331 S Norman C Francis Parkway New Orleans, LA $ 539,000
331 S Norman C Francis Parkway
$ 539,000
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331 S Norman C Francis Parkway

New Orleans, LA, 70119
$ 539,000
Bedrooms4 Baths4.0 Sq 3,031

Monthly Estimate*

$ 3,403

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Multi-Family Home for sale in New Orleans, LA

for $539,000 with 4 bedrooms and 4 full baths. This 3,031 square foot home was built in 1951.

Beautiful Spanish Revival fourplex in the heart of Mid-City, offering timeless character and exceptional investment potential. This well-maintained property features four units, including one 2-bedroom apartment, two 1-bedroom apartments, and one studio, providing a versatile unit mix with a strong rental history. The property underwent a major post-Katrina renovation, with additional significant capital improvements completed between 2018 and 2020, including a new roof, HVAC systems, water heaters, foundation work, and other major upgrades—offering added peace of mind for the next owner. A rear lot provides valuable off-street parking for up to five vehicles, a rare convenience in this desirable neighborhood. Ideally located just blocks from the Canal Street streetcar line, residents enjoy easy access to downtown, the French Quarter, City Park, and all that New Orleans has to offer. Whether you're seeking a proven income-producing investment or the opportunity to live in one unit while generating rental income from the others, this Mid-City gem is an outstanding opportunity.

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Multi-Family Active

Price

$ 539,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Spanish

Year Built

1951

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2567949

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Flat
Architectural Style Spanish
Construction Materials Stucco Vinyl Siding
Year Built 1951
Tenant Pays Electricity
Stories Count 2
Levels Two
Property Subtype Quadruplex
County Orleans
Property Type Residential Income
Full Baths 4
Status Active
City New Orleans
Number Of Units Total 4
Year Built Details Major renovation post Katrina with more upgrades 2018-2020.
Property Condition Excellent
Standard Status Active
Property Sub Type Additional Quadruplex
Legal Description 1. SQ 686 HF PT LOTS 3 4 2. 22 6X120 HF PT LOTS 3 4 22 6X120 3. 329-331 S NORMAN C FRANCIS PKW
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Exterior
Parking Features Off Street Parking Lot
Lot Features City Lot Rectangular Lot
Water Source Public
Lot Size Area 0
Foundation Details Raised
Lot Dimensions 45x120
Lot Size Acres 0
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Half Baths 0
Total Bedrooms 4
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* Excluded Features
List By
James Henderson Properties

Broker

james@jameshendersonproperties.com

Email

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$3,403
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Monthly Principal & Interest
$3,403
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Default based on a 30-year fixed rate of 6.49% 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
7/16/2026$539,000 Listed Price

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331 S Norman C Francis Parkway, New Orleans, LA, 70119 is a Multi-Family Home for sale at $539,000 with 3,031 sqft. 331 S Norman C Francis Parkway has 4 bedrooms, 4.0 baths, and was built in 1951. The property's zip code is 70119 which is in New Orleans, LA