6438 40 Franklin Avenue New Orleans, LA ^$ 352,000

6438 40 Franklin Avenue

^$ 352,000

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6438 40 Franklin Avenue

New Orleans, LA, 70122

^$ 352,000

Bedrooms2 Baths2.0 Sq 1,508

Monthly Estimate*

^$ 2,223

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Multi-Family Home for sale in New Orleans, LA

for $352,000 with 2 bedrooms and 2 full baths. This 1,508 square foot home was built in 2023.

This Gentilly duplex was built only 3 years ago and has been well maintained since day one. Each unit features luxury vinyl flooring, stone countertops, stainless steel appliances, in-unit laundry, and fully separate utilities with individual HVAC and water heaters per unit. The rear unit has its own driveway and side yard access, creating a sense of privacy many duplexes lack. The property is walking distance to Rouse's, Lakefront Arena, and Lakeshore Festival Grounds, right in the UNO corridor - an area with consistent rental demand. Both units have rented between $1,400-$1,500/month since the day they were built. Currently fully occupied with one unit coming available again in July.

Multi-Family Active

Price

^$ 352,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Year Built

2023

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2555010

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air

Roof Asphalt Shingle

Architectural Style Other

Pool Features None

Construction Materials Frame HardiPlank Type

Year Built 2023

Tenant Pays Electricity Gas Water

Stories Count 1

Levels One

Property Subtype Duplex

County Orleans

Property Type Residential Income

Total Rooms 0

Full Baths 2

Status Active

City New Orleans

Number Of Units Total 2

Property Condition Excellent

Standard Status Active

Tax Lot 6

Property Sub Type Additional Duplex

Exterior

Parking Features Off Street Two Spaces

Lot Features Corner Lot City Lot Rectangular Lot

Water Source Public

Lot Size Area 0

Foundation Details Raised

Lot Dimensions 45 x 110

Lot Size Acres 0

Interior

Air Conditioning Y/N 1

Heating Y/N 1

Half Baths 0

Laundry Features In Unit

Total Bedrooms 2

* Excluded Features

List By

Srsa Residential, Inc.

Broker

nbkallman@srsa-realestate.com

Affordability Calculator

$2,223

Per Month

Monthly Principal & Interest: $2,223
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

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

Trends
Schools

Multi-family listings in New Orleans, LA

Average List Price ^$516,785

Percent of Sale Price 47%

About New Orleans, LA

392,550 Population

-19% Since 2002

^$41,421 Median Income

36.4 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

476401 Elementary School

475975 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/16/2026	$352,000	-0.85%	Price Down
4/30/2026	$355,000		Listed Price

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6438 40 Franklin Avenue, New Orleans, LA, 70122 is a Multi-Family Home for sale at $352,000 with 1,508 sqft. 6438 40 Franklin Avenue has 2 bedrooms, 2.0 baths, and was built in 2023. The property's zip code is 70122 which is in New Orleans, LA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/26/2026.

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6438 40 Franklin Avenue

Multi-Family Home for sale in New Orleans, LA

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