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About This Home
This 0-bedroom, 0-bathroom multi-family at 116 S NORMAN C FRANCIS Parkway in New Orleans, LA is listed for $449,000 ($102 per sqft). the home offers 4,390 sqft of living space on a N/A lot.
Exceptional mixed-use opportunity in the heart of New Orleans! This expansive 4300 sq. ft. property features two fully renovated units (2017), offering the perfect combination of modern living and strong income potential. The owner's unit showcases a beautifully updated 4-bedroom, 2.5-bath layout with high end finishes and thoughtful design throughout. The second unit spans approximately 1600 sq. ft. and offers 3 bedrooms and 2 bathrooms, providing consistent income-producing capability.
Historically generating $4200/month ($50,400 annually), this property delivers an estimated ~7.9% cap rate at the current list price, making it an exceptional opportunity for both investors and owner-occupants. Zoned for both residential and commercial use, the flexibilty allows for a wide range of possibilities, including live/work, long term rental, or business use. Rare chance to own a high performing, fully renovated asset in one of New Orleans' most desirable areas.
Key Features
- 2 stories
Property Details
Monthly Cost Estimate
$2,401/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
116 S NORMAN C FRANCIS Parkway
New Orleans, LA 70119
Features & Amenities
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 116 S NORMAN C FRANCIS Parkway is listed at $449,000 ($102/sqft). The estimated monthly payment is $1,946 based on 20% down at 6.5% interest.
Key features include: 2 stories. Exterior Features: Fence.
This property is listed by Monica Iacono and can be reached at 5042286399 or monicahiacono@gmail.com.
