421 S LOPEZ ST
Multi-Family $ 475,000

421 S LOPEZ ST

New Orleans, LA 70119

  • 4 Beds
  • 4.5 Baths
    Full Baths: 4 Half Baths: 1
  • 3,875 SqFt
  • 5,309 Lot Size
  • 2006 Year Built
Income-producing 4-plex in the heart of Mid-City, just off Banks Street! This property is surrounded by some of the neighborhood's favorite bars, coffee shops, restaurants, and conveniences, including Finn McCool's, Holy Ground, Trader Joe's, The Station Coffee Shop & Bakery, Bayou St. John, the Crescent City Farmers Market, and the Lafitte Greenway making it easy to bike or commute into Downtown.

Four separate units with three already occupied offer immediate rental income and flexibility for the next owner. Move into the vacant unit and let your tenants offset your expenses, or lease all four for a fully income-producing investment. New roof in 2025!

A secure, interior common entrance and lobby provides an added layer of privacy and security for residents. Outside, the property offers a huge yard plus something especially hard to find in Mid-City: a large garage! The garage offers substantial storage and workspace and could potentially provide an additional rental income stream separate from the residential units.

With existing tenants, a desirable central location, generous outdoor space, and multiple opportunities to increase income, this is a solid Mid-City investment with plenty of room to grow.
Listed by REVE, REALTORS

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 3, 875 sqft

    Price per Sqft $122

    MLS Listing ID 2565781

    Style Traditional

    Bedrooms 4

    Full Baths 4

    Half Baths 1

    Construction Status Very Good Condition

    HOA Y/N No

    Year Built 2006

    Lot Size 5,309 Sqft

    Acres 0.1219

    Property Sub-Type Quadruplex

  • Location

    State LA

    County Orleans

  • Building

    Lot Description City Lot, Oversized Lot

    Entry Level Two

    Foundation Raised

    Sewer Public Sewer

    Water Public

    Architectural Style Traditional

    Level or Stories Two

    Construction Status Very Good Condition

  • Interior

    Heating Central

    Cooling Central Air

    Fireplace No

    Laundry In Unit

  • Exterior

    Exterior Feature Fence

    Parking Features Off Street

    Pool None

    Water Access Desc Public

    Roof Type Shingle

  • Others

    Tax ID 105205611

    Special Listing Condition None

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