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Renovated Elevated Fourplex
For Sale
$475,000

421 S Lopez St, New Orleans, LA 70119

Fully tenant-occupied fourplex featuring post-Katrina renovations and an oversized garage with sliding front door.

Property Size3,875 SF
Price / SF$122.58
Days on Market181

Property Features for 421 S Lopez St

General Information

Standard status Active
Size 3,875 SF
Property subtype Residential Income

Additional Details

Multifamily Units 4

Building Details

Tenancy Multi
Listing Agency: REVE, REALTORS
Listed By: Gabriella Francescon
Source: Exprealty
Added: Mar 13 Changed: Sep 8 Last Checked: Aug 30 at 3:59PM

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 REVE, REALTORS

Investment Insights

Based on property information with market context.

This fully tenant-occupied fourplex was renovated after Hurricane Katrina and elevated above grade. The property has been redesigned with efficient, well-laid-out floor plans that have a consistent track record of renting quickly. An oversized garage provides owner use and additional storage, with a sliding front garage door.

The building is located on a desirable Mid-City block. Total monthly rental income is $4,300, and showings are by appointment with the listing agent since all units are currently occupied.

The four units are configured within an elevated four-plex structure and supported by the attached oversized garage for storage and owner use.

Key Highlights

  • Fully tenant‑occupied 4‑plex with total monthly rental income of $4,300
  • Post‑Katrina renovations; elevated above grade with efficient, well‑laid‑out floor plans
  • 4 bedrooms and 5 total bathrooms across the property (4 full, 1 partial)

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Home Appliance Store Butcher Daycare Center Garden Center

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,348
Businesses Nearby

Demographics for 70119, LA

38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Quadplex - Fully tenant-occupied fourplex featuring post-Katrina renovations and an oversized garage with sliding front door.
Where is this quadplex located?
The property is located at 421 S Lopez St New Orleans, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fully tenant‑occupied 4‑plex with total monthly rental income of $4,300; Post‑Katrina renovations; elevated above grade with efficient, well‑laid‑out floor plans; 4 bedrooms and 5 total bathrooms across the property (4 full, 1 partial)
More about this property
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