421 S Lopez St, New Orleans, LA 70119
- $475,000
- 4
- BD
- 3,875
- SqFt
- List Price
- $475,000
- MLS#
- 2565781
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Traditional
- Stories
- 2
- Bedrooms
- 4
- Half-baths
- 1
- Acres
- 0.12
- Living Area
- 3,875
- Parish
- Orleans
Property Description
Income-producing 4-plex in the heart of Mid-City, just off Banks Street! This property is surrounded by some of the neighborhood’s favorite bars, coffee shops, restaurants, and conveniences, including Finn McCool’s, Holy Ground, Trader Joe’s, The Station Coffee Shop & Bakery, Bayou St. John, the Crescent City Farmers Market, and the Lafitte Greenway making it easy to bike or commute into Downtown. Four separate units with three already occupied offer immediate rental income and flexibility for the next owner. Move into the vacant unit and let your tenants offset your expenses, or lease all four for a fully income-producing investment. New roof in 2025! A secure, interior common entrance and lobby provides an added layer of privacy and security for residents. Outside, the property offers a huge yard plus something especially hard to find in Mid-City: a large garage! The garage offers substantial storage and workspace and could potentially provide an additional rental income stream separate from the residential units. With existing tenants, a desirable central location, generous outdoor space, and multiple opportunities to increase income, this is a solid Mid-City investment with plenty of room to grow.
Additional Information
- Exterior Features
- Fence
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Pool Description
- None
- Property Condition
- Very Good Condition
- Heating
- Central
- Cooling
- Central Air
Mortgage Calculator
Participants, subscribers, and all users acknowledge that the information contained in the Multiple Listings Service is owned by the New Orleans Metropolitan Association of REALTORS®, Inc. and no user may, nor may they authorize or allow anyone to, download the active listings, sold listing data, or other information contained in the MLS for the recommercialization (resale) or for any purpose not authorized in writing by the New Orleans Metropolitan Association of REALTORS®, Inc. or the Gulf South Real Estate Information Network, Inc. Copyright 2026, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS®, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site. The information being provided is for the consumer’s personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing. The user of this site is granted permission to copy a reasonable and limited number of copies to be used in satisfying the purposes identified in the preceding sentence. By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, you may not use this site in any way. Your continued use of this site, and/or its affiliates’ sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes. Listing data provided by GSREIN. Listing data is deemed accurate but not guaranteed. Other Broker's Listing.