1616 Eagle Street, New Orleans, LA 70118

New Orleans
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
1616 Eagle Street,New Orleans, LA 70118
$359,000
Virtual Tour
  • 4 Beds
  • 4 Baths
  • 1,925 sq. ft.
  • Multi-family
  • Pending
Listed by: chris smith
Office: keller williams realty new orleans
MLS#:2531730
Source:LA_GSREIN

Price summary

  • Price:$359,000
  • Price per sq. ft.:$186.49

About this home

Step into a rare Uptown investment that checks every box for performance, stability, and long-term upside. This fully leased 4 unit property is a true cash cow, generating a combined monthly income of $5,398 with all four tenants in place and paying on time. NONE of the Units are Subsidized ~ NONE. Each Tenant pays their own rent timely!! Opportunities with this kind of return are scarce, especially in a neighborhood this sought after.<br><br> The property spans two separate buildings on an oversized 45' by 120' lot with coveted off street parking.<br> • Front building: (two)one bedroom one bath units, each leased at $1,400 per month<br> • Rear building: (two) one bedroom one bath units, each leased at $1,299 per month<br><br> Tenants enjoy simple living with water & electricity included, making these units extremely easy to lease and maintain. Investors enjoy strong, predictable income and a high cap rate that outperforms most multi-family opportunities in this price

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Home facts

  • Year built:1948
  • Listing ID #:2531730
  • Added:98 day(s) ago
  • Updated:February 26, 2026 at 08:51 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:1,925 sq. ft.

Heating and cooling

  • Cooling:Wall Unit(s)
  • Heating:Ductless, Heating, Wall Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1948
  • Building area:1,925 sq. ft.
  • Lot Features:City Lot, Oversized Lot, Rectangular Lot
  • Architectural Style:Cottage
  • Construction Materials:Frame, Vinyl Siding, Wood Siding
  • Exterior Features:Courtyard, Fence, Porch
  • Foundation Description:Raised, Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$359,000
  • Price per sq. ft.:$186.49

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