Parkview Fourplex Near Bayou St.
846 ROOSEVELT Place New Orleans, LA 70119
846 ROOSEVELT Place, New Orleans, LA, 70119
$599,000
For Sale
$599,000
MULTI_FAMILY - New Orleans, LA
Property Size3,306 SF
Price / SF$181.19
Days on Market133
Property Features for 846 ROOSEVELT Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Porch
- Standard status
- Active
- APN
- 207206004
- Size
- 3,306 SF
Taxes and HOA fees
- Tax Description
- SQ 468 D PT LOT 12 LOT 10 OR 10 A ROOSEVELT PL 35 X 109
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Craftsman
Listing Agency
Crane Realtors
(504) 210-2014
138 N Cortez Street, New Orleans, LA
Listed by
Aaron Dare · License #995681183
(504) 899-8666
Added: Mar 6 Checked: Jul 17 at 10:06 pm
MLS# 2544051
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.
Investment Insights
Based on property information with market context.
This well-maintained craftsman-style fourplex is located in the Parkview neighborhood, a short walk from both Bayou St. John and City Park. The property features preserved architectural details, including original wood floors, wood windows, historic mantels, attractive millwork, coved ceilings, and exposed brick. A new roof was installed in 2022. The lower units are shotgun-style, each with one independent room at the back and a pass-through bedroom, large kitchens, and access to the fenced backyard. The upper units have independent bedrooms and share a large balcony. The property has a history of providing rental income and presents an opportunity for owner occupancy with rental income.
Key Highlights
- Excellent investment property with great rental history or owner‑occupy opportunity with rental income.
- Prime location: short walk to Bayou St. John & City Park in Parkview.
- Well‑maintained craftsman 4‑plex with preserved architectural details: original wood floors, wood windows, historic mantels, attractive millwork, coved ceilings & exposed brick.
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 | $65.5k | $19.80 |
| − Vacancy | −$5.7k | −$1.71 |
| EGI | $59.8k | $18.09 |
| − OpEx | −$17.9k | −$5.43 |
| NOI | $41.9k | $12.66 |
3,306 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$598.0K
$523.3K – $697.7K
NOI $41,862 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$549.7K
$481.0K – $641.3K
NOI $38,478 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$865.1K
$756.9K – $1.01M
NOI $60,555 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with architectural details near Bayou St. John.
Where is this quadplex located?
The property is located at 846 ROOSEVELT Place New Orleans, LA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Excellent investment property with great rental history or owner‑occupy opportunity with rental income.; Prime location: short walk to Bayou St. John & City Park in Parkview.; Well‑maintained craftsman 4‑plex with preserved architectural details: original wood floors, wood windows, historic mantels, attractive millwork, coved ceilings & exposed brick.
