Historic Three-Unit Multifamily
For Sale
$990,000
817 BARRACKS Street, New Orleans, LA 70116
Updated residential income property with historic character in a walkable French Quarter setting.
Property Size3,320 SF
Price / SF$298.19
Days on Market384
Property Features for 817 BARRACKS Street
General Information
Standard status
Active
Size
3,320 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Gross Income
$66,000
Public Transit
Yes
Multifamily Units
3
Building Details
Building Size
3,320 SF
Year Built
1900
Listing Agency:
Bridgewater Realty Advisors, LLC
Listed By:
Mason McCullough · License #LA9705
(504) 274-2701
Source:
Burkbrokerage
Added: Oct 1, 2025
Changed: Oct 17
Last Checked: Oct 16 at 4:19PM
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 Bridgewater Realty Advisors, LLC
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.
Built in 1900, this historic multifamily property contains 3,320 square feet arranged across three updated units. The building retains architectural character associated with the French Quarter and is currently 100% occupied.
Located at 817 Barracks Street in New Orleans, the property sits within a residential portion of the French Quarter. Armstrong Park, the Rampart Streetcar, and the neighborhood’s walkable attractions are nearby, providing convenient access to established cultural and transportation destinations.
Located at 817 Barracks Street in New Orleans, the property sits within a residential portion of the French Quarter. Armstrong Park, the Rampart Streetcar, and the neighborhood’s walkable attractions are nearby, providing convenient access to established cultural and transportation destinations.
Key Highlights
- 3,320‑square‑foot multifamily property with three updated units
- 100% occupied across the three‑unit configuration
- Historic building constructed in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,039
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,780
$840.8K
Cap Rate 7%
$600,557
$600.6K
Cap Rate 9%
$467,100
$467.1K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$65.7K $19.80/SF
− Vacancy
−$5.7K −$1.71/SF
EGI
$60.1K $18.09/SF
− OpEx
−$18.0K −$5.43/SF
NOI
$42.0K $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%
$840,780
Cap Rate 7%
$600,557
Cap Rate 9%
$467,100
Alternative Uses
Best Use
Multifamily LT 5
$600.6K
$525.5K – $700.7K
NOI $42,039 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$552.0K
$483.0K – $644.0K
NOI $38,641 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$843.8K
$738.4K – $984.5K
NOI $59,068 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
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 - Updated residential income property with historic character in a walkable French Quarter setting.
Where is this triplex located?
The property is located at 817 BARRACKS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 3,320‑square‑foot multifamily property with three updated units; 100% occupied across the three‑unit configuration; Historic building constructed in 1900
