Turnkey Investment Opportunity in the Heart of New Orleans!
Come see this newly remodeled double featuring two spacious 3-bedroom, 2-bath units with no carpet, fresh paint, and modern finishes throughout. This income-producing property is ideal for both investors and owner-occupants alike.
Each unit is separately metered for water and electricity, offering maximum flexibility and efficiency for tenants and owners. With projected market rents of approximately $2,016 per unit, this property delivers a strong return and excellent cap rate potential.
Additional upgrades include a new hot water heater, two brand-new A/C condensers, and off-street parking — all in a high-demand location just minutes from the CBD, French Quarter, major interstates, and the best of New Orleans living.
Whether you're looking to live in one unit and lease the other, or add a strong performer to your rental portfolio, 4120-24 Erato Street is a rare find.
Schedule your private showing today and secure this exceptional opportunity before it’s gone!
Active
Price cut: $20K (6/26)
$339,000
4120-24 Erato St, New Orleans, LA 70125
6beds
2,250sqft
Est.:
Duplex, Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$151/sqft
$-- HOA
What's special
Off-street parkingModern finishes
- 49 days
- on Zillow |
- 55 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: June 26, 2025 at 01:00pm
Listed by:
Brandin Learson 504-319-4734,
Branding Realty LLC 504-319-4734
Source: GSREIN,MLS#: 2507718

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: ENERGY STAR Qualified Appliances
- Laundry: Laundry Room
Features
- Windows: Screens
Interior area
- Total interior livable area: 2,250 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 6,496 Square Feet
- Dimensions: 58' x 112' 10"
- Features: City Lot, Rectangular Lot
Details
- Parcel number: 4120ERATOST
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Appliances, Lighting, Water Heater
Community & HOA
HOA
- HOA name: Nomar
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $151/sqft
- Date on market: 6/18/2025
- Tenant pays: Electricity, Water
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