About This Home
Fully occupied multifamily investment opportunity in the historic 7th Ward! This charming Creole cottage-style property is located in the heart of the city’s pulse, just minutes from the CBD, and offers immediate cash flow with strong income-producing potential. Current monthly rental income is over $4200! Roof replaced in 2021. The property features three fully leased units, including: one 1-bedroom/1-bath unit, a second 1-bedroom/1-bath unit, and a spacious 3-bedroom/2-bath cottage. Above-average rental income and strong tenant demand make this an excellent opportunity for investors or future owner-occupants seeking flexibility while maintaining rental income from the remaining units. Situated in a rapidly developing area with continued growth and demand. Buyer to verify zoning, rental regulations, and all measurements.
Home Highlights
Property Details
Beds & Baths
- Number of Bedrooms: 5
- Number of Bathrooms: 4
- Number of Bathrooms (full): 4
Dimensions and Layout
- Living Area: 2490 Square Feet
Appliances & Utilities
- Laundry: Washer Hookup
Heating & Cooling
- Heating: Window Unit
- ✓ Has Cooling
- Air Conditioning: Window Unit(s)
- ✓ Has Heating
- Heating Fuel: Window Unit
Windows, Doors, Floors & Walls
- Window: Screens
Levels, Entrance, & Accessibility
- Stories: 1
- Levels: One
Exterior Home Features
- Roof: Shingle
- Exterior: Fence
- Foundation: Raised
Parking & Garage
- ✓ No Attached Garage
- Parking: None
Pool
- Pool: None
Frontage
- ✓ Not on Waterfront
Water & Sewer
- Sewer: Public Sewer
Year Built
- Year Built: 1940
Property Type / Style
- Property Type: Residential Income
- Property Subtype: Triplex, Multi Family, Multi Family, Single Family Residence
- Architecture: Cottage
Building
- Construction Materials: Vinyl Siding
- ✓ Does Not Include Home Warranty
Property Information
- Condition: Average Condition
- Parcel Number: 37W112319
Price
- List Price: $265,000
- Price Per Sqft: $106
Direction & Address
- City: New Orleans
Listing Agent
- Listing ID: 2556400
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| May 7, 2026 | Listed For Sale | $265,000 | GSREIN #2556400 |