1411 TERPSICHORE Street New Orleans, LA 70130
MULTI_FAMILY - New Orleans, LA
- Added:
- Apr 18, 2026
- Days on Market:
- 87
- Last Refresh:
- Jul 13 at 10:06 am
Property Features for 1411 TERPSICHORE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Courtyard, Porch
- Standard status
- Active
- APN
- 101105512
- Size
- 4,990 SF
Taxes and HOA fees
- Tax Description
- 1. SQ 193 LOT 9 TERPSICHORE ST 2. 36X128 3. 1411 TERPISCHORE ST
Utilities
- Heating system
- Ductless (Heating), Other (Heating), Central
- Cooling system
- Ductless, Wall Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1850
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
Listing agent Lara Schultz License #000075293 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Apr 18, 2026
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.
Located in New Orleans near Coliseum Square in the Lower Garden District, the building is noted as being one block from the St. Charles Avenue streetcar line. The listing also states the property is in Flood Zone X. Nearby points of reference mentioned include Magazine Street, Audubon Park, Tulane, and Loyola, each described as just minutes away.
For buyers seeking a residential income property in a historic architectural setting, this configuration provides four independent living spaces within a single asset and ongoing tenant functionality supported by separate metering. The presence of recent kitchen renovations in half the units may help reduce near-term interior work, while the separately metered setup can simplify utility management. The listing also states an immediate cash flow figure of $7,650 per month.
Key Highlights
- 4‑plex with historic Greek Revival architecture built in 1850
- 4 spacious units, each roughly 1,000–1,500 SF, with separate entrances and outdoor spaces
- One block from the St. Charles Avenue streetcar
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 | $98.8k | $19.80 |
| − Vacancy | −$8.5k | −$1.71 |
| EGI | $90.3k | $18.09 |
| − OpEx | −$27.1k | −$5.43 |
| NOI | $63.2k | $12.66 |
