Corner Triplex with
3701 NASHVILLE Avenue New Orleans, LA 70125
3701 NASHVILLE Avenue, New Orleans, LA, 70125
$449,000
For Sale
$449,000
MULTI_FAMILY - New Orleans, LA
Property Size3,339 SF
Price / SF$134.47
Days on Market128
Property Features for 3701 NASHVILLE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch, Porch Screened In
- Fencing
- Fenced
- Standard status
- Active
- APN
- square 114 lot 7
- Size
- 3,339 SF
Taxes and HOA fees
- Tax 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
4018 Magazine St., New Orleans, LA
Listed by
Stephen Ehlinger · License #000042978
(504) 799-1702
Added: Mar 12 Checked: Jul 17 at 5:06 am
MLS# 2547311
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.
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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
