Corner Triplex with
For Sale
$449,000
3701 NASHVILLE Avenue, New Orleans, LA 70125
MULTI_FAMILY - New Orleans, LA
Property Size3,339 SF
Price / SF$134.47
Days on Market141
Property Features for 3701 NASHVILLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Garage
Patio and Porch features
Porch
Exterior features
Fence, Porch, Porch Screened In
Fencing
Fenced
Lot features
Oversized
Subdivision
Fontainebleau
Standard status
Active
APN
square 114 lot 7
Size
3,339 SF
Taxes and HOA fees
Tax Description
Square 114, Lot 7
Legal Description
Square 114, Lot 7
Utilities
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1953
Floors in Building
2
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Stephen Ehlinger · License #000042978
(504) 799-1702
Added: Mar 12
Changed: Jul 30
Last Checked: Jul 30 at 8:06PM
MLS# 2547311
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.
This for-sale triplex offers a spacious, light-filled layout with hardwood floors throughout and a screened-in porch spanning the first and second floors. The property also includes a newer roof and a two-car garage, providing practical improvements for day-to-day living.
Situated on a corner lot at 3701 Nashville Avenue in New Orleans, the home is positioned for convenient access to different parts of the city.
With income-producing potential alongside owner-occupant options referenced in the remarks, the property is well suited for buyers looking to balance personal occupancy with rental support.
Situated on a corner lot at 3701 Nashville Avenue in New Orleans, the home is positioned for convenient access to different parts of the city.
With income-producing potential alongside owner-occupant options referenced in the remarks, the property is well suited for buyers looking to balance personal occupancy with rental support.
Key Highlights
- Corner lot home with a screened‑in porch on both the first and second floors
- Two‑car garage plus off‑street parking
- Hardwood floors throughout
Financial Insights For Apartment 5plus
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 | $77.7k | $23.28 |
| − Vacancy | −$7.1k | −$2.12 |
| EGI | $70.7k | $21.16 |
| − OpEx | −$31.8k | −$9.52 |
| NOI | $38.9k | $11.64 |
3,339 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$604.0K
$528.5K – $704.7K
NOI $42,280 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$555.2K
$485.8K – $647.7K
NOI $38,862 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$848.7K
$742.6K – $990.1K
NOI $59,406 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on a corner lot with a two-car garage, newer roof, hardwood floors, and screened porch.
Where is this triplex located?
The property is located at 3701 NASHVILLE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Corner lot home with a screened‑in porch on both the first and second floors; Two‑car garage plus off‑street parking; Hardwood floors throughout
