Renovated Triplex with
For Sale
$849,000
418 20 Henry Clay Ave, New Orleans, LA 70118
Three residential units include two one-bedroom layouts and a separate rear studio.
Property Size2,122 SF
Price / SF$400.09
Days on Market73
Property Features for 418 20 Henry Clay Ave
General Information
Standard status
Active
Size
2,122 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR, 1 x studio
Multifamily Units
3
Amenities
hardwood floors
exposed beams
brick fireplaces
custom kitchens
granite countertops
high end appliances
walk-in closets
laundry in all units
Building Details
Year Built
1900
Listing Agency:
McEnery Residential, LLC
Listed By:
Lesley Poche · License #000017799
(504) 259-2561
Source:
Dominionplace
Added: Jul 26
Changed: Oct 2
Last Checked: Oct 5 at 9:30PM
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 McEnery Residential, LLC
Investment Insights
Based on property information with market context.
This 2,122-square-foot triplex, built in 1900, contains two one-bedroom units and an independent rear studio. Renovated interiors retain hardwood floors, exposed beams beneath tall ceilings, and brick fireplaces. Updated kitchens feature custom cabinetry, granite countertops, and high-end appliances, while each unit includes laundry facilities and walk-in closets.
The property is located at 418 20 Henry Clay Ave in New Orleans, two blocks from Audubon Park. The rear studio includes a bedroom-living area, kitchenette, full bathroom, and laundry. It is currently rented, and the studio shares an electrical meter with the main 418 unit. The rear space can also function as a home office or guest suite.
The property is located at 418 20 Henry Clay Ave in New Orleans, two blocks from Audubon Park. The rear studio includes a bedroom-living area, kitchenette, full bathroom, and laundry. It is currently rented, and the studio shares an electrical meter with the main 418 unit. The rear space can also function as a home office or guest suite.
Key Highlights
- 2,122 SF triplex built in 1900
- Two one‑bedroom units plus a separate rear studio
- Renovated kitchens with custom cabinetry, granite countertops, and high‑end appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,870
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,400
$537.4K
Cap Rate 7%
$383,857
$383.9K
Cap Rate 9%
$298,556
$298.6K
Market Conditions
NOI Build-Up for 2,122 SF
Gross rent
$42.0K $19.80/SF
− Vacancy
−$3.6K −$1.71/SF
EGI
$38.4K $18.09/SF
− OpEx
−$11.5K −$5.43/SF
NOI
$26.9K $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%
$537,400
Cap Rate 7%
$383,857
Cap Rate 9%
$298,556
Alternative Uses
Best Use
Multifamily LT 5
$383.9K
$335.9K – $447.8K
NOI $26,870 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$352.8K
$308.7K – $411.6K
NOI $24,698 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$539.3K
$471.9K – $629.2K
NOI $37,754 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include two one-bedroom layouts and a separate rear studio.
Where is this triplex located?
The property is located at 418 20 Henry Clay Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,122 SF triplex built in 1900; Two one‑bedroom units plus a separate rear studio; Renovated kitchens with custom cabinetry, granite countertops, and high‑end appliances
