Townhouse-Style Triplex
7832 PLUM Street New Orleans, LA 70118
New
7832 PLUM Street, New Orleans, LA, 70118
$499,000
For Sale
$499,000
MULTI_FAMILY - New Orleans, LA
Property Size3,311 SF
Price / SF$150.71
Days on Market2
Property Features for 7832 PLUM Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Exterior features
- Balcony, Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 716201308
- Size
- 3,311 SF
Taxes and HOA fees
- Tax Description
- Lot 12, Square 154, 7th Municipal District
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
RE/MAX Synergy
(985) 307-1367
Listed by
Jason Melancon · License #995682487
(985) 307-1367
Added: Jul 22 Checked: Jul 23 at 7:06AM
MLS# 2563044
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.
This raised, siding-construction townhouse-style triplex contains three residential units. Unit 1 is a 2-bedroom, 1-bath layout, while Units 2 and 3 are smaller in size, offering a unit mix that can support flexible occupancy and rental structure. Exterior features include a balcony and a fenced yard, and the property includes a shingle roof. Each unit is described as having central heat and air, with city sewer and public water services noted.
Entergy electric and natural gas service are listed as in place. The property is offered for sale as-is, where-is, and is described as bank-owned. Measurements are approximate and are not guaranteed, and the buyer is advised to verify all information independently.
Off-street parking is included. The listing notes that owner financing may be available and that a buyer should inquire for details.
Entergy electric and natural gas service are listed as in place. The property is offered for sale as-is, where-is, and is described as bank-owned. Measurements are approximate and are not guaranteed, and the buyer is advised to verify all information independently.
Off-street parking is included. The listing notes that owner financing may be available and that a buyer should inquire for details.
Key Highlights
- New Orleans tri‑plex in a raised, townhouse‑style building with balcony and fenced yard
- Unit mix: Unit 1 has 2BD/1BA at approx. 1,633 SF; Units 2 & 3 each approx. 800 SF
- Central heat and air for both units; additional window unit(s) cooling noted
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.6k | $19.80 |
| − Vacancy | −$5.7k | −$1.71 |
| EGI | $59.9k | $18.09 |
| − OpEx | −$18.0k | −$5.43 |
| NOI | $41.9k | $12.66 |
3,311 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$598.9K
$524.1K – $698.8K
NOI $41,926 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$550.5K
$481.7K – $642.3K
NOI $38,536 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$841.5K
$736.4K – $981.8K
NOI $58,908 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Raised townhouse-style triplex includes three units, central heat and air, and off-street parking on city sewer and water.
Where is this triplex located?
The property is located at 7832 PLUM Street New Orleans, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: New Orleans tri‑plex in a raised, townhouse‑style building with balcony and fenced yard; Unit mix: Unit 1 has 2BD/1BA at approx. 1,633 SF; Units 2 & 3 each approx. 800 SF; Central heat and air for both units; additional window unit(s) cooling noted
