 40 2/ST WD/F T/PLEX 17 1/2/R A/R GA R 3619-21 BURGUNDY ST & 900 INDEPENDENCE ST
Utilities
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
private outdoor spaces
deck
central heat and air
gated landing
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Roof type
Shingle
Listing Agency:
Crescent City Living, LLC
(504) 327-5303
Listed By:
Sarah Katko · License #995709880
(504) 258-8785
Added: May 12
Changed: Sep 15
Last Checked: Oct 7 at 5:06PM
MLS# 2557410
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.
Investment Insights
Based on property information with market context.
Built in 1920, this New Orleans triplex contains 3,788 square feet across three separately accessed residences. The upper unit includes 3 bedrooms, 1.5 bathrooms, central heating and cooling, heart-pine flooring, detailed molding, fireplace mantels, and direct access to an elevated deck of nearly 1,000 square feet. Two additional units occupy the lower level: one with 1 bedroom and 1 bathroom, and another with 2 bedrooms and 1 bathroom. Each lower unit has its own outdoor area.
The property is located on Burgundy Street in the Bywater neighborhood and is secured behind a gated landing. Improvements include a two-bay garage, off-street parking, fenced outdoor areas, a porch, patio space, public water service, and a shingle roof. The building previously operated as a pharmacy and has a documented connection to music and film recordings, including interviews now held by the Smithsonian.
The property is located on Burgundy Street in the Bywater neighborhood and is secured behind a gated landing. Improvements include a two-bay garage, off-street parking, fenced outdoor areas, a porch, patio space, public water service, and a shingle roof. The building previously operated as a pharmacy and has a documented connection to music and film recordings, including interviews now held by the Smithsonian.
Key Highlights
- Three‑unit property totaling 3,788 square feet
- Upper residence has 3 bedrooms, 1.5 bathrooms, central heat and air, and nearly 1,000 square foot deck
- Lower units include 1‑bed/1‑bath and 2‑bed/1‑bath layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,966
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,320
$959.3K
Cap Rate 7%
$685,229
$685.2K
Cap Rate 9%
$532,956
$533.0K
Market Conditions
NOI Build-Up for 3,788 SF
Gross rent
$75.0K $19.80/SF
− Vacancy
−$6.5K −$1.71/SF
EGI
$68.5K $18.09/SF
− OpEx
−$20.6K −$5.43/SF
NOI
$48.0K $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%
$959,320
Cap Rate 7%
$685,229
Cap Rate 9%
$532,956
Alternative Uses
Best Use
Multifamily LT 5
$685.2K
$599.6K – $799.4K
NOI $47,966 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$629.8K
$551.1K – $734.8K
NOI $44,088 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$962.8K
$842.4K – $1.12M
NOI $67,395 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer gated access, private outdoor areas, and central air in the upper unit.
Where is this triplex located?
The property is located at 3619 BURGUNDY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Three‑unit property totaling 3,788 square feet; Upper residence has 3 bedrooms, 1.5 bathrooms, central heat and air, and nearly 1,000 square foot deck; Lower units include 1‑bed/1‑bath and 2‑bed/1‑bath layouts
