Greek Revival
For Sale
$889,000
1411 TERPSICHORE Street, New Orleans, LA 70130
Multifamily, New Orleans, LA
Property Size4,990 SF
Lot Size0.11 Acres
Price / SF$178.16
Days on Market24
Property Features for 1411 TERPSICHORE Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
7
Full bathrooms
6
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 4, Bathroom 7, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 6, Bedroom 7, Bathroom 8, Bedroom 2, Bedroom 1, Bathroom 5
Patio and Porch features
Porch
Directions
https://www.google.com/maps/place/1411+Terpsichore+St,+New+Orleans,+LA+70130/@29.9374214,-90.0763461,16z/data=!3m1!4b1!4m6!3m5!1s0x8620a6786946dfa5:0x3363117317a3caa!8m2!3d29.9374214!4d-90.0737712!16s%2Fg%2F11x6rfpslm?entry=ttu&g_ep=EgoyMDI1MTAxNC4wIKXMDS
Standard status
Active
APN
101105512
Size
4,990 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Description
1. SQ 193 LOT 9 TERPSICHORE ST 2. 36X128 3. 1411 TERPISCHORE ST
Legal Description
1. SQ 193 LOT 9 TERPSICHORE ST 2. 36X128 3. 1411 TERPISCHORE ST
Utilities
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Central Air, Window Unit(s), Wall Unit(s), Ductless
Water source
Public
Amenities
private entrance
outdoor space
in-unit laundry
rear courtyard
Building Details
Year built
1850
Number of units
4
Building materials
Wood Siding
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Lara G Schultz · License #000075293
(504) 338-2587
Added: Oct 2
Changed: Oct 23
Last Checked: Oct 25 at 12:06PM
MLS# 2578980
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1850, this four-unit property contains seven bedrooms across four townhome-style residences. Each home has a separate entrance, outdoor space, and in-unit laundry. Historic interior details include heart-pine floors, exposed beams, cypress millwork, transom windows, and ceiling medallions. Two residences have updated kitchens with quartz counters, contemporary cabinetry, and stainless steel appliances. A rear courtyard and separate electric meters serve the property, which totals 4,990 square feet on a 36 x 128-foot lot. The property is in Flood Zone X and is fully leased, with a 9.7 gross rent multiple.
The building sits at the edge of Coliseum Square, one block from the St. Charles Avenue streetcar. Magazine Street dining and shopping are within walking distance, while Tulane and Loyola are a short ride uptown.
The building sits at the edge of Coliseum Square, one block from the St. Charles Avenue streetcar. Magazine Street dining and shopping are within walking distance, while Tulane and Loyola are a short ride uptown.
Key Highlights
- Four townhome‑style residences with a total of 7 bedrooms
- 4,990 square feet on a 36 x 128‑foot lot
- 1850 construction with heart‑pine floors, exposed beams, cypress millwork, transom windows, and ceiling medallions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,186
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,720
$1.3M
Cap Rate 7%
$902,657
$902.7K
Cap Rate 9%
$702,067
$702.1K
Market Conditions
NOI Build-Up for 4,990 SF
Gross rent
$98.8K $19.80/SF
− Vacancy
−$8.5K −$1.71/SF
EGI
$90.3K $18.09/SF
− OpEx
−$27.1K −$5.43/SF
NOI
$63.2K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,720
Cap Rate 7%
$902,657
Cap Rate 9%
$702,067
Alternative Uses
Best Use
Multifamily LT 5
$902.7K
$789.8K – $1.05M
NOI $63,186 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$829.7K
$726.0K – $968.0K
NOI $58,078 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,780 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four townhome-style residences offer private entrances, outdoor areas, and in-unit laundry.
Where is this quadplex located?
The property is located at 1411 TERPSICHORE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Four townhome‑style residences with a total of 7 bedrooms; 4,990 square feet on a 36 x 128‑foot lot; 1850 construction with heart‑pine floors, exposed beams, cypress millwork, transom windows, and ceiling medallions
