New Orleans Investment
For Sale
$189,000
1925 FERN Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
Property Size1,126 SF
Lot Size0.08 Acres
Price / SF$167.85
Days on Market147
Property Features for 1925 FERN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Regular
Subdivision
East Carrollton
Standard status
Active
APN
716301815
Size
1,126 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
SQ 253 LOT 16 FERN 30 X 120 1925-27 FERN
Legal Description
SQ 253 LOT 16 FERN 30 X 120 1925-27 FERN
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Andre Cardinale
(337) 522-7554
Added: Mar 6
Changed: May 14
Last Checked: Jul 31 at 3:06AM
MLS# 2546316
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 multifamily property presents an investment or renovation opportunity in the Carrollton neighborhood of New Orleans. The property has a size of 1126 square feet and is situated on a lot of 0.0826 acres. This property may be eligible for tax credits. This is the perfect opportunity to renovate this home to its original glory and start collecting rental income.
Key Highlights
- Unbeatable location in Carrollton neighborhood
- Great investment/renovation opportunity
- Opportunity to renovate to original glory
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 | $22.3k | $19.80 |
| − Vacancy | −$1.9k | −$1.71 |
| EGI | $20.4k | $18.09 |
| − OpEx | −$6.1k | −$5.43 |
| NOI | $14.3k | $12.66 |
1,126 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.7K
$178.2K – $237.6K
NOI $14,258 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$187.2K
$163.8K – $218.4K
NOI $13,105 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$286.2K
$250.4K – $333.9K
NOI $20,033 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Investment property in the Carrollton neighborhood, New Orleans.
Where is this duplex located?
The property is located at 1925 FERN Street New Orleans, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Unbeatable location in Carrollton neighborhood; Great investment/renovation opportunity; Opportunity to renovate to original glory
