Triplex with Garage-Top
For Sale
$699,999
3619 BURGUNDY Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size3,788 SF
Price / SF$184.79
Days on Market166
Property Features for 3619 BURGUNDY Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Parking
2
Parking features
Off Street
Patio and Porch features
Porch
Lot features
Corner Lot
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
deck
Building Details
Year built
1920
Number of units
3
Flooring type
Vinyl, Wood, Tile, Carpet
Building materials
Wood Siding
Buildings
1
Listing Agency:
Crescent City Living, LLC
(504) 327-5303
Listed By:
Sarah L Katko · License #995709880
(504) 258-8785
Added: May 12
Changed: Oct 23
Last Checked: Oct 24 at 2:06AM
MLS# 2557410
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1920, this 3,788-square-foot triplex contains three apartments: an upper residence with three bedrooms and one-and-a-half bathrooms, plus lower units with one bedroom and one bathroom and two bedrooms and one bathroom. Central heat and air serve the upper apartment. Wood floors, detailed moulding, and fireplace mantels are among its interior features. A two-bay garage is topped by a deck of nearly 1,000 square feet; both lower apartments have private outdoor space, and the units are reached through a gated landing.
The property is in New Orleans’ Bywater neighborhood. Its past includes use as a pharmacy and a connection to music and film recordings; some recorded interviews are now in the Smithsonian. Other property details include off-street parking, a porch, public water and sewer, and natural gas availability.
The property is in New Orleans’ Bywater neighborhood. Its past includes use as a pharmacy and a connection to music and film recordings; some recorded interviews are now in the Smithsonian. Other property details include off-street parking, a porch, public water and sewer, and natural gas availability.
Key Highlights
- Three apartments: 3‑bedroom/1.5‑bath, 1‑bedroom/1‑bath, and 2‑bedroom/1‑bath
- 3,788 square feet; built in 1920
- Two‑bay garage with a deck of nearly 1,000 square feet above
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.
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Property Analytics
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Open Analytics
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
Frequently Asked Questions
What type of property is this?
Triplex - Three residences are arranged behind a gated landing, with separate outdoor areas for both lower-level units.
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 apartments: 3‑bedroom/1.5‑bath, 1‑bedroom/1‑bath, and 2‑bedroom/1‑bath; 3,788 square feet; built in 1920; Two‑bay garage with a deck of nearly 1,000 square feet above
