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116 S Norman C Francis Parkway

New Orleans, LA 70119
  • $449,000
  • STATUS: Active Under Contract
  • ON SITE: 45 Days
  • ID#: 2549904
Under Contract
UPDATED: 81 min ago
$449,000
  • 7
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
  • 4,390
    SQFT
  • $102
    $/SQFT
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Description

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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Broker and Associates are licensed in the State of Louisiana, USA.
The Fields Group | Keller Williams Realty Premier Partners || 225-664-1911 || Denham Springs, LA.

Terms & Conditions
© 2026 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Fields Group | Keller Williams Realty Premier Partners. Data last updated: 2026-05-18T13:35:27.65.
www.thefieldsgroupla.com/homes/174771666
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116 S Norman C Francis Parkway New Orleans, LA 70119

  • Price: $449,000
  • Status: Active Under Contract
  • On Site: 45 Days
  • Updated: 81 min ago
  • ID#: 2549904
7
Beds
4
Baths
1
½ Baths
N/A
Acres
4,390
SQFT
$102
$/SQFT
1970
Built
County:
Orleans
Property Description
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.
Exterior Features

Construction Materials Brick Exterior Features Fence Foundation Details Slab Lot Features City LotRectangular Lot Lot Size Dimensions 2315 Parking Features NoneOff Street Roof Shingle

Interior Features

Cooling Central Air Heating Central Heating YN Yes Laundry Features Laundry Room

Property Features

Architectural Style Traditional Cooling YN Yes Home Warranty YN No Levels Two Property Condition Excellent Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions None Tenant Pays ElectricityGasWater Watersource Public

Gulf South Real Estate Information Network Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Monica Iacono of Realty One Group Immobilia: (504) 405-3211.



Broker and Associates are licensed in the State of Louisiana, USA.
The Fields Group | Keller Williams Realty Premier Partners || 225-664-1911 || Denham Springs, LA.

Terms & Conditions
© 2026 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Fields Group | Keller Williams Realty Premier Partners. Data last updated: 2026-05-18T13:35:27.65.
 
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The Fields Group | Keller Williams Realty Premier Partners
291 Veterans Ave
Denham Springs LA, 70726