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    Raised-Basement Fourplex with Deck Title is generated by Realmo AI

    2846 GRAND ROUTE SAINT JOHN Street, New Orleans, LA 70119

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    Claim this Listing
    Pending
    $595,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    4,069 SF
    Added:
    Mar 27, 2026
    Days on Market:
    103
    Last Refresh:
    Jul 7 at 5:06 pm

    Property Features for 2846 GRAND ROUTE SAINT JOHN Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, Driveway
    Patio and Porch features
    Porch
    Exterior features
    Balcony, Fence, Porch
    Fencing
    Fenced
    Standard status
    Pending
    APN
    37W300604
    Size
    4,069 SF

    Taxes and HOA fees

    Tax Description
    SQ 1528 LOT C PT 17 GRAND RT E ST JOHN 30X125 ALO LOT C P T-18 PER ASSESSMENT ROLLS RAISE DBLE/FR 5/REA SIDE A/ R& BASE/APT 5/RMS EA A/R

    Utilities

    Heating system
    Central, Ductless (Heating), Other (Heating)
    Cooling system
    Wall Unit(s), Central Air, Ductless
    Water source
    Public

    Building Details

    Year built
    1917
    Floors in Building
    2
    Number of units
    4
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Aaron Dare

    Listing agent Aaron Dare License #995681183

    Listing office Crane Realtors 138 N Cortez Street, New Orleans, LA

    Listing date Mar 27, 2026

    MLS# 2549101 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.

    HighLights

    • Fourplex with two upstairs shotgun‑style units (2846 Unit A and 2846 1/2) plus two downstairs units at 2846
    • Ceiling heights include 9' upstairs and 7.5' downstairs for two‑level comfort
    • New roof installed this June
    • Covered front porches with shared rear deck and fenced, oversized “L” shaped backyard plus storage shed
    • Parking includes two off‑street spots and a driveway
    • Utilities include public water; HVAC includes central air plus wall/dedictedless systems, including new A/C unit for upper right unit (2846 Unit A)

    Overview

    This raised-basement fourplex is configured with two upstairs shotgun-style units and two distinct downstairs units. Upstairs, each unit includes a covered front porch and access to a shared rear deck, with 9' ceilings on the upper level. Downstairs offers 7.5' ceilings and two separate apartments, including a larger open living layout and a studio with an open living and kitchen configuration. The property also includes an oversized “L” shaped yard with a storage shed and two off-street parking spots, supporting everyday resident convenience. Recent improvements include a new roof installed this June, and a new A/C unit for the upper right unit.

    The property is located along Grand Route Saint John in Faubourg St John, just steps from Jazz Fest & the Fairgrounds. It is also within a short walk or bike to Bayou St. John and City Park, with nearby restaurants and coffee shops along Esplanade Ave.

    The layout supports flexible ownership and tenancy options for buyers seeking an income property while retaining the ability to owner-occupy. With natural light throughout and separate unit configurations on both levels, the building is well-suited for tenants who value functional indoor space paired with outdoor yard access and off-street parking.

    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 $80.6k $19.80
    − Vacancy −$7.0k −$1.71
    EGI $73.6k $18.09
    − OpEx −$22.1k −$5.43
    NOI $51.5k $12.66
    4,069 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $736.1K
    $644.1K – $858.7K (±1% cap)
    NOI $51,524 @ 7.0% cap · market cap 8.66%
    Second Best
    Apartment 5plus
    $676.5K
    $592.0K – $789.3K (±1% cap)
    NOI $47,358 @ 7.0% cap · market cap 7.96%
    Theoretical Best
    Office A
    $1.06M
    $931.6K – $1.24M (±1% cap)
    NOI $74,531 @ 7.0% cap · market cap 12.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture Furniture & Home Goods (Bike/Boat/Book/etc) Store Home Appliance Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.07912
    Latitude
    29.979429

    FAQs

    What type of property is this?
    Quadplex - Fourplex with two upstairs shotgun units and two downstairs units, featuring rear deck, parking, and updated roof.
    Where is this quadplex located?
    The property is located at 2846 GRAND ROUTE SAINT JOHN Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Fourplex with two upstairs shotgun‑style units (2846 Unit A and 2846 1/2) plus two downstairs units at 2846; Ceiling heights include 9' upstairs and 7.5' downstairs for two‑level comfort; New roof installed this June
    More about this property
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