New Orleans Investment
1925 FERN Street New Orleans, LA 70118
For Sale
$189,000
MULTI_FAMILY - New Orleans, LA
Property Size1,126 SF
Lot Size0.08 Acres
Price / SF$167.85
Days on Market141
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
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Andre Cardinale
(337) 522-7554
Added: Mar 6
Changed: May 14
Last Checked: Jul 25 at 5:06AM
MLS# 2546316
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Unbeatable location in Carrollton neighborhood
- Great investment/renovation opportunity
- Opportunity to renovate to original glory
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
NOI $14,258 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$187.2K
$163.8K – $218.4K
NOI $13,105 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$286.2K
$250.4K – $333.9K
NOI $20,033 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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
