$400,000

Estimated payment $2,417/month

Total Views 432
10 Beds
7 Baths
5,342 Sq Ft
$75 Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Property is in very good condition
  • Rectangular Lot

About This Home

Investor’s Dream – 4 Fourplexes Sold as a Package!

Rare opportunity to acquire four income-producing fourplexes being offered together as a package deal MLS #2518525, 2518530, and 2518533. With a new roof installed in 2022 and over 50% of the units renovated in the last two years, much of the heavy lifting has already been done. Current monthly rents total $15,026 with 5 vacancies, all recently spruced up and 3 are currently tenant ready. Significant upside potential to reach approximately $24,000 per month under Section 8 payment standards. This is a strong value-add investment with both stable cash flow and room for growth. Don’t miss the chance to own a solid multi-family portfolio with immediate income and long-term potential! Do not miss out on this awesome addition to any portfolio. Priced below recent appraisal. Flood insurance runs approximately $3,000 per building annually.

Listing Agent

Meghan Mercadel

NOLA Property Collective, LLC License #995700537 Listed on: 08/27/2025

Co-Listing Agent

AARONESIA CHRISTOPHE

NOLA Property Collective, LLC License #995700800

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,904

Year Built

  • Built in 1985

Lot Details

  • 6,839 Sq Ft Lot
  • Lot Dimensions are 56x121x58x120
  • Rectangular Lot
  • Property is in very good condition

Home Design

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

Interior Spaces

  • 5,342 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 10 Bedrooms

Parking

  • 3 Parking Spaces
  • Carport
  • Off-Street Parking

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 513615601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,904

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.157
  • Lot Size: 56x121x58x120
  • Co List Office Mls Id: NOPC01
  • Co List Office Phone: (504) 940-4752
  • Architectural Style: Other
  • Carport Y N: Yes
  • Entry Level: 2
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1985
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Total Bedrooms: 10
  • Living Area: 5342.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Property Condition: Very Good Condition
  • Roof: Shingle

Garage/Parking

  • Parking Features: Carport, Off Street, Three or more Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 513615601

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $2,904 $22,000 $1,370 $20,630
2024 $2,948 $22,000 $1,370 $20,630
2023 $2,026 $14,970 $1,340 $13,630
2022 $2,026 $14,290 $1,340 $12,950
2021 $2,171 $14,970 $1,340 $13,630
2020 $2,193 $14,970 $1,340 $13,630
2019 $3,481 $23,000 $1,370 $21,630
2018 $3,550 $23,000 $1,370 $21,630
2017 $3,390 $23,000 $1,370 $21,630
2016 $3,934 $27,000 $1,370 $25,630
2015 $4,038 $27,000 $1,370 $25,630
2014 -- $27,000 $1,370 $25,630
2013 -- $30,000 $1,370 $28,630
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 For Sale $400,000 -- $75 / Sq Ft
Source: ROAM MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 Credit Line Revolving
Closed $1,000,000 Construction
Closed $100,000 New Conventional
Source: Public Records

Similar Homes in New Orleans, LA

  • 1216 22 France St, New Orleans, LA 70117

    $495,000

    • 8 Beds
    • 4 Baths
    • 3,150 Sq Ft
    • 1216 22 France St
    • New Orleans, LA

    Great opportunity to own a fully occupied, 4-unit apartment building in the heart of the city. Each unit consists of 2 bedrooms and 1 bath in each unit with laundry hook-up. All units are currently rented, generating over $4,600/month in gross rental income with long-term tenants in place. Stable cash flow!

    Patrice Poree Paidyn Realty

    Section Image
  • 6800 W Coronet Ct, New Orleans, LA 70126

    $344,000

    • 9 Beds
    • 8 Baths
    • 4,601 Sq Ft
    • 6800 W Coronet Ct
    • New Orleans, LA

    Prime Investment Opportunity! This 4-unit income-generating property sits on a corner lot, offering excellent potential for investors. Recent updates include brand-new windows (2024) and a roof just 4 years old. Each unit features ceramic flooring and central air, ensuring comfort and durability. All units are currently occupied, generating a strong rental income of $52,000 annually. Don’t miss

    Bianca Martin Martin Realty Group

    Section Image
  • 7040 Crowder Blvd, New Orleans, LA 70127

    $375,000

    • 8 Beds
    • 8 Baths
    • 4,648 Sq Ft
    • 7040 Crowder Blvd
    • New Orleans, LA

    Looking for a multi-unit investment property? Here it is! Corner 4-plex in the Lake Willow subdivision. Each unit has 2 bedrooms and a full bathroom upstairs. Downstairs has a spacious living and dining room, plus a kitchen and a half bath with washer & dryer hookups. Each unit also has its own yard and off street parking space.

