$435,000

423 S Murat St New Orleans, LA 70119

Mid-City Neighborhood

Estimated payment $2,809/month

Total Views 4,041
8 Beds
4 Baths
3,264 Sq Ft
$133 Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • 5-minute walk to Canal And Murat
  • 4-minute walk to St Patrick Playground
  • Rectangular Lot

About This Home

Ability to add value with cosmetic renovations while also taking over a strong rent roll. 423 S. Murat Street is fully occupied 4-unit multifamily property located one block off Banks Street in Mid City neighborhood of New Orleans. The building contains four (4) total units - which are all 2 bedroom 1 bathroom and 816 square foot each. The total building size is 3,264 square feet and has 2 stories.

The property is located in a rapidly growing area of New Orleans and is in high demand from tenants and owners alike.
This presents a great opportunity for a purchaser to owner occupy one unit and use the remaining rental income to offset expenses or purchase as a pure investment vehicle.

Listing Agent

Mason McCullough

Bridgewater Realty Advisors, LLC License #995714063 Listed on: 09/24/2025

Co-Listing Agent

BRYCE DANNA-MARULLO

Bridgewater Realty Advisors, LLC License #995705186

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,334

Year Built

  • Built in 1970

Lot Details

  • Rectangular Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,264 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • Parking Lot
  • Off-Street Parking

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 105308325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,334

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 5422
  • Co List Office Mls Id: BRALLC01
  • Co List Office Phone: (504) 901-0463
  • Architectural Style: Other
  • Entry Level: 2
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1970
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 3264.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Brick Veneer, Frame
  • Foundation Details: Slab
  • Property Condition: Average Condition
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street, Parking Lot

Utilities

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

Lot Info

  • Parcel #: 105308325

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 $6,334 $46,510 $9,760 $36,750
2024 $6,232 $46,510 $9,760 $36,750
2023 $5,102 $36,280 $8,130 $28,150
2022 $5,102 $34,870 $8,130 $26,740
2021 $5,418 $36,280 $8,130 $28,150
2020 $5,469 $36,280 $8,130 $28,150
2019 $5,521 $35,220 $4,880 $30,340
2018 $5,647 $35,220 $4,880 $30,340
2017 $3,602 $22,990 $2,710 $20,280
2016 $3,689 $22,990 $2,710 $20,280
2015 $3,618 $22,990 $2,710 $20,280
2014 -- $22,990 $2,710 $20,280
2013 -- $16,600 $3,800 $12,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2025 09/24/25 For Sale $435,000 -- $133 / Sq Ft
Source: ROAM MLS

Purchase History

Date Type Sale Price Title Company
Gift Deed -- --
Warranty Deed $166,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $620,250 New Conventional
Closed $0 No Value Available
Source: Public Records

Source: ROAM MLS

MLS Number: 2523228

APN: 1-05-3-083-25

Louisiana Orleans Parish New Orleans 70119 Mid-City

423 S Murat St, New Orleans, LA

For Sale

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Listing Agent
Mason McCullough
Section Image
Bridgewater Realty Advisors, LLC
(504) 602-9240