116 S Norman C Francis Parkway, New Orleans, LA 70119

New Orleans
Local realty services provided by:ERA Sarver Real Estate
116 S Norman C Francis Parkway,New Orleans, LA 70119
$449,000
  • 7 Beds
  • 5 Baths
  • 4,390 sq. ft.
  • Multi-family
  • Active
Listed by: monica iacono
Office: realty one group immobilia
MLS#:2549904
Source:LA_GSREIN

Price summary

  • Price:$449,000
  • Price per sq. ft.:$102.28

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. Currently 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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1970
  • Listing ID #:2549904
  • Added:1 day(s) ago
  • Updated:April 02, 2026 at 06:50 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5
  • Full bathrooms:4
  • Half bathrooms:1
  • Living area:4,390 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Heating

Structure and exterior

  • Roof:Shingle
  • Year built:1970
  • Building area:4,390 sq. ft.
  • Lot Features:City Lot, Rectangular Lot
  • Architectural Style:Traditional
  • Construction Materials:Brick
  • Exterior Features:Fence
  • Foundation Description:Slab
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$449,000
  • Price per sq. ft.:$102.28

Features and amenities

  • Laundry features:Laundry Room

Parking

  • Parking description:Off Street

New listings near 116 S Norman C Francis Parkway