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Corner-Lot Triplex with Parking
For Sale
$239,000

4001 Elba St, New Orleans, LA 70125

Three apartments offer separate electric metering, in-unit laundry, storage, and a garage on a corner parcel.

Property Size3,864 SF
Price / SF$61.85
Days on Market42

Property Features for 4001 Elba St

General Information

Standard status Active
Size 3,864 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence partially gutted

Additional Details

Utilities to Site Yes
Multifamily Units 3

Building Details

Year Built 1950
Buildings 1
Listing Agency: Homesmart Realty South
Listed By: Robyn Schmitt · License #995687935
Source: Dominionplace
Added: Jul 21 Changed: Aug 28 Last Checked: Aug 30 at 8:41PM

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 Homesmart Realty South

Investment Insights

Based on property information with market context.

This 1950 triplex contains 3,864 square feet across three apartments. The property includes a front porch with arched detailing, wrought iron, and original basket-weave tile, along with a driveway, garage, storage area, and side and rear yards. Each apartment has a stove, refrigerator, and indoor washer and dryer. The appliances are sold as-is and are not warranted by the seller.

Apartment A has all-electric central AC and heat. Apartments B and C use window units, gas wall heaters, gas stoves, and gas water heaters. The building has 3 independent electric meters, 1 water meter, and 1 gas meter, with gas billed to Apartment B. Apartments B and C share 1 hot-water heater. Apartment C is leased through March 1st; Apartments A and B are vacant and partially gutted. The property is offered as-is, with a historic tax credit pre-approval letter available for a renovation option.

Key Highlights

  • 3,864‑square‑foot triplex built in 1950
  • Corner lot with driveway, garage, storage, and side and rear yards
  • Three apartments with stoves, refrigerators, indoor washers and dryers

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Spa & Massage Center Nail Salon HVAC Service Skin Care Clinic Computer & Electronic Repair (Bike/Boat/Book/etc) Store

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

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,067
Businesses Nearby

Demographics for 70125, LA

17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
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?
Triplex - Three apartments offer separate electric metering, in-unit laundry, storage, and a garage on a corner parcel.
Where is this triplex located?
The property is located at 4001 Elba St New Orleans, LA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 3,864‑square‑foot triplex built in 1950; Corner lot with driveway, garage, storage, and side and rear yards; Three apartments with stoves, refrigerators, indoor washers and dryers
More about this property
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