4120 24 Erato Street
New Orleans, LA 70125
Map
- 6 beds
- 4 baths
- 2,250 sqft
- $159 per sqft
- 1970 build
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!
Last checked:
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Checking…
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Last updated Jun 18, 2025
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MLS# 2507718 —
The Building
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Year Built:1970
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Construction Materials:Brick
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Architectural Style:Other
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Building Area Source:Assessor
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Roof:Shingle
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Foundation:Slab
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Window Features:Screens
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Levels:One
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Stories:1
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Green Energy Efficient:Appliances, Lighting, Water Heater
Interior
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Living Area:2250
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Living Area Source:Assessor
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Laundry Features:Laundry Room
Financial & Terms
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Home Warranty:No
Location
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Cross Street:S. Dupre, S. Gayoso
The Property
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Parcel Number:4120-ERATOST
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Subtype Additional:Duplex
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Property Condition:Very Good Condition
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Lot Features:City Lot, Rectangular Lot
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Lot Size Dimensions:58' X 112' 10"
Listing Agent
- Contact info:
- Agent phone:
- (504) 319-4734
- Office phone:
- (504) 319-4734
Taxes
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Tax Lot:F&G
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Tax Legal Description:1. SQ 501 LOT G ERATO 29' X 112' 10" 2. ASSESSMENT INCLUDES 4120 ERATO
Beds
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Bedrooms Total:6
Baths
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Full Baths:4
The Listing
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Current Price:$359,000
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:Yes
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Cooling:Central Air
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Pool Features:None
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Association Name:Nomar
Parking
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Parking Features:Off Street
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/18/25
Jun 18, 2025
|
Listed / Active | GSREIN | $359,000 |
