Renovated Victorian
For Sale
$849,000
Pending
418 HENRY CLAY Avenue, New Orleans, LA 70118
Multi-Family, Victorian, New Orleans, LA
Property Size2,122 SF
Days on Market141
Property Features for 418 HENRY CLAY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Regular
Subdivision
Uptown
Standard status
Pending
APN
418-HENRYCLAYAV
Size
2,122 SF
Taxes and HOA fees
Tax Description
BURTHEVILLE SQ 14 LOT 18 32X120
Legal Description
BURTHEVILLE SQ 14 LOT 18 32X120
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
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
Floors in Building
1
Number of units
3
Architectural style
Victorian
Listing Agency:
McEnery Residential, LLC
(504) 605-4400
Listed By:
Lesley Poche
(504) 259-2561
Added: Jun 1
Changed: Oct 1
Last Checked: Oct 19 at 10:06AM
MLS# 2560693
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.
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Investment Insights
Based on property information with market context.
This Victorian triplex, built in 1900, contains 2,122 square feet and combines preserved architectural character with a custom renovation. The layout includes two one-bedroom units and a separate rear studio with a bedroom/living area, kitchenette, full bathroom, and laundry. Original hardwood floors, exposed beams, tall ceilings, and brick fireplaces remain, while updated kitchens include custom cabinetry, granite countertops, and high-end appliances. Walk-in closets are provided on both sides of the property.
The rear studio is currently rented and shares an electrical meter with the primary 418 unit. Its flexible arrangement also supports use as a home office, guest suite, or additional residential unit. The property includes a porch, central heating, central air conditioning, and public water.
The rear studio is currently rented and shares an electrical meter with the primary 418 unit. Its flexible arrangement also supports use as a home office, guest suite, or additional residential unit. The property includes a porch, central heating, central air conditioning, and public water.
Key Highlights
- Triplex configuration with two one‑bedroom units and a separate rear studio
- 2,122 square feet on a 0.05‑acre lot
- Custom kitchens with 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.
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature custom kitchens, private laundry, and central heating and air conditioning.
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 $849,000.
What are key features of this property?
This property features: Triplex configuration with two one‑bedroom units and a separate rear studio; 2,122 square feet on a 0.05‑acre lot; Custom kitchens with cabinetry, granite countertops, and high‑end appliances
