Renovated Triplex with Brick
418 HENRY CLAY Avenue New Orleans, LA 70118
418 HENRY CLAY Avenue, New Orleans, LA, 70118
$899,000
For Sale
$899,000
MULTI_FAMILY - New Orleans, LA
Property Size2,122 SF
Price / SF$423.66
Days on Market49
Property Features for 418 HENRY CLAY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 418-HENRYCLAYAV
- Size
- 2,122 SF
Taxes and HOA fees
- Tax Description
- BURTHEVILLE SQ 14 LOT 18 32X120
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 3
- Architectural style
- Victorian
Listing Agency
McEnery Residential, LLC
(504) 605-4400
4901 Magazine Street, New Orleans, LA
Listed by
Lesley Poche · License #000017799
(504) 605-4400
Added: Jun 1 Checked: Jul 19 at 4:06 am
MLS# 2560693
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.
Custom-renovated triplex at 418 Henry Clay Avenue in New Orleans, LA 70118, preserving original character features including hardwood floors, exposed beams on tall ceilings, and brick fireplaces. Interiors include custom kitchens with cabinetry, granite countertops, and high-end appliances. Each unit provides walk-in closets, and laundry is included in all units.
The property consists of two one-bedroom units plus a stand-alone rear studio unit. The rear studio is currently rented and is configured with a combined bedroom/living area, kitchenette, full bathroom, and laundry, with the studio listed as sharing the same electrical meter as unit 418. Public remarks also note the home’s Uptown location, approximately two blocks to Audubon Park.
The property consists of two one-bedroom units plus a stand-alone rear studio unit. The rear studio is currently rented and is configured with a combined bedroom/living area, kitchenette, full bathroom, and laundry, with the studio listed as sharing the same electrical meter as unit 418. Public remarks also note the home’s Uptown location, approximately two blocks to Audubon Park.
Key Highlights
- Custom‑renovated Victorian with original details including hardwood floors, exposed beams, and brick fireplaces
- Uptown location just 2 blocks to Audubon Park
- Two 1‑bedroom units plus a stand‑alone rear studio unit
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 | $42.0k | $19.80 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $38.4k | $18.09 |
| − OpEx | −$11.5k | −$5.43 |
| NOI | $26.9k | $12.66 |
2,122 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.9K
$335.9K – $447.8K
NOI $26,870 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$352.8K
$308.7K – $411.6K
NOI $24,698 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$539.3K
$471.9K – $629.2K
NOI $37,754 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Custom-renovated triplex with two one-bedroom units and a rear studio, plus laundry in all units.
Where is this triplex located?
The property is located at 418 HENRY CLAY Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Custom‑renovated Victorian with original details including hardwood floors, exposed beams, and brick fireplaces; Uptown location just 2 blocks to Audubon Park; Two 1‑bedroom units plus a stand‑alone rear studio unit
