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$ 399,000
Est. payment /mo
Price Dropped by $31K
1724 FERN ST New Orleans, LA 70118
6 Beds
4 Baths
3,280 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,280 sqft
Price per Sqft $121
MLS Listing ID 2516382
Bedrooms 6
Full Baths 4
Construction Status Average Condition
HOA Y/N No
Year Built 1925
Lot Size 3,210 Sqft
Acres 0.0737
Property Sub-Type Quadruplex
Property Description
Rare opportunity—4-plexes seldomly come to the market in the Carrollton area. Located in an X flood zone, this property offers reduced flood insurance costs and peace of mind in a highly sought-after neighborhood.
The upstairs features two turnkey, renovated, and rented 2-bed, 1-bath units with wood floors, high ceilings, decorative fireplace mantles (non-functional), and window units providing both AC and heat. There is no central AC throughout the property. All are shotgun style homes.
The roof and all water heaters were replaced in 2023. The property has separate electrical meters for each unit, a single water meter, and a full electrical upgrade completed in 2002. Each unit has its own washer/dryer space with storage, plus access to a shared backyard.
All four units are currently rented, providing consistent income. The two downstairs 1-bed, 1-bath units are well below market rent and present a clear value-add opportunity—good for an investor looking to increase returns over time. This property could also be a great option for an owner-occupant: live in one unit and let the other three help cover the mortgage.
Just steps from Carrollton Avenue, the St. Charles streetcar line, shops, restaurants, and both Tulane and Loyola Universities, this property blends steady cash flow, classic New Orleans architecture, and strong upside potential—a rare find in one of the city's most desirable neighborhoods.
The upstairs features two turnkey, renovated, and rented 2-bed, 1-bath units with wood floors, high ceilings, decorative fireplace mantles (non-functional), and window units providing both AC and heat. There is no central AC throughout the property. All are shotgun style homes.
The roof and all water heaters were replaced in 2023. The property has separate electrical meters for each unit, a single water meter, and a full electrical upgrade completed in 2002. Each unit has its own washer/dryer space with storage, plus access to a shared backyard.
All four units are currently rented, providing consistent income. The two downstairs 1-bed, 1-bath units are well below market rent and present a clear value-add opportunity—good for an investor looking to increase returns over time. This property could also be a great option for an owner-occupant: live in one unit and let the other three help cover the mortgage.
Just steps from Carrollton Avenue, the St. Charles streetcar line, shops, restaurants, and both Tulane and Loyola Universities, this property blends steady cash flow, classic New Orleans architecture, and strong upside potential—a rare find in one of the city's most desirable neighborhoods.
Location
State LA
County Orleans
Interior
Heating Window Unit
Cooling Window Unit(s)
Fireplace No
Exterior
Exterior Feature Balcony, Fence, Porch
Parking Features None
Water Access Desc Public
Roof Type Shingle
Porch Balcony, Porch
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Average Condition
Others
Tax ID 716207607
Special Listing Condition None
Listed by Property Quest Realty
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