1411 Terpsichore Street, New Orleans, LA 70130
Local realty services provided by:ERA Sarver Real Estate, Inc.
1411 Terpsichore Street,New Orleans, LA 70130
$889,000
- 7 Beds
- 8 Baths
- 4,990 sq. ft.
- Multi-family
- Active
Listed by: lara schultz
Office: reve, realtors
MLS#:2578980
Source:LA_GSREIN
Price summary
- Price:$889,000
- Price per sq. ft.:$178.16
About this home
Fully leased at $7,650 a month ($91,800 a year, a 9.7 gross rent multiple), this circa-1850 Greek Revival 4-plex anchors the edge of Coliseum Square, one block from the St. Charles Avenue streetcar. Step inside & the pedigree shows: soaring ceilings, heart-pine floors, exposed beams, cypress millwork, original transom windows & elegant medallions overhead. Four townhome-style residences — two 1,500 sq ft 2BR/1.5BA, a 1,073 sq ft 1BR/2BA & a 995 sq ft 2BR/2BA — each with a private entrance, outdoor space & in-unit laundry, totaling 4,990 sq ft & seven bedrooms. Two already have new kitchens with quartz counters, contemporary cabinetry & ss appliances; the other two leave value-add upside on the table. Relax in the rear courtyard, a quiet retreat tucked behind the building & a draw for long-term tenants. Separate electric meters, a 36 x 128 lot & Flood Zone X, a real edge on insurance in this market. Owner-occupants, take note: live in one of the 1,500 sq ft homes & let the other three cover $5,250 of the monthly payment. Ask for the full lease schedule & a lender-quoted buydown scenario. Magazine Street dining & shopping are a short walk, with Tulane & Loyola a quick ride uptown. Proven cash flow with a Lower Garden District address — ready when you are....
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Home facts
- Year built:1850
- Listing ID #:2578980
- Added:25 day(s) ago
- Updated:October 26, 2026 at 03:33 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:8
- Full bathrooms:6
- Half bathrooms:2
- Living area:4,990 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall Unit(s), Window Unit(s)
- Heating:Central, Ductless, Heating, Wall Furnace, Window Unit
Structure and exterior
- Roof:Shingle
- Year built:1850
- Building area:4,990 sq. ft.
- Lot Features:City Lot, Rectangular Lot
- Construction Materials:Wood Siding
- Exterior Features:Balcony, Courtyard, Porch
- Foundation Description:Raised
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$889,000
- Price per sq. ft.:$178.16
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