Historic Bywater Triplex with
3619 BURGUNDY Street, New Orleans, LA 70117
New
MULTI_FAMILY - New Orleans, LA
Property size:
3,788 SFPrice / SF:
$184/SF- Added:
- May 12, 2026
- Days on Market:
- 6
- Last Refresh:
- May 17 at 9:06 am
Property Features for 3619 BURGUNDY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Garage
- Patio and Porch features
- Patio, Porch
- Exterior features
- Fence, Outdoor Entertainment Area Beyond Your Average Patio, Porch
- Fencing
- Fenced
- 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
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
Listing agent Sarah Katko License #995709880 (504) 327-5303
Listing office Crescent City Living, LLC 3205 Orleans Avenue, New Orleans, LA (504) 327-5303
Listing date May 12, 2026
MLS# 2557410
Listing URL
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
- Unique triplex in the historic Bywater neighborhood.
- Large, two‑bay garage with a nearly 1,000 square foot deck.
- Spacious upstairs unit with 3 bedrooms, 1.5 bathrooms, central heat/air, and walkout access to the deck.
- Historic beauty with heart‑of‑pine floors, detailed moulding, and ornate fireplace mantles.
- Gated landing for access to all 3 units, providing security and privacy.
- Two downstairs units with private outdoor spaces: one 1‑bed/1‑bath and one 2‑bed/1‑bath.
Overview
This unique triplex is located in the historic Bywater neighborhood. The property includes a large, two-bay garage with a nearly 1,000 square foot deck on top. The spacious upstairs unit features 3 bedrooms, 1.5 bathrooms, and central heat and air. The unit includes heart-of-pine floors, intricately detailed moulding, and stately fireplace mantles with ornate details. The upstairs layout provides walkout access to the deck. All 3 units are accessed behind a gated landing. There are two well-sized units downstairs. One downstairs unit is a 1-bed/1-bath, and the other is a 2-bed/1-bath, and both include private outdoor spaces. The property, with a total size of 3,788 square feet, was once a pharmacy and has a history of music and film recordings.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$533.0K
NOI $47,966 @ 9.00% cap · cautious / downside scenario
Moderate
$685.2K
NOI $47,966 @ 7.00% cap · market / base-case scenario
Aggressive
$959.3K
NOI $47,966 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.038926
- Latitude
- 29.964168
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Unique triplex in Bywater with large deck and historic charm.
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: Unique triplex in the historic Bywater neighborhood.; Large, two‑bay garage with a nearly 1,000 square foot deck.; Spacious upstairs unit with 3 bedrooms, 1.5 bathrooms, central heat/air, and walkout access to the deck.
