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Fourplex Residential Income Property

3417 FRANKLIN Avenue New Orleans, LA 70122

3417 FRANKLIN Avenue, New Orleans, LA, 70122
$275,000
For Sale
$275,000

MULTI_FAMILY - New Orleans, LA

Property Size3,440 SF
Lot Size0.08 Acres
Price / SF$79.94
Days on Market16

Property Features for 3417 FRANKLIN Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Porch
Standard status
Active
APN
38W303705
Size
3,440 SF
Lot size
0.08 Acres

Taxes and HOA fees

Tax Description
EDGEWOOD PARK SQ 6 PT LOTS 7 8 FRANKLIN 30X120 TRIPLEX 18/RM A/R SEE E RECORD

Utilities

Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public

Building Details

Year built
1953
Floors in Building
2
Number of units
4
Architectural style
Other
Listing agency Keller Williams Realty New Orleans
Listed by David Ernst · License #995683148
Added: Jul 7 Checked: Jul 22 at 7:06PM
MLS# 2565635

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 fourplex offers four residential units within a raised basement wood-frame structure on a standard 30x120 lot. The unit mix includes three 3-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. Operational utilities include gas heat, window A/C, and city water and sewer service. The property is sold as-is, with no warranty or representation.

The building is located on Franklin Avenue in the Dillard neighborhood of New Orleans, Louisiana 70122. Two units are currently tenant-occupied, which may support continuity of income for an owner seeking an occupancy-and-management posture. All measurements are approximate and not guaranteed.

For tenants, the configuration provides multiple bedroom options across the four units, which can support household variety within a single property. For investors or an owner-occupant, the presence of separate utility accounts is a practical consideration, including two Entergy accounts listed at approximately $500 per month combined, two gas accounts at approximately $150 per month combined, and one water meter listed at approximately $270 per month. The raised-b­asement construction and existing heating and cooling systems are already in place, and the property offers a straightforward fourplex format for buyers evaluating residential income use.

Key Highlights

  • Income‑producing fourplex in the Dillard neighborhood with 4 total units
  • Unit mix: three 3‑bed/1‑bath units and one 2‑bed/1‑bath unit
  • Raised basement wood frame construction on a standard 30x120 lot

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Electrical Service Cafe & Coffee Shop Auto Parts Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tech Support Center

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

FAQs

What type of property is this?
Quadplex - Four-unit income property with three-bedroom and one-bedroom layouts, utility accounts, and raised basement construction.
Where is this quadplex located?
The property is located at 3417 FRANKLIN Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Income‑producing fourplex in the Dillard neighborhood with 4 total units; Unit mix: three 3‑bed/1‑bath units and one 2‑bed/1‑bath unit; Raised basement wood frame construction on a standard 30x120 lot
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