    ALOREA GILYOT LATTER & BLUM (LATT09)

    Section Image
  • 3316 Seine St, New Orleans, LA 70114

    $400,000

    • 10 Beds
    • 13 Baths
    • 5,326 Sq Ft
    • 3316 Seine St
    • New Orleans, LA

    Investor’s Dream – 4 Fourplexes Sold as a Package!Rare opportunity to acquire four income-producing fourplexes being offered together as a package deal MLS #2518524, 2518530, and 2518533. With a new roof installed in 2022 and over 50% of the units renovated in the last two years, much of the heavy lifting has already been done. Current monthly rents total $15,026 with 5 vacancies, all

    Meghan Mercadel NOLA Property Collective, LLC

    Section Image
  • 3324 Seine St, New Orleans, LA 70114

    $400,000

    • 10 Beds
    • 13 Baths
    • 5,342 Sq Ft
    • 3324 Seine St
    • New Orleans, LA

    Investor’s Dream – 4 Fourplexes Sold as a Package!Rare opportunity to acquire four income-producing fourplexes being offered together as a package deal MLS #2518525, 2518533, and 2518524. With a new roof installed in 2022 and over 50% of the units renovated in the last two years, much of the heavy lifting has already been done. Current monthly rents total $15,026 with 5 vacancies, all

    Meghan Mercadel NOLA Property Collective, LLC

    Section Image
  • 3330 Seine St, New Orleans, LA 70114

    $400,000

    • 9 Beds
    • 13 Baths
    • 5,342 Sq Ft
    • 3330 Seine St
    • New Orleans, LA

    Investor’s Dream – 4 Fourplexes Sold as a Package!Rare opportunity to acquire four income-producing fourplexes being offered together as a package deal MLS #2518525, 2518530, and 2518524. With a new roof installed in 2022 and over 50% of the units renovated in the last two years, much of the heavy lifting has already been done. Current monthly rents total $15,026 with 5 vacancies, all

    Meghan Mercadel NOLA Property Collective, LLC

    Section Image
  • 1101 Verret St, New Orleans, LA 70114

    $480,000

    • 8 Beds
    • 8 Baths
    • 5,200 Sq Ft
    • 1101 Verret St
    • New Orleans, LA

    Discover a rare investment opportunity in the heart of historic Algiers Point! This unique 7-unit multifamily property spans from 1101 to 1115 Verret Street and offers a strong income-producing portfolio in one of New Orleans’ most charming and walkable neighborhoods.Each unit features classic New Orleans architectural details, the 2 Bedroom has partial vaulted ceiling, and spacious

    Elaine Darensburg Duhon Realty LLC

    Section Image
  • 5975 - 81 Tullis Dr, New Orleans, LA 70131

    $465,000

    • 8 Beds
    • 8 Baths
    • 4,676 Sq Ft
    • 5975 - 81 Tullis Dr
    • New Orleans, LA

    Looking to start your rental investment portfolio, or add a new property to an existing one? Look no further than this well maintained 4plex in Algiers! Each unit has 2 bedrooms, 1 full and 1 half bathrooms, living room, dining room, kitchen, and laundry. Conveniently located near the Woodland Highway Bridge to access Belle Chasse and the under construction LNG Plant. All units are presently

    Zuheily Lemoine Good Roots Realty, LLC

    Section Image
  • 1216 18 Gordon St, New Orleans, LA 70117

    $385,900

    • 8 Beds
    • 6 Baths
    • 3,466 Sq Ft
    • 1216 18 Gordon St
    • New Orleans, LA

    Discover this pristine duplex, for both investors and owner-occupants seeking a fantastic opportunity. Each unit features 4 spacious bedrooms and 2.5 modern bathrooms, complete with stainless steel appliances and easy-to-maintain flooring throughout. With both units being less than 3 years old, you can expect minimal maintenance for years to come. The upper unit is currently rented, providing

    Ronald Ward Ronald Ward Real Estate

    Section Image

Source: ROAM MLS

MLS Number: 2518524

APN: 5-13-6-156-01