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- Description
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Street View
$299,000
Monthly Est:$1,488
4 Beds
4 Baths4 full baths
2,476sqft
112 Addison St, New Orleans, LA 70121
$299,000
$1,488/moEst:
Get Pre-Approved
Townhouse
Built in 1970
$-- HOA
5,924.16 sqft lot
$121/sq.ft
Description
Calling all investors and house hackers! Fully occupied fourplex in Old Jefferson offering an exciting value-add opportunity. This two-story property features four one-bedroom, one-bath units with approximately 2,476 square feet of living area. All four leases are currently month-to-month, providing flexibility for future improvements and rent increases.
Current rents total $2,650 per month, or $31,800 annually, and are below nearby market rents. The included pro forma projects rents of $1,150 per unit, while an analysis reports an average and median of $1,295 for nearby one-bedroom rentals.
The property needs updates, allowing its next owner to improve the units while capturing meaningful rental upside. Conveniently located by Ochsner Medical Center, Oak Street, Earhart Expressway, the Mississippi River and New Orleans. An incredible opportunity to acquire an income-producing property with strong value-add potential!
- Houzeo last checked: 3 hours ago
- Listing updated: October 8, 2026 at 8:10 pm
- Listing Provided by: Scott Brock (504) 265-4725 , Mason McCullough | Bridgewater Realty Advisors, LLC (504) 901-0463
- Source: New Orleans Metropolitan AOR (NOMAR) MLS-LA | MLS#: 2580831
Property Details
Status
Active
Type
Townhouse
No. of Stories
2
County
City
Neighborhood
--
Year Built
1970
HOA Fees
-
Finished Area
2,476 sqft
Lot Size
5,924.16 sqft lot
Basement Area
- sqft
MLS Name
New Orleans Metropolitan AOR (NOMAR) MLS
MLS Number
2580831
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Interior
Sewer
Public Sewer
Heating
Central, Window Unit, Dual System
Cooling
Window Units
Construction
Year Built
Year Built: 1970
Home type
Townhouse
Property Condition
Average Condition
Construction Materials
Brick
Foundation Details
Slab
Roof
Asphalt
Utilities & Energy
Water Source
Public
Parking Features
Driveway, Off Street, Three Or More Spaces
Laundry Features
In Unit
Other Features
Lot Features
City Lot, Rectangular Lot
Tenant Pays
Electricity, Gas
Price History
| Date | Event | Price |
|---|---|---|
10/08/2026 Source: | Listed for Sale | $299,000 $121/sqft |
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Based on information from the ROAM MLS through Oct 09, 2026, 02:30PM. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 ROAM MLS. All Rights Reserved.
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