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1411 TERPSICHORE ST, New Orleans, LA 70130
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1411 TERPSICHORE ST, New Orleans, LA 70130
1411 TERPSICHORE ST, New Orleans, LA 70130
1411 TERPSICHORE ST, New Orleans, LA 70130
1411 TERPSICHORE ST, New Orleans, LA 70130
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Gretchen Shotwell

Gretchen Shotwell

+1(504) 920-2235
$ 889,000
Est. payment /mo
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Listed By Rêve
New

1411 TERPSICHORE ST New Orleans, LA 70130

7 Beds

7 Baths

4,990 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,990 sqft

Price per Sqft $178

MLS Listing ID 2578980

Style Other

Bedrooms 7

Full Baths 6

Half Baths 2

Construction Status Very Good Condition

HOA Y/N No

Year Built 1850

Property Sub-Type Quadruplex

Property Description

Fully leased at $7,650 a month ($91,800 a year, a 9.7 gross rent multiple), this circa-1850 Greek Revival 4-plex anchors the edge of Coliseum Square, one block from the St. Charles Avenue streetcar. Step inside & the pedigree shows: soaring ceilings, heart-pine floors, exposed beams, cypress millwork, original transom windows & elegant medallions overhead. Four townhome-style residences — two 1,500 sq ft 2BR/1.5BA, a 1,073 sq ft 1BR/2BA & a 995 sq ft 2BR/2BA — each with a private entrance, outdoor space & in-unit laundry, totaling 4,990 sq ft & seven bedrooms. Two already have new kitchens with quartz counters, contemporary cabinetry & ss appliances; the other two leave value-add upside on the table. Relax in the rear courtyard, a quiet retreat tucked behind the building & a draw for long-term tenants. Separate electric meters, a 36 x 128 lot & Flood Zone X, a real edge on insurance in this market. Owner-occupants, take note: live in one of the 1,500 sq ft homes & let the other three cover $5,250 of the monthly payment. Ask for the full lease schedule & a lender-quoted buydown scenario. Magazine Street dining & shopping are a short walk, with Tulane & Loyola a quick ride uptown. Proven cash flow with a Lower Garden District address — ready when you are.

Location

State LA

County Orleans

Interior

Heating Central, Ductless, Window Unit, Wall Furnace

Cooling Central Air, Ductless, Wall Unit(s), Window Unit(s)

Fireplace No

Laundry In Unit

Exterior

Exterior Feature Balcony, Courtyard, Porch

Parking Features None

Pool None

Water Access Desc Public

Roof Type Shingle

Porch Balcony, Porch

Building

Lot Description City Lot, Rectangular Lot

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

Construction Status Very Good Condition

Others

Tax ID 101105512

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by REVE, REALTORS
Gretchen Shotwell

Gretchen Shotwell

Rêve | Realtor License ID: 0995685317

+1(504) 920-2235

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1411 TERPSICHORE ST