$889,000

Quadruplex In New Orleans

  • 7 Beds
  • 8 Baths
  • 4,990 Sqft
  • Updated: October 2
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2578980

About the Property

Fully leased at $7,650 a month ($91,800 a year, a 9.7 gross rent multiple), this circa-1850 Greek Revival 4-plex anchors the edge of Coliseum Square, one block from the St. Charles Avenue streetcar. Step inside & the pedigree shows: soaring ceilings, heart-pine floors, exposed beams, cypress millwork, original transom windows & elegant medallions overhead. Four townhome-style residences —
Fully leased at $7,650 a month ($91,800 a year, a 9.7 gross rent multiple), this circa-1850 Greek Revival 4-plex anchors the edge of Coliseum Square, one block from the St. Charles Avenue streetcar. Step inside & the pedigree shows: soaring ceilings, heart-pine floors, exposed beams, cypress millwork, original transom windows & elegant medallions overhead. Four townhome-style residences — two 1,500 sq ft 2BR/1.5BA, a 1,073 sq ft 1BR/2BA & a 995 sq ft 2BR/2BA — each with a private entrance, outdoor space & in-unit laundry, totaling 4,990 sq ft & seven bedrooms. Two already have new kitchens with quartz counters, contemporary cabinetry & ss appliances; the other two leave value-add upside on the table. Relax in the rear courtyard, a quiet retreat tucked behind the building & a draw for long-term tenants. Separate electric meters, a 36 x 128 lot & Flood Zone X, a real edge on insurance in this market. Owner-occupants, take note: live in one of the 1,500 sq ft homes & let the other three cover $5,250 of the monthly payment. Ask for the full lease schedule & a lender-quoted buydown scenario. Magazine Street dining & shopping are a short walk, with Tulane & Loyola a quick ride uptown. Proven cash flow with a Lower Garden District address — ready when you are.
…
  • Property type

    Other

  • Floors

    2

  • Year built

    1850

  • Price/sqft

    $178

Features

Explore the Area

1411 TERPSICHORE Street, New Orleans, Louisiana, United States View on Google Maps
Price per sqft
Low
High

View 647 more listings in New Orleans

REVE, REALTORS - New Orleans

Joined 8 months ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

REVE, REALTORS - New Orleans
Louisiana, United States
View agency profile
70
Listings
2026
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
REVE, REALTORS - New Orleans
New Orleans, Louisiana, United States
View agency profile
Last updated
October 2
First listed
October 2
Listing reference
2578980
Listing status
Call

Start phone call with:

Hello, I’m calling for the property with the reference 2578980, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with