4120 24 Erato Street New Orleans, LA $ 319,000
4120 24 Erato Street
$ 319,000
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4120 24 Erato Street

New Orleans, LA, 70125
$ 319,000
Bedrooms6 Baths4.0 Sq 2,250

Monthly Estimate*

$ 1,990

4120 24 Erato Street, New Orleans, LA 70125 - Image 1
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Multi-Family Home for sale in New Orleans, LA

for $319,000 with 6 bedrooms and 4 full baths. This 2,250 square foot home was built in 1970.

Turnkey Investment Opportunity in the Heart of New Orleans! Come see this newly remodeled double featuring two spacious 3-bedroom, 2-bath units with no carpet, fresh paint, and modern finishes throughout. This income-producing property is ideal for both investors and owner-occupants alike. Each unit is separately metered for water and electricity, offering maximum flexibility and efficiency for tenants and owners. With projected market rents of approximately $2,016 per unit, this property delivers a strong return and excellent cap rate potential. Additional upgrades include a new hot water heater, two brand-new A/C condensers, and off-street parking — all in a high-demand location just minutes from the CBD, French Quarter, major interstates, and the best of New Orleans living. Whether you're looking to live in one unit and lease the other, or add a strong performer to your rental portfolio, 4120-24 Erato Street is a rare find. Schedule your private showing today and secure this exceptional opportunity before it’s gone!

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Multi-Family Active

Price

$ 319,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1970

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2507718

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Shingle
Appliances ENERGY STAR Qualified Appliances
Architectural Style Other
Pool Features None
Construction Materials Brick
Year Built 1970
Tenant Pays Electricity Water
Stories Count 1
Levels One
Property Subtype Duplex
County Orleans
Property Type Residential Income
Energy Efficient Appliances Lighting Water Heater
Total Rooms 0
Full Baths 4
Status Active
City New Orleans
Association Name NOMAR
Number Of Units Total 2
Home Warranty Y/N 0
Property Condition Very Good Condition
Standard Status Active
Tax Lot F&G
Property Sub Type Additional Duplex
Legal Description 1. SQ 501 LOT G ERATO 29' X 112' 10 2. ASSESSMENT INCLUDES 4120 ERATO
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Exterior
Parking Features Off Street
Lot Features City Lot Rectangular Lot
Water Source Public
Lot Size Area 0
Foundation Details Slab
Lot Dimensions 58' X 112' 10
Lot Size Acres 0
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Window Features Screens
Half Baths 0
Laundry Features Laundry Room
Total Bedrooms 6
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* Excluded Features
List By
Branding Realty Llc

Broker

blearson@outlook.com

Email

Affordability Calculator

$1,990
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Monthly Principal & Interest
$1,990
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Default based on a 30-year fixed rate of 6.375% 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
9/11/2025$319,000 -5.90% Price Down
6/26/2025$339,000 -5.57% Price Down
6/18/2025$359,000 Listed Price

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4120 24 Erato Street, New Orleans, LA, 70125 is a Multi-Family Home for sale at $319,000 with 2,250 sqft. 4120 24 Erato Street has 6 bedrooms, 4.0 baths, and was built in 1970. The property's zip code is 70125 which is in New Orleans, LA