Spacious Multifamily Property on Large Lot

1612-14 South Carrollton Avenue, New Orleans, LA 70118

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For Sale

$899,000

Renovation opportunity: spacious units, large lot, flexible configuration.

Type:MULTI FAMILY FOR SALE / Townhouse

Property size:

5,015 SF

Lot size:

0.24 Acres

Price / SF:

$179/SF

HighLights

Rare and expansive 60 x 175 ft lot.
Flexible unit configuration: convert to single family home or configure as 3 or 4 bedrooms per unit.
Dual‑income rental strategy potential.
Spacious and modern units.
Exceptional location.
Possible Bond for Deed or 1031 exchange candidate.

We can help!

Listing Contact

Kari Ayala

Learn more

For Sale

$899,000

Renovation opportunity: spacious units, large lot, flexible configuration.

Type:MULTI FAMILY FOR SALE / Townhouse

Property size:

5,015 SF

Lot size:

0.24 Acres

Price / SF:

$179/SF

Added:: Jan 3, 2026
Days on Market:: 157
Last Refresh:: Mar 13 at 3:59 pm

Property Features for 1612-14 South Carrollton Avenue

General Information

Standard status: Active
Size: 5,015 SF
Lot size: 0.24 Acres
Property subtype: MULTI FAMILY FOR SALE / Townhouse

Building Details

Year Built: 1920

We can help!

Listing Contact

Kari Ayala

Listing agent Kari Ayala License #099563466

Listing office New Orleans Property Services, LLC

Listing date Jan 3, 2026

Source Compass

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of New Orleans Property Services, LLC

HighLights

Rare and expansive 60 x 175 ft lot.
Flexible unit configuration: convert to single family home or configure as 3 or 4 bedrooms per unit.
Dual‑income rental strategy potential.
Spacious and modern units.
Exceptional location.
Possible Bond for Deed or 1031 exchange candidate.

Overview

This multifamily property presents a renovation opportunity on a large 60 x 175 ft lot. The property offers spacious, modern units that can be configured as either 3 or 4 bedrooms. This flexibility makes it suitable for owner-occupancy or dual-income rental strategies. Conversion to a single-family home is also a possibility. The property requires a new roof, wood repair on the exterior, a paint job, plumbing and electrical upgrades, and some foundation repairs typical of 100-year-old homes in New Orleans. The property size is 5015 square feet. It is located in an exceptional location. Bond for Deed or 1031 exchange options may be available.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$116.7k	$23.28
− Vacancy	−$10.6k	−$2.12
EGI	$106.1k	$21.16
− OpEx	−$47.8k	−$9.52
NOI	$58.4k	$11.64

5,015 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$833.8K

$729.6K – $972.8K (±1% cap)

NOI $58,369 @ 7.0% cap · market cap 6.49%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.27M

$1.12M – $1.49M (±1% cap)

NOI $89,225 @ 7.0% cap · market cap 9.92%

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

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.1265519
Latitude: 29.9506309

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For sale
Multifamily properties
LA
New Orleans
70118
1612-14 South Carrollton Avenue

What type of property is this?

Multifamily property - Renovation opportunity: spacious units, large lot, flexible configuration.

Where is this multifamily property located?

The property is located at 1612-14 South Carrollton Avenue New Orleans, LA.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Rare and expansive 60 x 175 ft lot.; Flexible unit configuration: convert to single family home or configure as 3 or 4 bedrooms per unit.; Dual‑income rental strategy potential.