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    1616 Eagle St New Orleans, LA 70118

    New
    For Sale
    $359,000

    Cottage, 4 Plex - New Orleans, LA

    Property size:
    1,925 SF
    Days on Market:
    6
    Last Refresh:
    Dec 13 at 7:06 am

    Property Features for 1616 Eagle St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry
    Parking features
    Driveway
    Patio and Porch features
    Porch
    EntryLevel
    1
    Exterior features
    Courtyard, Fence, Porch
    Fencing
    Fenced
    Size
    1,925 SF

    Utilities

    Heating system
    Ductless (Heating), Other (Heating)
    Cooling system
    Ductless, Wall Unit(s)

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    4
    Building materials
    Frame, Vinyl Siding, Wood Siding
    Roof type
    Shingle
    Architectural style
    Cottage

    HODC LLC dba Keller Williams Realty New Orleans (504) 862-0100 [email protected]

    Listing agent Chris Smith (504) 862-0100

    Listing date Dec 8, 2025

    MLS# 2531730 Listing URL

    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Uptown New Orleans Investment Property

    This fully leased four-unit property is located in Uptown New Orleans. The property consists of two buildings situated on an oversized 45' by 120' lot that includes off-street parking. The front building contains two one-bedroom, one-bath units, each leased at $1,400 per month. The rear building also contains two one-bedroom, one-bath units, each leased at $1,299 per month. The combined monthly income is $5,398. Tenants benefit from included water and electricity. The total average utility costs for electricity, water, sewerage, and trash are $900. The property is located four blocks from Oak Street, near restaurants, coffee shops, fitness studios, art galleries, and live music venues. The property is in Flood Zone X and has never flooded. The property size is 1,925 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1323848
    Latitude
    29.9552598

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    FAQs

    What type of property is this?
    Quadplex - Fully leased four-unit property in a sought-after neighborhood.
    Where is this quadplex located?
    The property is located at 1616 Eagle St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Fully leased 4-unit property generating $5,398 monthly income. Tenants pay on time.; - High cap rate investment opportunity outperforming other multi-family properties in its price range.; - Located in a highly desirable Uptown location, 4 blocks from Oak Street, near restaurants, shops, and entertainment.
    (504) 862-0100
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    New Orleans, LA 70118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1616 Eagle St New Orleans, LA 70118
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