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Four-Unit Residential Property
For Sale
$275,000

3417 Franklin Avenue, New Orleans, LA 70122

Raised-basement construction with a mix of three- and two-bedroom apartments plus municipal water and sewer.

Property Size3,440 SF
Days on Market48

Property Features for 3417 Franklin Avenue

General Information

Standard status Active
Size 3,440 SF
Property subtype Multi Family Home

Units

Unit Mix 3 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units 4

Additional Details

Utilities to Site Yes

Building Details

Building Size 3,440 SF
Year Built 1953
Stories 2
Construction wood frame
Listing Agency: Keller Williams Realty New Orleans
Listed By: David Ernst · License #995683148
Source: Nolalivingrealty
Added: Jul 7 Changed: Aug 22 Last Checked: Aug 22 at 6:21AM

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 Keller Williams Realty New Orleans

Investment Insights

Based on property information with market context.

Located at 3417 Franklin Avenue in New Orleans, this four-unit residential property was built in 1953 on a standard 30-by-120-foot lot. The raised-basement, wood-frame structure features Hardy exterior siding and includes three apartments with three bedrooms and one bathroom each, along with one two-bedroom, one-bathroom apartment.

Building systems include gas heat, window air-conditioning, city water, and city sewer. Two of the four apartments are currently occupied by tenants. The property is offered as-is, without warranty or representation.

Key Highlights

  • Four total units: three 3‑bedroom, 1‑bath apartments and one 2‑bedroom, 1‑bath apartment
  • Raised‑basement wood‑frame construction with Hardy exterior siding
  • Standard 30x120 lot

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Electrical Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

454
Businesses Nearby

Demographics for 70122, LA

34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Raised-basement construction with a mix of three- and two-bedroom apartments plus municipal water and sewer.
Where is this quadplex located?
The property is located at 3417 Franklin Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four total units: three 3‑bedroom, 1‑bath apartments and one 2‑bedroom, 1‑bath apartment; Raised‑basement wood‑frame construction with Hardy exterior siding; Standard 30x120 lot
More about this property
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