Renovated 4-Unit Income
1740 Louisa Street New Orleans, LA 70117
1740 Louisa Street, New Orleans, LA, 70117
$340,000
For Sale
$340,000
Four renovated units include multiple bedrooms and in-unit laundry, with three units currently tenant occupied.
Property Size2,500 SF
Price / SF$136
Days on Market284
Property Features for 1740 Louisa Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1980
Listing agency
Barker & CO Real Estate
(504) 884-6593
Listed by
Joel Barker · License #995705721
(504) 884-6593
Source
Compass
Added: Oct 13, 2025 Updated: Jul 22 at 2:34PM Checked: Jul 22 at 2:34PM
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 Barker & CO Real Estate
Investment Insights
Based on property information with market context.
This beautifully renovated 4-unit multi-family home offers a mix of layouts designed for comfortable day-to-day living. The downstairs unit features a spacious 3BD/2BA configuration with in-unit laundry and a private carport. Upstairs includes a front right studio, a front left 1BD/1BA unit with updated finishes, and a rear upstairs 1BD/1BA accessed through a large private backyard. Several units are currently tenant occupied, and all units have been recently updated.
The property is located in New Orleans and is described as being just minutes from Downtown, the French Quarter, St. Roch Market, City Park, restaurants, and transit options. Buyer to verify all details and measurements, as information is deemed reliable but not guaranteed.
The property is located in New Orleans and is described as being just minutes from Downtown, the French Quarter, St. Roch Market, City Park, restaurants, and transit options. Buyer to verify all details and measurements, as information is deemed reliable but not guaranteed.
Key Highlights
- Renovated 4‑unit multi‑family on Louisa Street with 5 bedrooms and 5 full bathrooms total
- Downstairs 3BD/2BA unit includes in‑unit laundry and private carport; tenant occupied at $1,350/month
- Front right upstairs studio tenant‑occupied at $1,028/month; front left 1BD/1BA is vacant
Local Financial Insights For Apartment 5plus
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 | $58.2k | $23.28 |
| − Vacancy | −$5.3k | −$2.12 |
| EGI | $52.9k | $21.16 |
| − OpEx | −$23.8k | −$9.52 |
| NOI | $29.1k | $11.64 |
2,500 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.2K
$395.7K – $527.6K
NOI $31,656 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$415.7K
$363.7K – $485.0K
NOI $29,097 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four renovated units include multiple bedrooms and in-unit laundry, with three units currently tenant occupied.
Where is this quadplex located?
The property is located at 1740 Louisa Street New Orleans, LA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Renovated 4‑unit multi‑family on Louisa Street with 5 bedrooms and 5 full bathrooms total; Downstairs 3BD/2BA unit includes in‑unit laundry and private carport; tenant occupied at $1,350/month; Front right upstairs studio tenant‑occupied at $1,028/month; front left 1BD/1BA is vacant
