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    New Orleans Investment Opportunity Title is generated by Realmo AI

    1925 FERN Street, New Orleans, LA 70118

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    For Sale
    $189,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    1,126 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $167/SF
    Added:
    Mar 6, 2026
    Days on Market:
    96
    Last Refresh:
    Jun 10 at 4:06 am

    Property Features for 1925 FERN Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    716301815
    Size
    1,126 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Description
    SQ 253 LOT 16 FERN 30 X 120 1925-27 FERN

    Utilities

    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

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    Listing Contact
    Andre Cardinale

    Listing agent Andre Cardinale

    Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA

    Listing date Mar 6, 2026

    MLS# 2546316 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unbeatable location in Carrollton neighborhood
    • Great investment/renovation opportunity
    • Opportunity to renovate to original glory
    • Potential for rental income
    • Property may be eligible for tax credits
    • Year Built: 1973

    Overview

    This multifamily property presents an investment or renovation opportunity in the Carrollton neighborhood of New Orleans. The property has a size of 1126 square feet and is situated on a lot of 0.0826 acres. This property may be eligible for tax credits. This is the perfect opportunity to renovate this home to its original glory and start collecting rental income.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $22.3k $19.80
    − Vacancy −$1.9k −$1.71
    EGI $20.4k $18.09
    − OpEx −$6.1k −$5.43
    NOI $14.3k $12.66
    1,126 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $203.7K
    $178.2K – $237.6K (±1% cap)
    NOI $14,258 @ 7.0% cap · market cap 7.54%
    Second Best
    Apartment 5plus
    $187.2K
    $163.8K – $218.4K (±1% cap)
    NOI $13,105 @ 7.0% cap · market cap 6.93%
    Theoretical Best
    Office A
    $286.2K
    $250.4K – $333.9K (±1% cap)
    NOI $20,033 @ 7.0% cap · market cap 10.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.122123
    Latitude
    29.951213

    FAQs

    What type of property is this?
    Duplex - Investment property in the Carrollton neighborhood, New Orleans.
    Where is this duplex located?
    The property is located at 1925 FERN Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Unbeatable location in Carrollton neighborhood; Great investment/renovation opportunity; Opportunity to renovate to original glory
    More about this property
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