116 S Norman C Francis Parkway New Orleans, LA $ 449,000
116 S Norman C Francis Parkway
$ 449,000
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116 S Norman C Francis Parkway

New Orleans, LA, 70119
$ 449,000
Bedrooms7 Baths4.1 Sq 4,390

Monthly Estimate*

$ 2,765

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Multi-Family Home for sale in New Orleans, LA

for $449,000 with 7 bedrooms and 4 full baths, 1 half bath. This 4,390 square foot home was built in 1970.

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.

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Multi-Family Active

Price

$ 449,000

Bedrooms

7

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Year Built

1970

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2549904

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Shingle
Architectural Style Traditional
Construction Materials Brick
Year Built 1970
Tenant Pays Electricity Gas Water
Stories Count 2
Levels Two
Property Subtype Duplex
County Orleans
Property Type Residential Income
Full Baths 4
Status Active
City New Orleans
Number Of Units Total 2
Home Warranty Y/N 0
Property Condition Excellent
Standard Status Active
Tax Lot 24
Property Sub Type Additional Duplex
Legal Description 1. sq 683 LOT 24 S Norman C Francis PK 31' 10 x123
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Exterior
Exterior Amenities Fence
Parking Features None Off Street
Lot Features City Lot Rectangular Lot
Water Source Public
Lot Size Area 0
Foundation Details Slab
Lot Dimensions 2315
Lot Size Acres 0
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Half Baths 1
Laundry Features Laundry Room
Total Bedrooms 7
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* Excluded Features
List By
Realty One Group Immobilia

Broker

monicahiacono@gmail.com

Email

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$2,765
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Monthly Principal & Interest
$2,765
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
476401 Elementary School
475975 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/2/2026$449,000 Listed Price

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116 S Norman C Francis Parkway, New Orleans, LA, 70119 is a Multi-Family Home for sale at $449,000 with 4,390 sqft. 116 S Norman C Francis Parkway has 7 bedrooms, 4.1 baths, and was built in 1970. The property's zip code is 70119 which is in New Orleans, LA