$430,000

1724 Fern St New Orleans, LA 70118

East Carrollton Neighborhood

Estimated payment $2,779/month

6 Beds
4 Baths
3,280 Sq Ft
$131 Price per Sq Ft

Highlights

  • Balcony
  • 3-minute walk to Carrollton And Hickory
  • Rectangular Lot
  • Porch
  • Window Unit Cooling System
  • Fenced

About This Home

Rare opportunity—4-plexes seldomly come to the market in the Carrollton area. Located in an X flood zone, this property offers reduced flood insurance costs and peace of mind in a highly sought-after neighborhood.

The upstairs features two turnkey, renovated, and rented 2-bed, 1-bath units with wood floors, high ceilings, decorative fireplace mantles (non-functional), and window units providing both AC and heat. There is no central AC throughout the property. All are shotgun style homes.

The roof and all water heaters were replaced in 2023. The property has separate electrical meters for each unit, a single water meter, and a full electrical upgrade completed in 2002. Each unit has its own washer/dryer space with storage, plus access to a shared backyard.

All four units are currently rented, providing consistent income. The two downstairs 1-bed, 1-bath units are well below market rent and present a clear value-add opportunity—good for an investor looking to increase returns over time. This property could also be a great option for an owner-occupant: live in one unit and let the other three help cover the mortgage.

Just steps from Carrollton Avenue, the St. Charles streetcar line, shops, restaurants, and both Tulane and Loyola Universities, this property blends steady cash flow, classic New Orleans architecture, and strong upside potential—a rare find in one of the city’s most desirable neighborhoods.

Listing Agent

Niesha Freeman

Property Quest Realty License #995714419 Listed on: 08/12/2025

Co-Listing Agent

Leslie Smith

Property Quest Realty License #995714042

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,235

Year Built

  • Built in 1925

Lot Details

  • 3,210 Sq Ft Lot
  • Lot Dimensions are 30 x107
  • Fenced
  • Rectangular Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Hardboard

Interior Spaces

  • 3,280 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony
  • Porch

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 716207607

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,235

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0737
  • Lot Size: 30 x107
  • Co List Office Mls Id: NM2012
  • Co List Office Phone: (504) 261-8305
  • Entry Level: 2
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1925
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Living Area: 3280.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Brick, Hardboard
  • Exterior Features: Balcony, Fence, Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony, Porch
  • Property Condition: Average Condition
  • Roof: Shingle

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 716207607

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,235 $39,660 $9,630 $30,030
2024 $5,314 $39,660 $9,630 $30,030
2023 $5,507 $40,860 $6,420 $34,440
2022 $5,507 $39,140 $6,420 $32,720
2021 $5,882 $40,860 $6,420 $34,440
2020 $3,587 $24,670 $6,420 $18,250
2019 $3,727 $24,670 $6,420 $18,250
2018 $3,801 $24,670 $6,420 $18,250
2017 $3,629 $24,670 $6,420 $18,250
2016 $2,787 $18,360 $3,210 $15,150
2015 $2,730 $18,360 $3,210 $15,150
2014 -- $18,360 $3,210 $15,150
2013 -- $18,360 $3,210 $15,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 For Sale $430,000 -- $131 / Sq Ft
Source: ROAM MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 Future Advance Clause Open End Mortgage
Closed $142,000 Future Advance Clause Open End Mortgage
Source: Public Records

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Source: ROAM MLS

MLS Number: 2516382

APN: 7-16-2-076-07

Louisiana Orleans Parish New Orleans 70118 East Carrollton

1724 Fern St, New Orleans, LA

This home is located at 1724 Fern St, New Orleans, LA 70118 and is currently priced at $430,000, approximately $131 per square foot. This property was built in 1925. 1724 Fern St is a home located in Orleans Parish with nearby schools including Kipp Believe College Prep (Phillips), Warren Easton Senior High School, and Stuart Hall School For Boys.

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Nearby Homes
Listing Agent
Niesha Freeman
Section Image
Property Quest Realty
(504) 565-2350