Historic Triplex with
For Sale
$698,250
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$321.03
Days on Market335
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
(504) 274-2701
Listed By:
Mason McCullough · License #LA9705
Source:
Ewbank.kw
Added: Oct 1, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:35PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,541
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.94%
Second Best
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,314 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$552.8K
$483.7K – $645.0K
NOI $38,697 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
7,747
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $698,250.
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
