Rare opportunity to own a renovated fourplex in the heart of New Orleans’ highly desirable Freret Corridor, just blocks from Ochsner Baptist and surrounded by some of the city’s strongest rental demand. Blending historic New Orleans character with modern updates, this property offers a compelling mix of stability, NOLA history, and long-term upside.
The property features four well-designed units totaling approximately 5,749 living square feet, with a current rental income of nearly $7,000/month and additional upside through lease optimization or owner occupancy. All units are tenant occupied, with two in month-to-month agreements, if the need is for owner occupancy.
Originally built in 1907 and thoughtfully renovated, the property retains the charm and structural character today’s renters love, while offering the peace of mind of substantial updates and improvements. Spacious layouts, high ceilings, attractive curb appeal, and the walkable Freret location continue to drive strong tenant interest in today’s market.
Investors seeking stabilized multifamily income in a high-demand area
Owner-occupants looking to offset living expenses
Mid-term or traveling medical professional rental strategies
Buyers wanting a low-vacancy location and can walk to hospitals, universities, dining, and entertainment
Fully renovated 4-plex
Strong in-place rental income
Opportunity for increased rents / value-add potential
Blocks from Ochsner Baptist
Desirable Freret neighborhood location
Historic charm with modern functionality
Independent tenant-paid appliances
X flood zone appeal may help with insurance considerations (buyer to verify)
Whether you are expanding your portfolio or looking for a strategic owner-occupied investment, this property checks the boxes for today’s New Orleans multifamily market.
Shown by appointment only for occupied units. Include Proof of funds or preapproval with offers.
Some photos have been vritually staged.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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