Courtesy of: Lara Schultz, REVE, REALTORS, lasnola@yahoo.com
Courtesy of: Lara Schultz, REVE, REALTORS, lasnola@yahoo.com
$889,000
|
4,990 square feet
|
|
Other
|
$889,000
1411 TERPSICHORE Street 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.
Courtesy of: Lara Schultz, REVE, REALTORS, lasnola@yahoo.com
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.