$450,000

423 S Murat St New Orleans, LA 70119

Mid-City Neighborhood

Estimated payment $3,019/month

Total Views 1,065
8 Beds
4 Baths
3,264 Sq Ft
$138 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

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: 06/23/2025

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
  • 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:

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 $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 Change Sq Ft Price
06/23/2025 06/23/25 For Sale $450,000 -- $138 / 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
Previous Owner $192,000 Future Advance Clause Open End Mortgage
Closed $0 No Value Available
Source: Public Records

Similar Homes in New Orleans, LA

  • 622 S Pierce St, New Orleans, LA 70119

    $469,000

    • 6 Beds
    • 6 Baths
    • 2,430 Sq Ft
    • 622 S Pierce St
    • New Orleans, LA

    Discover a prime investment opportunity in vibrant Mid-City New Orleans! This newly built duplex offers modern design and income-generating potential—live in one unit while renting the other to offset your mortgage. Each unit features 3 bedrooms and 3 full baths, stylish open-concept layouts, luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and in-unit washer/dryer

    Christian Galvin Christian Shane Properties

    Section Image
  • 736 S Genois St, New Orleans, LA 70119

    $469,000

    • 6 Beds
    • 6 Baths
    • 2,462 Sq Ft
    • 736 S Genois St
    • New Orleans, LA

    Discover a prime investment opportunity in vibrant Mid-City New Orleans! This newly built duplex offers modern design and income-generating potential—live in one unit while renting the other to offset your mortgage. Each unit features 3 bedrooms and 3 full baths, stylish open-concept layouts, luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and in-unit washer/dryer

    Christian Galvin Christian Shane Properties

    Section Image
  • 2732 34 Iberville St, New Orleans, LA 70119

    $469,000

    • 6 Beds
    • 6 Baths
    • 2,462 Sq Ft
    • 2732 34 Iberville St
    • New Orleans, LA

    **Investment Opportunity or Home with Income Potential in New Orleans' Mid-City** Discover a newly constructed duplex offering a fantastic investment opportunity or a great way to offset your mortgage while enjoying a prime location in Mid-City. Conveniently located with easy access to downtown New Orleans, City Park, the Fairgrounds, the Lafitte Greenway, and numerous dining options—plus just 5

    Christian Galvin Christian Shane Properties

    Section Image
  • 2210 12 Pine St, New Orleans, LA 70118

    $465,000

    • 6 Beds
    • 2 Baths
    • 2,347 Sq Ft
    • 2210 12 Pine St
    • New Orleans, LA

    Beautifully Renovated Arts & Crafts Duplex In Great Location Between Broadway & Carrollton Close To Tulane and Loyola Universities. Freshly Painted Exterior & Interior. The Downstairs Unit (2210) Is Vacant and features a Renovated Kitchen With Quartz Countertops, a Renovated Bath & Wood Floors. Upstairs (2212) Is Rented And Has A Brand New Kitchen and Central Air & Heat. A Completed Brand New

    John Rareshide RE/MAX N.O. Properties

    Section Image
  • 1908 Saint Louis St, New Orleans, LA 70112

    $439,000

    • 6 Beds
    • 6 Baths
    • 2,468 Sq Ft
    • 1908 Saint Louis St
    • New Orleans, LA

    $5,000 in CLOSING Costs PAID! New construction double equipped with three bedrooms and three high-end bathrooms in each unit! Each spacious unit has a downstairs entrance, unique, high-end light fixtures, and luxury vinyl plank throughout. The property also boasts deep soaking tubs in the primary bathrooms and large primary walk-in closets. The kitchens are open-concept, have quartz countertops,

    Christian Galvin Christian Shane Properties

    Section Image
  • 21 N Rampart St, New Orleans, LA 70112

    $459,000

    • 6 Beds
    • 4 Baths
    • 3,200 Sq Ft
    • 21 N Rampart St
    • New Orleans, LA

    Nestled in the vibrant heart of the Marigny, this historic double offers endless possibilities for its next owner. With 3 spacious bedrooms and 2 bathrooms on each side, one half of the property is move-in ready, while the other side has been gutted, offering a blank canvas for your personal vision. Whether you choose to maintain the property as a double for investment income, a vacation rental,

    Amanda Miller Amanda Miller Realty, LLC

    Section Image
  • 2304 06 New Orleans St, New Orleans, LA 70119

    $449,000

    • 6 Beds
    • 6 Baths
    • 2,588 Sq Ft
    • 2304 06 New Orleans St
    • New Orleans, LA

    New Construction (kitchen appliances included.) Income-producing Duplex features impeccable finishes, light-filled open floor plans, covered front porches/balconies. Kitchens spotlight quartz counters, SS appliances. Both units features Primary Suites w/deep soaking tubs, walk-in showers, spacious closets. Wood floors, spray foam insulation, video cameras, wired for surround sound. Central

    Christian Galvin Christian Shane Properties

    Section Image
  • 2121 Saint Andrew St, New Orleans, LA 70113

    $414,500

    • 6 Beds
    • 4 Baths
    • 2,430 Sq Ft
    • 2121 Saint Andrew St
    • New Orleans, LA

    Located in the heart of Central City just a 6 minute drive from the New Orleans Superdome, this duplex offers income producing potential!! Beautifully constructed with function and style in mind, each unit features 3 beds and 2 baths with its own personal touches making each unit unique.

    Christian Galvin Christian Shane Properties

    Section Image
  • 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
See All Homes in New Orleans

Source: ROAM MLS

MLS Number: 2508578

APN: 1-05-3-083-25

Louisiana Orleans Parish New Orleans 70119 Mid-City

423 S Murat St, New Orleans, LA

This home is located at 423 S Murat St, New Orleans, LA 70119 and is currently priced at $450,000, approximately $137 per square foot. This property was built in 1970. 423 S Murat St is a home located in Orleans Parish with nearby schools including Esperanza Charter Elementary School, Mary Bethune Elementary School, and Success Preparatory Academy.

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.

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