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

New Orleans
Local realty services provided by:ERA TOP AGENT REALTY
116 S Norman C Francis Parkway,New Orleans, LA 70119
$449,000
  • 7 Beds
  • 5 Baths
  • 4,390 sq. ft.
  • Multi-family
  • Pending
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. 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

  • Year built:1970
  • Listing ID #:2549904
  • Added:44 day(s) ago
  • Updated:May 16, 2026 at 07:47 AM

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

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