6029 Freret St, New Orleans, LA 70118

Well-maintained, income-producing fourplex in the heart of Uptown New Orleans, located between State Street and Palmer Avenue, just two blocks from Tulane University and Loyola University and minutes from the vibrant Freret Street commercial corridor, Ochsner Baptist, restaurants, shopping, and public transportation. Situated on a generous 61' × 89' lot, this property features four one-bedroom, one-bathroom apartments, each with a living room and kitchen. Three units currently rent for $950 per month, with the fourth renting for $877 per month generating annual gross income of $44,724. Each unit is separately metered for electricity, with tenants paying their own utilities except water, which is paid by the owner. Additional features include central HVAC and a dedicated water heater for each apartment, original hardwood floors, shared coin-operated laundry, and private porches for two units. The property has remained in the same family since 1977 and reflects nearly five decades of consistent ownership and stewardship. It has a proven history of stable occupancy, with long-term tenants on one-year leases. Historically, residents have included graduate students, university faculty and staff, medical professionals, and other young professionals drawn to the neighborhood's exceptional location and walkability. The property did not flood during Hurricane Katrina providing added confidence for future ownership. Comparable one-bedroom apartments in the surrounding area are leasing at higher rental rates, offering the potential for increased rental income over time through normal tenant turnover and thoughtful unit upgrades. Whether expanding an investment portfolio or acquiring a well-located multifamily asset with strong long-term fundamentals, 6029 Freret Street offers an exceptional combination of location, stability, and value-add potential. Additional Information: Listing photographs include exterior views of the property and surrounding area, as well as interior photographs of the common area and two representative apartments—one on the first floor and one on the second floor. Floor plans include the overall property layout, both first-floor apartments, and the common area. The second-floor apartments have substantially similar floor plans. Investment opportunities combining nearly five decades of continuous ownership, stable occupancy, separate utility metering, and a premier Uptown location are increasingly scarce.