Triplex with Gated
New
For Sale
$500,000
633 S Dupre St, New Orleans, LA 70119
Three residences include two apartments and a studio, with fenced outdoor areas at both the front and rear.
Property Size2,178 SF
Price / SF$229.57
Days on Market7
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Property Features for 633 S Dupre St
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Additional Details
Gross Income
$49,800
Amenities
oversized front porch
landscaped fenced front yard
private fully gated backyard
deck
fire pit
gravel gathering areas
Listing Agency:
Homesmart Realty South
(504) 908-7653
Listed By:
Whitney Harrel · License #995714721
(713) 445-6614
Source:
Exprealty
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 15 at 3:17AM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This triplex contains three living spaces: a two-bedroom, two-bath residence of approximately 1,200 SF, a one-bedroom, one-bath residence of approximately 800 SF, and a studio. Interior details include high ceilings and finished flooring. The property is fully occupied, with on-street parking available.
Outdoor features include an oversized front porch and a landscaped, fenced front yard. A separate gated backyard has a deck, fire pit, gravel gathering areas, and greenery. The property is in New Orleans’ Mid-City area, with neighborhood dining, shopping, recreation, and major city destinations described as accessible from the location.
Outdoor features include an oversized front porch and a landscaped, fenced front yard. A separate gated backyard has a deck, fire pit, gravel gathering areas, and greenery. The property is in New Orleans’ Mid-City area, with neighborhood dining, shopping, recreation, and major city destinations described as accessible from the location.
Key Highlights
- Three living spaces: two‑bedroom, two‑bath residence, one‑bedroom, one‑bath residence, and studio
- Approximately 1,200 SF two‑bedroom residence and approximately 800 SF one‑bedroom residence
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,579
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,580
$551.6K
Cap Rate 7%
$393,986
$394.0K
Cap Rate 9%
$306,433
$306.4K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$43.1K $19.80/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$39.4K $18.09/SF
− OpEx
−$11.8K −$5.43/SF
NOI
$27.6K $12.66/SF
Area
ZIP 70119
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%
$551,580
Cap Rate 7%
$393,986
Cap Rate 9%
$306,433
Alternative Uses
Best Use
Multifamily LT 5
$394.0K
$344.7K – $459.7K
NOI $27,579 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$362.1K
$316.9K – $422.5K
NOI $25,349 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$569.9K
$498.7K – $664.9K
NOI $39,894 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,253
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include two apartments and a studio, with fenced outdoor areas at both the front and rear.
Where is this triplex located?
The property is located at 633 S Dupre St New Orleans, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three living spaces: two‑bedroom, two‑bath residence, one‑bedroom, one‑bath residence, and studio; Approximately 1,200 SF two‑bedroom residence and approximately 800 SF one‑bedroom residence; Fully occupied
