Renovated Quadplex with Private
2321 CHARTRES Street New Orleans, LA 70117
2321 CHARTRES Street, New Orleans, LA, 70117
$650,000
For Sale
$650,000
MULTI_FAMILY - New Orleans, LA
Property Size2,348 SF
Lot Size0.09 Acres
Price / SF$276.83
Days on Market105
Property Features for 2321 CHARTRES Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Courtyard, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 701172321CHARTRESSTR1
- Size
- 2,348 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- Sq 151 Lot R 1
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1923
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Realty New Orleans
(504) 862-0100
8601 Leake Ave., New Orleans, LA
Listed by
Kimberly Schexnayder
(504) 862-0100
Added: Apr 7 Checked: Jul 20 at 10:06 am
MLS# 2551726
Listing URL
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.
Renovated quadplex originally built in 1923, offering 4 bedrooms and 4 bathrooms across 2,348 square feet of living space on a 4,080 square foot lot. Each unit features hardwood-style flooring and crown molding, with an updated kitchen including gray shaker-style cabinetry, granite countertops, and a full appliance package. Living and dining areas receive ample natural light from multiple windows, and each bedroom includes a ceiling fan. Units also include private bathrooms with granite vanity tops and tub/shower combinations.
The property is located in the Faubourg Marigny Triangle and is noted as being just 3 blocks from the French Quarter.
Current occupancy is reported as 3 units occupied and 1 unit vacant, providing immediate rental income while also offering a move-in ready unit for an owner-occupant or tenant placement.
The property is located in the Faubourg Marigny Triangle and is noted as being just 3 blocks from the French Quarter.
Current occupancy is reported as 3 units occupied and 1 unit vacant, providing immediate rental income while also offering a move-in ready unit for an owner-occupant or tenant placement.
Key Highlights
- Income‑producing property with 3 of 4 units occupied, generating immediate rental income.
- Prime location in the historic Faubourg Marigny Triangle, just 3 blocks from the French Quarter.
- Qualifies for DSCR loan, making it an attractive investment opportunity.
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 | $46.5k | $19.80 |
| − Vacancy | −$4.0k | −$1.71 |
| EGI | $42.5k | $18.09 |
| − OpEx | −$12.7k | −$5.43 |
| NOI | $29.7k | $12.66 |
2,348 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.7K
$371.7K – $495.5K
NOI $29,732 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$390.4K
$341.6K – $455.5K
NOI $27,328 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$596.8K
$522.2K – $696.3K
NOI $41,775 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Renovated 1923 quadplex with updated kitchens and private baths; 3 units occupied and 1 unit vacant.
Where is this quadplex located?
The property is located at 2321 CHARTRES Street New Orleans, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Income‑producing property with 3 of 4 units occupied, generating immediate rental income.; Prime location in the historic Faubourg Marigny Triangle, just 3 blocks from the French Quarter.; Qualifies for DSCR loan, making it an attractive investment opportunity.
