1411 TERPSICHORE Street, New Orleans, Louisiana, 70130
$889,000
5,068 Sqft
7 bd
8 ba
#2578980
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 FEATURES
- Utilities : Natural Gas Not Available
- Water Source : Public
- Sewer : Public Sewer
- Patio And Porch Features : Porch
- Cooling on Property:
- Cooling: Central Air, Window Unit(s), Wall Unit(s), Ductless
- Heating on Property:
- Heating : Central, Other, Ductless
- Construction Materials: Wood Siding
- Laundry Features : Electric Dryer Hookup, In Unit
PROPERTY DETAILS
ID: 2578980
Status: Active
Price: $889,000
Type: Multi-family
Address: 1411 TERPSICHORE Street
City, State: New Orleans, Louisiana
County: Orleans
Zip Code: 70130
Lat/Long: 29.937463, -90.073732
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