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Raised-Basement Fourplex
For Sale
$275,000

3417 FRANKLIN Avenue, New Orleans, LA 70122

Multi-Family, Raised Basement, New Orleans, LA

Property Size3,440 SF
Lot Size0.08 Acres
Price / SF$79.94
Days on Market66

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
Subdivision Edgewood Park
Lot features Regular
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
Legal 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 Changed: Aug 25 Last Checked: Sep 10 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 contains 3 three-bedroom, one-bath units and 1 two-bedroom, one-bath unit within a raised-basement wood-frame building with Hardy exterior siding. The property provides 3,440 square feet on a 0.0826-acre lot measuring 30 by 120 feet. Two units are currently tenant-occupied, and the property is offered as-is.

Building systems include natural-gas heat, window-unit air conditioning, city water, and public sewer. Additional physical features include a porch and off-street parking. Constructed in 1953, the property is located in New Orleans, Louisiana, in ZIP Code 70122.

Key Highlights

  • Four units: 3 three‑bedroom, one‑bath units and 1 two‑bedroom, one‑bath unit
  • 3,440‑square‑foot raised‑basement wood‑frame building
  • 0.0826‑acre lot measuring 30 by 120 feet

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Electrical Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

454
Businesses Nearby

Demographics for 70122, LA

34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential income property with a varied bedroom mix, public utilities, and off-street parking.
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: Four units: 3 three‑bedroom, one‑bath units and 1 two‑bedroom, one‑bath unit; 3,440‑square‑foot raised‑basement wood‑frame building; 0.0826‑acre lot measuring 30 by 120 feet
More about this property
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