Fourplex Near Jazz Fest,
2846 GRAND RTE SAINT JOHN Street, New Orleans, LA 70119
- Added:
- Mar 27, 2026
- Days on Market:
- 68
- Last Refresh:
- Jun 2 at 3:06 am
Property Features for 2846 GRAND RTE SAINT JOHN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 37W300604
- Size
- 4,069 SF
Taxes and HOA fees
- Tax Description
- SQ 1528 LOT C PT 17 GRAND RT E ST JOHN 30X125 ALO LOT C P T-18 PER ASSESSMENT ROLLS RAISE DBLE/FR 5/REA SIDE A/ R& BASE/APT 5/RMS EA A/R
Utilities
- Heating system
- Ductless (Heating), Other (Heating), Central
- Cooling system
- Ductless, Central Air, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1917
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Aaron Dare License #995681183 (504) 899-8666
Listing office Crane Realtors 138 N Cortez Street, New Orleans, LA (504) 210-2014
Listing date Mar 27, 2026
MLS# 2549101
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
- Prime location near Jazz Fest, Fairgrounds, Bayou St. John, and City Park, walkable to restaurants and shops.
- Fourplex offers income potential as a solid investment or owner‑occupant opportunity.
- Features four distinct units, including two upstairs shotgun‑style units and two downstairs units, one a large unit and the other a studio.
- Oversized backyard with green space and a storage shed.
- Two off‑street parking spots for added convenience.
- New A/C unit in one of the upper units for improved comfort and efficiency.
Overview
Located along Grand Route St. John, this fourplex is near Jazz Fest and the Fairgrounds in Faubourg St John, with a short walk or bike ride to Bayou St. John and City Park. The property is also walkable to restaurants, coffee shops, and neighborhood favorites along Esplanade Ave. This raised basement style property features 9-foot ceilings upstairs and 7.5-foot ceilings downstairs. The property is filled with natural light and includes two upstairs shotgun-style units, 2846 Unit A and 2846 1/2, each with a covered front porch and access to a shared rear deck. Downstairs, the layout includes two distinct units at 2846, including a larger unit with a large open living space, as well as 2846 Unit B, a studio with an open living and kitchen layout. The oversized "L" shaped creates a large backyard with green space and a storage shed, while two off-street parking spots add convenience. A new A/C unit for upper right unit (2486 Unit A) adds to the property's comfort and efficiency. The property size is 4069 square feet. This property is a solid investment or ideal as an owner-occupant opportunity for those looking to occupy an income property.
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 | $80.6k | $19.80 |
| − Vacancy | −$7.0k | −$1.71 |
| EGI | $73.6k | $18.09 |
| − OpEx | −$22.1k | −$5.43 |
| NOI | $51.5k | $12.66 |
4,069 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$736.1K
$644.1K – $858.7K
NOI $51,524 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$676.5K
$592.0K – $789.3K
NOI $47,358 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.06M
$931.6K – $1.24M
NOI $74,531 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.07912
- Latitude
- 29.979429
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property near Jazz Fest and Fairgrounds in New Orleans.
Where is this quadplex located?
The property is located at 2846 GRAND RTE SAINT JOHN Street New Orleans, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime location near Jazz Fest, Fairgrounds, Bayou St. John, and City Park, walkable to restaurants and shops.; Fourplex offers income potential as a solid investment or owner‑occupant opportunity.; Features four distinct units, including two upstairs shotgun‑style units and two downstairs units, one a large unit and the other a studio.
