Historic Triplex with
For Sale
$660,000
522 BURGUNDY Street, New Orleans, LA 70112
Three residential units offer central air, loft bedrooms, and a rear courtyard in New Orleans’ French Quarter.
Property Size2,175 SF
Price / SF$303.45
Days on Market384
Property Features for 522 BURGUNDY Street
General Information
Standard status
Active
Size
2,175 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Gross Income
$62,400
Multifamily Units
3
Amenities
central air
loft bedrooms
rear courtyard
Building Details
Building Size
2,175 SF
Year Built
1850
Listing Agency:
Bridgewater Realty Advisors, LLC
Listed By:
Mason McCullough · License #LA9705
(504) 274-2701
Source:
Ewbank.kw
Added: Oct 1, 2025
Changed: Oct 16
Last Checked: Oct 19 at 3:43AM
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 Bridgewater Realty Advisors, LLC
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Investment Insights
Based on property information with market context.
Built in 1850, this three-unit residential property at 522–524 Burgundy Street contains 2,175 square feet and retains historic architectural character. The configuration includes loft bedrooms, central air, and a rear courtyard, combining period elements with practical residential features. The property is currently 100% occupied.
Located on the 500 block of Burgundy Street in New Orleans’ French Quarter, the property is positioned near dining, shopping, and entertainment. Its three-unit layout supports continued residential occupancy while preserving the character associated with the surrounding area.
Located on the 500 block of Burgundy Street in New Orleans’ French Quarter, the property is positioned near dining, shopping, and entertainment. Its three-unit layout supports continued residential occupancy while preserving the character associated with the surrounding area.
Key Highlights
- Three residential units totaling 2,175 square feet
- Built in 1850 with historic architectural character
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,541
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,820
$550.8K
Cap Rate 7%
$393,443
$393.4K
Cap Rate 9%
$306,011
$306.0K
Market Conditions
NOI Build-Up for 2,175 SF
Gross rent
$43.1K $19.80/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$39.3K $18.09/SF
− OpEx
−$11.8K −$5.43/SF
NOI
$27.5K $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%
$550,820
Cap Rate 7%
$393,443
Cap Rate 9%
$306,011
Alternative Uses
Best Use
Multifamily LT 5
$393.4K
$344.3K – $459.0K
NOI $27,541 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,314 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$552.8K
$483.7K – $645.0K
NOI $38,697 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
7,747
Businesses Nearby
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Business Placement
Demographics for 70112, LA
4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value
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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 offer central air, loft bedrooms, and a rear courtyard in New Orleans’ French Quarter.
Where is this triplex located?
The property is located at 522 BURGUNDY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Three residential units totaling 2,175 square feet; Built in 1850 with historic architectural character; 100% occupied
