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Cottage Triplex with Private Courtyard
New
For Sale
$500,000

633 S DUPRE Street, New Orleans, LA 70119

Multi-Family, Cottage, New Orleans, LA

Property Size2,178 SF
Price / SF$229.57
Days on Market2

Property Features for 633 S DUPRE Street

General Information

Property type Residential Multi Family
Property subtype Other
Patio and Porch features Porch
Exterior features Courtyard, Porch
Lot features Regular
Standard status Active
APN 626
Size 2,178 SF

Taxes and HOA fees

Tax Description SQ 626 LOT 30 SO DUPRE 30' 11" X 144' 633-35 SO DUPRE ST
Legal Description SQ 626 LOT 30 SO DUPRE 30' 11" X 144' 633-35 SO DUPRE ST

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Amenities

front porch
landscaped fenced front yard
private gated backyard
deck
fire pit
gravel gathering areas

Building Details

Year built 1900
Floors in Building 1
Number of units 3
Roof type Shingle
Architectural style Cottage
Listing Agency: Homesmart Realty South · HomeSmart International
Listed By: Whitney Harrel · License #995714721
Added: Oct 9 Last Checked: Oct 10 at 6:06AM
MLS# 2581011

Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

At 633 S Dupre Street in New Orleans, this 1900-built cottage is arranged as three living spaces: a two-bedroom, two-bath residence of approximately 1,200 square feet, a one-bedroom, one-bath residence of approximately 800 square feet, and a studio. Central heating and air conditioning serve the property, which has a shingle roof.

Outdoor features include a large front porch, a fenced front yard, and a gated rear area with a deck, fire pit, gravel gathering spaces, and greenery. The property is described as fully occupied and offers on-street parking.

Key Highlights

  • Three living spaces: a two‑bedroom, two‑bath residence, a one‑bedroom, one‑bath residence, and a studio
  • Approximate residence sizes of 1,200 square feet and 800 square feet
  • Gated backyard with deck, fire pit, gravel gathering areas, and greenery

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 (±1% cap)
NOI $27,579 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$362.1K
$316.9K – $422.5K (±1% cap)
NOI $25,349 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$569.9K
$498.7K – $664.9K (±1% cap)
NOI $39,894 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Garden Center Home Appliance Store Locksmith (Bike/Boat/Book/etc) Store Computer & Electronic Repair Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,472
Businesses Nearby

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
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate living spaces include two residences and a studio, with shared outdoor areas for residents.
Where is this triplex located?
The property is located at 633 S DUPRE Street 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: a two‑bedroom, two‑bath residence, a one‑bedroom, one‑bath residence, and a studio; Approximate residence sizes of 1,200 square feet and 800 square feet; Gated backyard with deck, fire pit, gravel gathering areas, and greenery
More about this property
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