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$359,000
10 Days On Site

1616 EAGLE Street
New Orleans, LA 70118

For Sale|Quadruplex|Pending
4
Beds
4
Total Baths
4
Full Baths
1,925
SqFt
$186
/SqFt
1948
Built
County:
Orleans
Call Now: (504) 302-9590
Is this the listing for you? We can help make it yours.
(504) 302-9590
1616 EAGLE Street1616 EAGLE Street1616 EAGLE Street1616 EAGLE Street
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Monthly Payment (Est.)

$1,638
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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 category.<br><br> The TOTAL average utility costs that the landlord/Owner covers is $900 TOTAL (for the electricity and water, sewerage & trash). Only 4 blocks to Oak Street, this location is exceptional! You are moments from award-winning restaurants, neighborhood coffee shops, fitness studios, art galleries, live music venues, and one of Uptown’s most beloved commercial corridors. Demand for this area is always strong, which helps keep vacancies low and rents competitive.<br><br> Additional benefits include the preferred Flood Zone X, a property that has never flooded, and an overall setup that makes this an easy addition to any portfolio.<br><br> This is a rock solid investment with excellent cash flow from day one. Do not miss this one!

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Listing Snapshot
Price 
$359,000
Days On Site 
10 Days
Bedrooms 
4
Inside Area (SqFt) 
1,925 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1948
MLS® Number 
2531730
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoStatus changed to Pending
3 days agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Cross Street 
Green St, Monroe St, Birch St, General Ogden St
Foundation 
RaisedSlab
Green Energy Efficient 
Lighting
Levels 
One
Parking 
Driveway
Parking Spaces 
3
Property Condition 
Updated/Remodeled
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Style 
Cottage
Water Source 
Public
Interior Features
Cooling 
DuctlessWall Unit(s)
Heating 
DuctlessWall Furnace
Laundry Features 
Common Area
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Exterior Features
Construction Details 
FrameVinyl SidingWood Siding
Exterior 
Courtyard
Lot Features 
City LotRectangular Lot
Patio And Porch 
Porch
Pool Features 
None
Roof 
Shingle
Listing courtesy of Keller Williams Realty New Orleans

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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