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7832-34 Plum St, New Orleans, LA, 70118

5beds
3baths
3,311sqft
$499,000
$151price/sqft
$3,778/moest. monthly cost
$151,120/yrincome needed

About This Home

Calling all investors! This New Orleans tri-plex offers a solid unit mix and strong upside in a raised, siding-construction townhouse-style building. Unit 1 features 2 bedrooms/1 bath at approximately 1,633 sq ft, while Unit 2 & 3 offer approximately 800 sq ft — providing flexible income potential or an owner-occupant house-hack opportunity. Exterior features include a balcony and fenced yard, off-street parking, and a shingle roof. Both units benefit from central heat and air, city sewer, and public water, with Entergy electric and natural gas service already in place. Sold strictly as-is, where-is — this bank-owned property is priced to reflect its fair condition and is ready for a buyer to bring vision and renovation budget to unlock its full rental potential. Owner financing may be available — inquire for details. Excellent opportunity to add a cash-flowing (or soon-to-be cash-flowing) asset to your New Orleans portfolio. Measurements approximate, not guaranteed. Buyer to verify all information independently.

Getting Around

92
WalkingWalker's Paradise
55
TransitGood Transit
78
BikeVery Bikeable

Construction

Condition

  • Property condition: Average Condition
  • Year built: 1908

Materials

  • Foundation: Raised
  • Roof: Shingle
  • Construction materials: HardiPlank Type

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse,Triplex,Multi Family,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Heating & Cooling

  • Heating features: Central,Other
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total interior livable area: 3,311 sqft

Property

Details

  • Parcel number: 716201308
  • Special condition: Real Estate Owned

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Balcony
  • Exterior features: Balcony,Fence

Lot

  • Lot size: 4,500 sqft
  • Features: Outside City Limits,Rectangular Lot
  • Lot size dimensions: 30 x 150

Parking

  • Parking features: Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Cold Wave
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Other
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance *$652$7,824
Property Taxes $353$4,236
Electricity $250$3,004
Total$3,778$45,336
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$129,531/yr
40% on housing$113,340/yr
45% on housing$100,746/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 4.1%
4.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$151This listing

vs Other Active Listings

Avg $/sqft

ZIP 70118$234
Orleans Parish$177

vs Homes Sold Last Month

Median $/sqft

ZIP 70118$261
Orleans Parish$199

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

No price history available

Unknown Listed By

AgentJason Melancon
BrokerageRE/MAX Synergy

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