Renovated Gentilly Terrace Multi-Family
4654-56 Baccich Street New Orleans, LA 70122
4654-56 Baccich Street, New Orleans, LA, 70122
$519,900
For Sale
$519,900
Renovated multi-family property with income potential in Gentilly Terrace.
Property Size3,785 SF
Price / SF$137.36
Days on Market234
Property Features for 4654-56 Baccich Street
General Information
- Standard status
- Active
- Size
- 3,785 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1936
Listing Agency
Talbot Realty Group
(504) 319-1452
Listed by
Christopher Talbot · License #000075986
(504) 319-1452
Source
Compass
Added: Nov 25, 2025 Checked: Jul 15 at 9:07 pm
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
This renovated multi-family property in Gentilly Terrace offers strong income potential. The property features a duplex configuration with two units, each containing four bedrooms and two and a half bathrooms, plus a detached guest suite, functioning similarly to a triplex. The main building is approximately 3,700+ square feet. The main units feature hardwood floors, updated kitchens with stainless steel appliances, and modernized baths. The functional layouts with well-proportioned rooms support consistent leasing and multiple occupancy options. Improvements have been completed over time, and the property shows well. The detached guest suite includes a full kitchen and provides additional flexibility for extended living space, workspace, or supplemental income use. Off-street parking is available for multiple vehicles, and the property offers a low-maintenance setup. Located in established Gentilly Terrace, the property has convenient access to the Lakefront, I-610, and the French Quarter. The guest suite is not included in the main living area. Owner financing is available.
Key Highlights
- Strong income potential from a renovated multi‑family property (duplex + detached guest suite).
- Owner financing available.
- Two 4BR/2.5BA units in the main building (approx. 3,700+ SF) feature hardwood floors, updated kitchens with stainless appliances, and modernized baths.
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 | $61.3k | $16.20 |
| − Vacancy | −$5.3k | −$1.40 |
| EGI | $56.0k | $14.80 |
| − OpEx | −$16.8k | −$4.44 |
| NOI | $39.2k | $10.36 |
3,785 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$560.2K
$490.2K – $653.6K
NOI $39,213 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$486.6K
$425.8K – $567.7K
NOI $34,062 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$990.4K
$866.6K – $1.16M
NOI $69,329 @ 7.0% cap · market cap 13.34%
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 - Renovated multi-family property with income potential in Gentilly Terrace.
Where is this triplex located?
The property is located at 4654-56 Baccich Street New Orleans, LA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Strong income potential from a renovated multi‑family property (duplex + detached guest suite).; Owner financing available.; Two 4BR/2.5BA units in the main building (approx. 3,700+ SF) feature hardwood floors, updated kitchens with stainless appliances, and modernized baths.
