4120 24 Erato St New Orleans, LA 70125
Gert Town NeighborhoodEstimated payment $2,019/month
Highlights
- ENERGY STAR Qualified Appliances
- ENERGY STAR Qualified Water Heater
- Property has 1 Level
- Central Heating and Cooling System
- Property is in very good condition
About This Home
Turnkey Investment Opportunity in the Heart of New Orleans!
Come see this newly remodeled double featuring two spacious 3-bedroom, 2-bath units with no carpet, fresh paint, and modern finishes throughout. This income-producing property is ideal for both investors and owner-occupants alike.
Each unit is separately metered for water and electricity, offering maximum flexibility and efficiency for tenants and owners. With projected market rents of approximately $2,016 per unit, this property delivers a strong return and excellent cap rate potential.
Additional upgrades include a new hot water heater, two brand-new A/C condensers, and off-street parking — all in a high-demand location just minutes from the CBD, French Quarter, major interstates, and the best of New Orleans living.
Whether you're looking to live in one unit and lease the other, or add a strong performer to your rental portfolio, 4120-24 Erato Street is a rare find.
Schedule your private showing today and secure this exceptional opportunity before it’s gone!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2005
Parking
- Off-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 2,250 Sq Ft Home
- Property has 1 Level
- Window Screens
- ENERGY STAR Qualified Appliances
Utilities
- Central Heating and Cooling System
- ENERGY STAR Qualified Water Heater
- Internet Available
Additional Features
- Energy-Efficient Lighting
- Property is in very good condition
- Outside City Limits
Community Details
- 2 Units
- Nomar Association
Listing and Financial Details
- Assessor Parcel Number 4120-ERATOST
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | -- | $0 | $0 | $0 |
| 2023 | -- | $0 | $0 | $0 |
| 2022 | -- | $0 | $0 | $0 |
| 2021 | -- | $0 | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 |
| 2019 | $0 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | -- | $0 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Price Changed | $319,000 | -5.9% | $142 / Sq Ft |
| 06/26/2025 06/26/25 | Price Changed | $339,000 | -5.6% | $151 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $359,000 | -- | $160 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $79,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $138,000 | Future Advance Clause Open End Mortgage | |
| Closed | $150,500 | Small Business Administration | |
| Closed | $55,500 | Small Business Administration | |
| Closed | $126,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $175,000 | No Value Available |
Source: Gulf South Real Estate Information Network
MLS Number: 2507718
APN: 1-02-2-090-06
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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