Three-Unit Triplex with Vacant
For Sale
$324,900
5335 Burgundy St, New Orleans, LA 70117
Two units are leased, while the third is available for light cosmetic updates.
Property Size2,356 SF
Price / SF$137.90
Days on Market211
Property Features for 5335 Burgundy St
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
ready for light cosmetic updates
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Boyd Realtors, LLC
Listed By:
Jaime Wright · License #995697965
(305) 962-6201
Source:
Dominionplace
Added: Mar 19
Changed: Sep 14
Last Checked: Oct 7 at 1:30PM
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 Boyd Realtors, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980, this 2,356-square-foot triplex at 5335 Burgundy Street contains three two-bedroom, one-bath units. Two units are leased, and the remaining unit is vacant and positioned for light cosmetic updates. The configuration supports an owner-occupant arrangement or continued use as a multifamily rental property.
The property is in the Holy Cross area of New Orleans, with access to the French Quarter, Bywater, and downtown New Orleans. Its three-unit layout provides separate residential spaces within a single multifamily asset, offering flexibility for occupancy and leasing plans.
The property is in the Holy Cross area of New Orleans, with access to the French Quarter, Bywater, and downtown New Orleans. Its three-unit layout provides separate residential spaces within a single multifamily asset, offering flexibility for occupancy and leasing plans.
Key Highlights
- 2,356 SF triplex with three residential units
- Three 2 bedroom / 1 bath units
- Two units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,833
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,660
$596.7K
Cap Rate 7%
$426,186
$426.2K
Cap Rate 9%
$331,478
$331.5K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$46.6K $19.80/SF
− Vacancy
−$4.0K −$1.71/SF
EGI
$42.6K $18.09/SF
− OpEx
−$12.8K −$5.43/SF
NOI
$29.8K $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%
$596,660
Cap Rate 7%
$426,186
Cap Rate 9%
$331,478
Alternative Uses
Best Use
Multifamily LT 5
$426.2K
$372.9K – $497.2K
NOI $29,833 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$391.7K
$342.8K – $457.0K
NOI $27,421 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$598.8K
$524.0K – $698.6K
NOI $41,917 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two units are leased, while the third is available for light cosmetic updates.
Where is this triplex located?
The property is located at 5335 Burgundy St New Orleans, LA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2,356 SF triplex with three residential units; Three 2 bedroom / 1 bath units; Two units are currently leased
