$385,000
$385,000
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2828 LOUISIANA AVE New Orleans, LA 70115
8 Beds
8 Baths
4,328 SqFt
Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,328 sqft
Price per Sqft $88
MLS Listing ID 2507465
Sold Date 09/19/25
Style Cottage
Bedrooms 8
Full Baths 8
Construction Status Average Condition
HOA Y/N No
Year Built 1970
Lot Size 7,200 Sqft
Acres 0.1653
Property Sub-Type Quadruplex
Property Description
New Low Price! Priced Below Market – Don't Miss This Opportunity!
Excellent opportunity to own a 4-unit multifamily property, each unit offering 2 bedrooms and 2 bathrooms. Three of the four units are currently rented, generating consistent income. The fourth unit is vacant and offers flexibility for owner occupancy, long-term rental, or short-term rental (Airbnb potential).
With projected gross rental income of at least $7,268/month, this property delivers instant cash flow. 2025 HANO payments are now $1,817 per unit. Two units can increase rent at lease anniversary in August 2025, One unit can increase rent at lease anniversary in October 2025, vacant unit can rent for $1,817 now.
While the house needs updating, repairs, and some overall TLC it's priced to sell and great for both first-time investors and experienced buyers looking to add value.
Spacious units, great layout, and located in a strong rental market—don't miss this opportunity to build equity and generate income from day one!
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Room
Exterior
Exterior Feature Fence
Parking Features Driveway, Off Street
Pool None
Water Access Desc Public
Roof Type Shingle
Building
Lot Description City Lot, Rectangular Lot
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories One
Construction Status Average Condition
Others
Tax ID 614336301
Special Listing Condition None
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Bought with FQR Realtors
