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Historic 4-Unit Multifamily Property
New
For Sale
$330,000

514 Soraparu St, New Orleans, LA 70130

Vacant building requires extensive interior and exterior rehabilitation and is offered in its current condition.

Property Size2,903 SF
Price / SF$113.68
Days on Market4

Property Features for 514 Soraparu St

General Information

Standard status Active
Size 2,903 SF
Property subtype Multi-Family

Building Details

Year Built 1920
Listing Agency: Homesmart Realty South
Listed By: Katrell Ambrose · License #370530
Source: Dominionplace
Added: Oct 7 Last Checked: Oct 7 at 2:38PM

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 2,903-square-foot fourplex, built in 1920, is vacant and needs extensive interior and exterior rehabilitation. The property is being sold as-is, with no seller repairs. Its contributing-rated status within the Irish Channel Local and National Register Historic Districts may make it eligible for federal and Louisiana historic rehabilitation tax incentives, subject to applicable requirements and agency approval.

At 514 Soraparu St in New Orleans, the lot extends beyond the existing chain-link fence, offering additional depth beyond what the fenced area suggests.

Key Highlights

  • Fourplex with 2,903 square feet
  • Built in 1920; vacant and requires extensive interior and exterior rehabilitation
  • Contributing‑rated structure in the Irish Channel Local and National Register Historic Districts

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Auto Parts Store Spa & Massage Center Acupuncture Daycare Center Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

1,393
Businesses Nearby

Demographics for 70130, LA

14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Vacant building requires extensive interior and exterior rehabilitation and is offered in its current condition.
Where is this quadplex located?
The property is located at 514 Soraparu St New Orleans, LA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Fourplex with 2,903 square feet; Built in 1920; vacant and requires extensive interior and exterior rehabilitation; Contributing‑rated structure in the Irish Channel Local and National Register Historic Districts
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