4149-51 Canal Street, New Orleans, LA 70119
Well-maintained triplex with one vacant unit, 2024 roof and HVAC, and off-street parking for convenient daily use.
- Added:
- May 24, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 6 at 3:38 am
Property Features for 4149-51 Canal Street
General Information
- Standard status
- Active
- Size
- 2,902 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1950
Listing agent Clint Engvall License #995706101 (504) 621-9959
Listing office United Real Estate Partners LLC (504) 621-9959
Listing date May 24, 2026
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Partners LLC
HighLights
- 2‑story triplex (1950) with 5 bedrooms and 3 full bathrooms
- One unit is currently vacant
- Roof and HVAC systems were installed in 2024
- Central air cooling plus central/other heat; some heating provided by other heat sources
- Asphalt roof with pillar/post/pier foundation and vinyl siding; porch included
- Off‑street parking on both sides of the property
Overview
The property is positioned steps from the Canal Streetcar line, placing it within easy reach of downtown, restaurants, shopping, and local neighborhood favorites. Off-street parking is available on both sides of the building, adding day-to-day convenience for tenants and guests.
For buyers seeking a residential income property with on-site living options, the current unit vacancy can simplify move-in planning while preserving income from the other units. The combination of recent mechanical and envelope updates, along with thoughtful interior finishes, supports a practical, ready-to-own configuration for investors and owner-occupants alike.
Local Financial Insights For Multifamily LT 5
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 | $57.5k | $19.80 |
| − Vacancy | −$5.0k | −$1.71 |
| EGI | $52.5k | $18.09 |
| − OpEx | −$15.7k | −$5.43 |
| NOI | $36.7k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.1014225
- Latitude
- 29.9755847
