About This Home
This 0-bedroom, 0-bathroom residential multi family at 331 S NORMAN C FRANCIS Parkway in New Orleans, LA is listed for $539,000 ($178 per sqft). Built in 1951, the home offers 3,031 sqft of living space on a N/A lot.
Key Features
- Built in 1951
- 2 stories
Property Details
Amenities
Beautiful Spanish Revival fourplex in the heart of Mid-City, offering timeless character and exceptional investment potential. This well-maintained property features four units, including one 2-bedroom apartment, two 1-bedroom apartments, and one studio, providing a versatile unit mix with a strong rental history.
The property underwent a major post-Katrina renovation, with additional significant capital improvements completed between 2018 and 2020, including a new roof, HVAC systems, water heaters, foundation work, and other major upgrades-offering added peace of mind for the next owner.
A rear lot provides valuable off-street parking for up to five vehicles, a rare convenience in this desirable neighborhood. Ideally located just blocks from the Canal Street streetcar line, residents enjoy easy access to downtown, the French Quarter, City Park, and all that New Orleans has to offer. Whether you're seeking a proven income-producing investment or the opportunity to live in one unit while generating rental income from the others, this Mid-City gem is an outstanding opportunity.
Monthly Cost Estimate
$2,883/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
331 S NORMAN C FRANCIS Parkway
New Orleans, LA 70119
Property Details
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 331 S NORMAN C FRANCIS Parkway is listed at $539,000 ($178/sqft). The estimated monthly payment is $2,882 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1951, 2 stories.
This property is listed by James Henderson and can be reached at (504) 812-2954.
