Triplex with Porch and Screened
4930-32 Constance Street New Orleans, LA 70115
4930-32 Constance Street, New Orleans, LA, 70115
$749,000
For Sale
$749,000
Triplex includes a renovated downstairs 3-bed unit and two upstairs units with private entrances.
Property Size3,551 SF
Price / SF$210.93
Days on Market372
Property Features for 4930-32 Constance Street
General Information
- Standard status
- Active
- Size
- 3,551 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing agency
REVE, REALTORS
(504) 610-5637
Listed by
Joey Walker · License #995699523
(504) 610-5637
Source
Compass
Added: Jul 16, 2025 Updated: Jul 21 at 1:18PM Checked: Jul 21 at 1:18PM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This expansive triplex offers a flexible setup with a spacious main unit and two additional upstairs residences, each with its own private entrance. The downstairs unit has been recently renovated and features three bedrooms and 2.5 bathrooms, with updates including the kitchen and baths. Interior details include beautiful wood floors throughout much of the home, along with high ceilings. Enjoy outdoor space with a charming front porch, a cozy screened rear porch, and a private backyard.
The property is located on a tree-lined block and is just one block from Magazine Street, providing convenient access to nearby dining, shopping, and parade routes.
Upstairs, there are two well-appointed units: one unit is a 1 bedroom with 1 bathroom, and the other is a 2 bedroom with 1 bathroom. This configuration supports an owner-occupant layout while maintaining rental income from the upper levels.
The property is located on a tree-lined block and is just one block from Magazine Street, providing convenient access to nearby dining, shopping, and parade routes.
Upstairs, there are two well-appointed units: one unit is a 1 bedroom with 1 bathroom, and the other is a 2 bedroom with 1 bathroom. This configuration supports an owner-occupant layout while maintaining rental income from the upper levels.
Key Highlights
- Triplex with 3 total units: renovated downstairs 3‑bed/2.5‑bath plus two upstairs units (1 bed/1 bath and 2 bed/1 bath)
- Downstairs unit updates include the kitchen and baths
- Wood floors flow throughout most of the home and the property has high ceilings
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 | $47.7k | $13.44 |
| − Vacancy | −$4.1k | −$1.16 |
| EGI | $43.6k | $12.28 |
| − OpEx | −$13.1k | −$3.68 |
| NOI | $30.5k | $8.60 |
3,551 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.0K
$381.5K – $508.7K
NOI $30,521 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$386.5K
$338.2K – $450.9K
NOI $27,056 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$936.9K
$819.8K – $1.09M
NOI $65,580 @ 7.0% cap · market cap 8.76%
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 - Triplex includes a renovated downstairs 3-bed unit and two upstairs units with private entrances.
Where is this triplex located?
The property is located at 4930-32 Constance Street New Orleans, LA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Triplex with 3 total units: renovated downstairs 3‑bed/2.5‑bath plus two upstairs units (1 bed/1 bath and 2 bed/1 bath); Downstairs unit updates include the kitchen and baths; Wood floors flow throughout most of the home and the property has high ceilings
