3316 Seine Street New Orleans, LA 70114

Building Details

Year Built

1985

Listing agency NOLA Property Collective, LLC r***@gmail.com Show Phone

Listed by Meghan Mercadel · License #995700537 Show Phone

Source Compass

Added: Jan 5 Updated: Jul 21 at 6:28AM Checked: Jul 22 at 10:42AM

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Investment Insights

Based on property information with market context.

This offering includes four income-producing fourplexes sold together as a package deal. A new roof was installed in 2022, and more than 50% of the units have been renovated within the last two years. Current monthly rents total $15,619 with five vacancies; three of the vacant units are currently tenant-ready.

The properties are located at 3316 Seine Street in New Orleans, Louisiana. The seller references MLS listings 2518525, 2518530, and 2518533 as part of the combined portfolio.

The remarks indicate potential additional income based on Section 8 payment standards, with upside projected to approximately $25,800 per month. Flood insurance runs approximately $3,600 per building annually, reflecting ongoing operating costs to factor into underwriting.

Key Highlights

• Package sale of four income‑producing fourplexes offered together (MLS #2518525, 2518530, 2518533)
• New roof installed in 2022; 2‑story brick construction on traditional slab foundation
• Over 50% of units renovated in the last two years; 3 units are currently tenant ready

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FAQs

What type of property is this?

Quadplex - Package sale of four income-producing fourplexes, including recent roof replacement and renovations with several units currently tenant-ready.

Where is this quadplex located?

The property is located at 3316 Seine Street New Orleans, LA.

What is the asking price?

The asking price for this property is $362,500.

What are key features of this property?

This property features: Package sale of four income‑producing fourplexes offered together (MLS #2518525, 2518530, 2518533); New roof installed in 2022; 2‑story brick construction on traditional slab foundation; Over 50% of units renovated in the last two years; 3 units are currently tenant ready