116 S Norman C Francis Parkway, New Orleans, LA 70119
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
116 S Norman C Francis Parkway,New Orleans, LA 70119
$449,000Last list price
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: monica iacono
Office: realty one group immobilia
MLS#:NO2549904
Source:LA_RAAMLS
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Price summary
- Price:$449,000
About this home
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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Home facts
- Listing ID #:NO2549904
- Added:67 day(s) ago
- Updated:June 09, 2026 at 11:25 AM
Heating and cooling
- Cooling:Central Air
- Heating:Central Heat
- Central air:Yes
Structure and exterior
- Roof:Composition
- Architectural Style:Duplex
- Construction Materials:Brick
- Foundation Description:Slab
- Levels:2 Story
Finances and disclosures
- Price:$449,000
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