Seven-Bedroom
For Sale
$799,000
5530 WILLOW Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size3,800 SF
Lot Size0.11 Acres
Price / SF$210.26
Days on Market39
Property Features for 5530 WILLOW Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Parking
3
Parking features
Driveway
Standard status
Active
APN
614335202
Size
3,800 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SQ 650 LOT B WILLOW 40X120 S-RAISED-3 APTS
Legal Description
SQ 650 LOT B WILLOW 40X120 S-RAISED-3 APTS
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Number of units
3
Flooring type
Bamboo, Vinyl, Plank, Wood
Building materials
Vinyl Siding
Architectural style
Other
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Becky Ray Giroir · License #000015274
(504) 333-2645
Added: Sep 16
Changed: Oct 23
Last Checked: Oct 24 at 3:06PM
MLS# 2577551
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
This New Orleans triplex contains 3,800 square feet across seven bedrooms and four bathrooms. The property occupies a 0.1102-acre lot and has vinyl siding, with plank, vinyl, bamboo, and wood flooring. Central heating and central air conditioning serve the building, and driveway parking is provided. Public water and sewer are available.
The property is in the Uptown area, with universities described as nearby. The building is fully leased, offering an existing occupied configuration.
The property is in the Uptown area, with universities described as nearby. The building is fully leased, offering an existing occupied configuration.
Key Highlights
- Triplex with 3,800 square feet
- Seven bedrooms and four bathrooms
- Located on a 0.1102‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,662
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,240
$653.2K
Cap Rate 7%
$466,600
$466.6K
Cap Rate 9%
$362,911
$362.9K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$51.1K $13.44/SF
− Vacancy
−$4.4K −$1.16/SF
EGI
$46.7K $12.28/SF
− OpEx
−$14.0K −$3.68/SF
NOI
$32.7K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,240
Cap Rate 7%
$466,600
Cap Rate 9%
$362,911
Alternative Uses
Best Use
Multifamily LT 5
$466.6K
$408.3K – $544.4K
NOI $32,662 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$413.6K
$361.9K – $482.6K
NOI $28,953 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.00M
$877.2K – $1.17M
NOI $70,178 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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 - A fully leased residential property with central heating and air conditioning and driveway parking.
Where is this triplex located?
The property is located at 5530 WILLOW Street New Orleans, LA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Triplex with 3,800 square feet; Seven bedrooms and four bathrooms; Located on a 0.1102‑acre lot
