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    Greek Revival Residential Compound with Pool Title is generated by Realmo AI

    920 LOUISIANA Avenue, New Orleans, LA 70115

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    Claim this Listing
    New
    For Sale
    $2,850,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    4,843 SF
    Price / SF:
    $588/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 920 LOUISIANA Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Exterior features
    Balcony, Courtyard, Fence, Porch
    Fencing
    Fenced
    Standard status
    Active
    APN
    614120209
    Size
    4,843 SF

    Taxes and HOA fees

    Tax Description
    SQ 161 LOT 12 A LOUISIANA

    Utilities

    Heating system
    Other (Heating), Ductless (Heating), Central
    Cooling system
    Wall Unit(s), Central Air, Ductless
    Water source
    Public

    Building Details

    Year built
    1861
    Floors in Building
    2
    Number of units
    4

    We can help!

    Listing Contact
    Adrienne LaBauve
    Adrienne LaBauve

    Listing agent Adrienne LaBauve

    Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA

    Listing date Jun 5, 2026

    MLS# 2561426 Listing URL

    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.

    HighLights

    • Greek Revival property built in 1861 with historic interior features including original heart pine floors, crown molding, and sculptural mantels
    • Main residence plus two fully renovated carriage house units and a detached pool house for four separate living spaces
    • Total of 6 bedrooms, 6 full bathrooms, and 1 half bath across the main residence, carriage houses, and pool house
    • More than 11,000 SF lot with fully fenced grounds, courtyard parking for 6 to 8 vehicles, and multiple covered entertaining areas
    • Private outdoor resort setup with swimming pool, courtyard, and mature oak trees estimated to be nearly 300 years old
    • Primary suite includes access to a private balcony; additional balconies and French doors support indoor‑outdoor living

    Overview

    This Greek Revival compound, built in 1861, is arranged as a private residential estate with four distinct living spaces: a two-story main residence, two fully renovated carriage house units, and a detached pool house. The main home features preserved historic details including original heart pine floors, ornate plaster elements, sculptural mantels, crown molding, and a dramatic plaster archway. The layout includes six bedrooms, six full bathrooms, and one half bath across the separate structures, with multiple indoor and outdoor gathering areas.

    Set behind wrought iron fencing and mature landscaping, the property offers a secure, resort-style setting. Large windows bring in natural light while looking out over the grounds. The front porch welcomes visitors, and a private courtyard provides covered, off-street vehicle accommodations for approximately six to eight vehicles. The pool is shaded by two estimated 300-year-old oak trees, with surrounding lounging areas designed for outdoor entertaining.

    The carriage houses and detached pool house add flexible options for guests, multi-generational living, or rental use, while maintaining historic character alongside modern updates (approximately 80% renovated). Primary living spaces include balconies with views of the neighborhood and French doors opening to the backyard retreat. Overall, the property’s combination of historic architecture, secured privacy, and multiple fully livable units is well-suited to buyers seeking a distinctive New Orleans compound with an established residential configuration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.088661
    Latitude
    29.921441

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    FAQs

    What type of property is this?
    Quadplex - Historic 1861 compound with multiple renovated living units, secure fenced grounds, and a private pool courtyard.
    Where is this quadplex located?
    The property is located at 920 LOUISIANA Avenue New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: Greek Revival property built in 1861 with historic interior features including original heart pine floors, crown molding, and sculptural mantels; Main residence plus two fully renovated carriage house units and a detached pool house for four separate living spaces; Total of 6 bedrooms, 6 full bathrooms, and 1 half bath across the main residence, carriage houses, and pool house
    (337) 522-7554
    We can help!
    Listing Contact
    Adrienne LaBauve
    Adrienne LaBauve
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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