2828 LOUISIANA AVE Pending Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70115
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,328 sqft
Price per Sqft $89
MLS Listing ID 2507465
Style Cottage
Bedrooms 8
Full Baths 8
Year Built 1970
Lot Size 7,200 Sqft
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
Laundry Laundry Room
Exterior
Exterior Feature Fence
Parking Features Driveway,Off Street
Pool None
Roof Type Shingle
Building
Lot Description City Lot,Rectangular Lot
Foundation Raised
Sewer Public Sewer
Water Public
Others
Special Listing Condition None