Renovated Triplex with Off-Street
739 MONTEGUT Street, New Orleans, LA 70117
For Sale
$1,150,000
Three residences combine flexible room layouts with independent HVAC systems and a gated yard and parking area.
Property Size3,360 SF
Days on Market20
Property Features for 739 MONTEGUT Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Buildings
Listing Agency:
R. J. Brent & Associates Company, Inc.
Listed By:
Janet Maumus · License LA #000074237
(504) 376-4924
Source:
Burkbrokerage
Added: Oct 22
Changed: Nov 8
Last Checked: Oct 24 at 8:46PM
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 R. J. Brent & Associates Company, Inc.
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.
At 739 Montegut Street, this renovated triplex contains three residences with a combined four bedrooms, three flexible-use rooms, and five bathrooms. Improvements include a new roof, updated framing, new plumbing and electrical systems, independent HVAC for each residence, and new kitchens, bathrooms, appliances, and finishes. A rolling gate divides the yard from dedicated off-street parking, with the option to open the two areas together.
The property occupies a corner at Dauphine and Montegut in New Orleans’ Bywater neighborhood. The Warehouse and Capulet are next door, while the Marigny, French Quarter, Crescent Park, and downtown are described as minutes away. Restaurants, bars, and shops are also nearby.
The three-residence configuration supports separate living spaces, while the gated outdoor area can remain divided or be opened into one continuous space.
The property occupies a corner at Dauphine and Montegut in New Orleans’ Bywater neighborhood. The Warehouse and Capulet are next door, while the Marigny, French Quarter, Crescent Park, and downtown are described as minutes away. Restaurants, bars, and shops are also nearby.
The three-residence configuration supports separate living spaces, while the gated outdoor area can remain divided or be opened into one continuous space.
Key Highlights
- Three residences with a combined four bedrooms, three flexible‑use rooms, and five bathrooms
- New roof, updated framing, and new plumbing and electrical systems
- Independent HVAC systems, with new kitchens, bathrooms, appliances, and finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,546
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,920
$850.9K
Cap Rate 7%
$607,800
$607.8K
Cap Rate 9%
$472,733
$472.7K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$66.5K $19.80/SF
− Vacancy
−$5.7K −$1.71/SF
EGI
$60.8K $18.09/SF
− OpEx
−$18.2K −$5.43/SF
NOI
$42.5K $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 Rate 5%
$850,920
Cap Rate 7%
$607,800
Cap Rate 9%
$472,733
Alternative Uses
Best Use
Multifamily LT 5
$607.8K
$531.8K – $709.1K
NOI $42,546 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$558.7K
$488.8K – $651.8K
NOI $39,106 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$854.0K
$747.3K – $996.3K
NOI $59,780 @ 7.0% cap · market cap 5.20%
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
Location Intelligence
Trade Area within ½ mile
1,618
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
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in New Orleans, LA
Properties on Market for Triplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences combine flexible room layouts with independent HVAC systems and a gated yard and parking area.
Where is this triplex located?
The property is located at 739 MONTEGUT Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three residences with a combined four bedrooms, three flexible‑use rooms, and five bathrooms; New roof, updated framing, and new plumbing and electrical systems; Independent HVAC systems, with new kitchens, bathrooms, appliances, and finishes
