Fourplex Residential Income
For Sale
$275,000
3417 FRANKLIN Avenue, New Orleans, LA 70122
MULTI_FAMILY - New Orleans, LA
Property Size3,440 SF
Lot Size0.08 Acres
Price / SF$79.94
Days on Market47
Property Features for 3417 FRANKLIN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Porch
Subdivision
Edgewood Park
Lot features
Regular
Standard status
Active
APN
38W303705
Size
3,440 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
EDGEWOOD PARK SQ 6 PT LOTS 7 8 FRANKLIN 30X120 TRIPLEX 18/RM A/R SEE E RECORD
Legal Description
EDGEWOOD PARK SQ 6 PT LOTS 7 8 FRANKLIN 30X120 TRIPLEX 18/RM A/R SEE E RECORD
Utilities
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1953
Floors in Building
2
Number of units
4
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
David Ernst · License #995683148
(504) 862-0100
Added: Jul 7
Last Checked: Aug 22 at 2:06PM
MLS# 2565635
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 fourplex offers four residential units within a raised basement wood-frame structure on a standard 30x120 lot. The unit mix includes three 3-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment. Operational utilities include gas heat, window A/C, and city water and sewer service. The property is sold as-is, with no warranty or representation.
The building is located on Franklin Avenue in the Dillard neighborhood of New Orleans, Louisiana 70122. Two units are currently tenant-occupied, which may support continuity of income for an owner seeking an occupancy-and-management posture. All measurements are approximate and not guaranteed.
For tenants, the configuration provides multiple bedroom options across the four units, which can support household variety within a single property. For investors or an owner-occupant, the presence of separate utility accounts is a practical consideration, including two Entergy accounts listed at approximately $500 per month combined, two gas accounts at approximately $150 per month combined, and one water meter listed at approximately $270 per month. The raised-basement construction and existing heating and cooling systems are already in place, and the property offers a straightforward fourplex format for buyers evaluating residential income use.
The building is located on Franklin Avenue in the Dillard neighborhood of New Orleans, Louisiana 70122. Two units are currently tenant-occupied, which may support continuity of income for an owner seeking an occupancy-and-management posture. All measurements are approximate and not guaranteed.
For tenants, the configuration provides multiple bedroom options across the four units, which can support household variety within a single property. For investors or an owner-occupant, the presence of separate utility accounts is a practical consideration, including two Entergy accounts listed at approximately $500 per month combined, two gas accounts at approximately $150 per month combined, and one water meter listed at approximately $270 per month. The raised-basement construction and existing heating and cooling systems are already in place, and the property offers a straightforward fourplex format for buyers evaluating residential income use.
Key Highlights
- Income‑producing fourplex in the Dillard neighborhood with 4 total units
- Unit mix: three 3‑bed/1‑bath units and one 2‑bed/1‑bath unit
- Raised basement wood frame construction on a standard 30x120 lot
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with three-bedroom and one-bedroom layouts, utility accounts, and raised basement construction.
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: Income‑producing fourplex in the Dillard neighborhood with 4 total units; Unit mix: three 3‑bed/1‑bath units and one 2‑bed/1‑bath unit; Raised basement wood frame construction on a standard 30x120 lot
