Three-Unit Income
4820 ELYSIAN FIELDS Avenue New Orleans, LA 70122
4820 ELYSIAN FIELDS Avenue, New Orleans, LA, 70122
$525,000
For Sale
$525,000
MULTI_FAMILY - New Orleans, LA
Property Size3,617 SF
Price / SF$145.15
Days on Market74
Property Features for 4820 ELYSIAN FIELDS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- Size
- 3,617 SF
Taxes and HOA fees
- Tax Description
- SQ 3617 LOT M-2 OR 3 ELYSIAN FIELDS AV 50X187 & LOT 4 50X120 BR/SGLE 8/RMS GAR T/R
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
Listing Agency
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
3500 N Causeway Blvd Suite 350, Metairie, LA
Listed by
Joyce Guidroz · License #995682077
(504) 669-8822
Added: May 5 Checked: Jul 17 at 3:06 am
MLS# 2555738
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.
This triplex offers three fully rented residential units, each with its own private entrance. The main (owner’s) unit is larger, featuring over 2,600 square feet with three bedrooms and two full bathrooms. Rounding out the property are a separate one-bedroom, one-bath unit and a detached studio with its own bathroom, creating multiple, self-contained living setups.
Located at 4820 ELYSIAN FIELDS Avenue in New Orleans, Louisiana (70122), the property also includes ample parking for tenants and guests, supporting convenient move-in and day-to-day access for residents.
For owner-occupants, the layout allows you to live in the main unit while the remaining units provide additional rental income. For investors or buyers looking for an income-generating portfolio asset, the current in-place occupancy includes three rented units generating $5,300 per month, supported by a configuration that keeps each unit’s entry private and separate from the others.
Located at 4820 ELYSIAN FIELDS Avenue in New Orleans, Louisiana (70122), the property also includes ample parking for tenants and guests, supporting convenient move-in and day-to-day access for residents.
For owner-occupants, the layout allows you to live in the main unit while the remaining units provide additional rental income. For investors or buyers looking for an income-generating portfolio asset, the current in-place occupancy includes three rented units generating $5,300 per month, supported by a configuration that keeps each unit’s entry private and separate from the others.
Key Highlights
- Income‑producing property generating $5,300 per month from three fully rented units.
- Main unit boasts over 2,600 sq ft with 3 bedrooms and 2 full baths.
- Multiple income streams from a 1‑bedroom, 1‑bath unit and a detached studio with its own bathroom.
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 | $58.6k | $16.20 |
| − Vacancy | −$5.1k | −$1.40 |
| EGI | $53.5k | $14.80 |
| − OpEx | −$16.1k | −$4.44 |
| NOI | $37.5k | $10.36 |
3,617 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$535.3K
$468.4K – $624.6K
NOI $37,473 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,550 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$946.5K
$828.2K – $1.10M
NOI $66,252 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex with private entrances, ample parking, and three income-producing residential units currently rented.
Where is this triplex located?
The property is located at 4820 ELYSIAN FIELDS Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Income‑producing property generating $5,300 per month from three fully rented units.; Main unit boasts over 2,600 sq ft with **3 bedrooms and 2 full baths.**; Multiple income streams from a 1‑bedroom, 1‑bath unit and a detached studio with its own bathroom.
