$950,000
$974,999
2.6%For more information regarding the value of a property, please contact us for a free consultation.
1415-17 TERPSICHORE ST New Orleans, LA 70130
11 Beds
6 Baths
5,076 SqFt
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,076 sqft
Price per Sqft $187
MLS Listing ID 2539354
Sold Date 07/07/26
Style Traditional
Bedrooms 11
Full Baths 4
Half Baths 4
Construction Status Excellent
HOA Y/N No
Year Built 1890
Property Sub-Type Quadruplex
Property Description
LOWER GARDEN DISTRICT GREEK REVIVAL — FULLY LEASED, HIGH-INCOME SHOWSTOPPER, 9.7% gross ROI.
Effortlessly elegant, this beautiful property delivers both charm and CASH FLOW. Featuring 11 bedrooms, 4 full baths, and 4 half baths, the residence is thoughtfully configured into four spacious, townhome-style units—each offering 1,229 sq ft of well-designed living space and generating a STRONG $7900/MO in income. Rich with timeless New Orleans character, including hardwood floors, original brick fireplaces & mantels.
Each unit lives like a private home, with a highly desirable layout: kitchen, living area, main-level bedroom, and half bath downstairs, plus two large, independent bedrooms, full bath, and in-unit laundry—NO WALK THRU BEDROOMS!
Investor-friendly features include:
CENTRAL HVAC,
FOUR SEPARATE WATER/GAS/ELECTRIC METERS — owner pays only taxes & insurance,
Post-Ida roof,
Updated kitchens with granite countertops, stainless steel appliances & dishwashers,
Full-size washer & dryer in every unit.
Location is everything: just 1.5 blocks to St. Charles Avenue (Mardi Gras parades!), 1 block to Magazine Street for premier dining, shopping, and nightlife, and only a 10-minute streetcar ride to the French Quarter. Surrounded by upscale neighbors like the Garden District Hotel & BlackBird Hotel.
Exceptional investment opportunity with immediate income and future upside—potential condo conversion for resale.
Marketing packet with floor plan, rental specifics, etc- please inquire.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry In Unit
Exterior
Exterior Feature Balcony, Courtyard, Fence, Porch
Parking Features None
Pool None
Water Access Desc Public
Roof Type Asphalt
Porch Balcony, Porch
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Construction Status Excellent
Others
Tax ID 1415-TERPSICHOREST
Financing Conventional
Special Listing Condition None
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Bought with Prime Real Estate Partners, LLC
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