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New Orleans Multifamily Investment Opportunity

514 SORAPARU Street, New Orleans, LA 70130

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For Sale

$475,000

MULTI_FAMILY - New Orleans, LA

Property size:

2,806 SF

Lot size:

0.09 Acres

Price / SF:

$169/SF

HighLights

Multi‑family property ideal for investors
Located in the desirable Irish Channel neighborhood, near restaurants, shopping, and attractions
Spacious layout with 6 bedrooms and 4 bathrooms
Large property with approximately 2,806 living square feet
Features a porch and off‑street parking
Backyard extends beyond the chain‑link gate, providing additional outdoor space

We can help!

Listing Contact

Katrell Ambrose

For Sale

$475,000

MULTI_FAMILY - New Orleans, LA

Property size:

2,806 SF

Lot size:

0.09 Acres

Price / SF:

$169/SF

Added:: Apr 9, 2026
Days on Market:: 65
Last Refresh:: Jun 12 at 6:06 am

Property Features for 514 SORAPARU Street

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: 411103126
Size: 2,806 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Description: SQ 46 LOT 94 SORAPARU 30X130 OVER 128 4/PLEX 514-16 SORPARU ST FILE #13395 INCL. 516 SORAPARU, APT A

Utilities

Heating system: Natural Gas
Water source: Public

Building Details

Year built: 1920
Floors in Building: 2
Number of units: 1
Roof type: Shingle

We can help!

Listing Contact

Katrell Ambrose

Listing agent Katrell Ambrose License #370530

Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA

Listing date Apr 9, 2026

MLS# 2551665 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

Multi‑family property ideal for investors
Located in the desirable Irish Channel neighborhood, near restaurants, shopping, and attractions
Spacious layout with 6 bedrooms and 4 bathrooms
Large property with approximately 2,806 living square feet
Features a porch and off‑street parking
Backyard extends beyond the chain‑link gate, providing additional outdoor space

Overview

This multifamily property, originally built in 1920, is located in the Irish Channel neighborhood of New Orleans, bounded by Tchoupitoulas St, Jackson Avenue, Magazine Street, Louisiana Avenue, and St. Charles Avenue. The property features 6 bedrooms and 4 bathrooms within approximately 2,806 square feet of living space. Situated on a 0.0888-acre lot, the property includes a backyard that extends beyond the chain-link gate. The property is located within walking distance of local restaurants, shopping, and neighborhood attractions. This property offers potential for rental income, renovation, or portfolio expansion. The property is to be sold as-is.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.3k	$23.28
− Vacancy	−$5.9k	−$2.12
EGI	$59.4k	$21.16
− OpEx	−$26.7k	−$9.52
NOI	$32.7k	$11.64

2,806 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$466.6K

$408.2K – $544.3K (±1% cap)

NOI $32,659 @ 7.0% cap · market cap 6.88%

Second Best

—

no second resolved use

Theoretical Best

Office A

$713.2K

$624.0K – $832.1K (±1% cap)

NOI $49,923 @ 7.0% cap · market cap 10.51%

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

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.074919
Latitude: 29.923603

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For sale
Multifamily properties
LA
New Orleans
70130
514 SORAPARU Street

What type of property is this?

Multifamily property - Spacious 6-bedroom multifamily property in the Irish Channel neighborhood.

Where is this multifamily property located?

The property is located at 514 SORAPARU Street New Orleans, LA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Multi‑family property ideal for investors; Located in the desirable Irish Channel neighborhood, near restaurants, shopping, and attractions; Spacious layout with **6 bedrooms and 4 bathrooms**

514 SORAPARU Street, New Orleans, LA 70130

MULTI_FAMILY - New Orleans, LA

Property Features for 514 SORAPARU Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

Owner-Occupy Duplex with Sunroom

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