116 S NORMAN C FRANCIS Parkway, New Orleans, LA 70119
$449,000
Property Type:
MultiFamily
Square Footage:
4,390
Status:
Active
Current Price:
$449,000
List Date:
3/28/2026
Last Modified:
4/04/2026
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.
Supplements: ********
More Information MLS# NO2549904
Listing Info
Delayed Marketing: No
List Price/SqFt: 102.28
Document Modified: 2026-04-04 18:16:14.504758
Status: Active
Listing Date: 2026-03-28
Listing Price: 449000
Current Price: $449,000
Type: Duplex
Modification Timestamp: 2026-04-04T23:21:24Z
Photo Modified: 2026-04-02T16:09:14Z
Location, Tax & Legal Info
Legal Desc: 1. sq 683 LOT 24 S Norman C Francis PK 31' 10"x123"
General Property Description
Lot Dimensions: 2315
Stories: 2
SqFt - Total: 4390
SqFt - Source: Public Record
Individual Metered?: Yes
Number of Units: 2
Remarks & Misc
Remarks: 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.
Office/Member/Contract Info
List AOR: NOMAR
Currently Not Used
Acreage Range: 0 - 0.5
Parking
No Parking: 1
Construction
Brick: 1
Foundation
Slab: 1
Roof
Composition: 1
Heating
Central: 1
Cooling
Central Air: 1
Fencing
Other: 1
Tenant Pays
Electric: 1
Gas: 1
Water: 1
Originating Details
Originating System ID: ROAMM
Originating System Key: 57542947
Originating System Listing ID: 2549904
Originating System Name: ROAM Matrix
Location Tax Legal Info
Street Number: 116
Dir: S
Street Name: NORMAN C FRANCIS Parkway
Parish: Orleans
State: LA
Zip Code: 70119
Tax Assessment Number: 24/053
Directions: Bounding Streets: Canal and S Norman C Francis
Property Features
Parking: No Parking
Construction: Brick
Foundation: Slab
Roof: Composition
Heating: Central
Cooling: Central Air
Fencing: Other
Tenant Pays: Electric; Gas; Water
Documents
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Listing Office:
Realty One Group Immobilia
IDX
Last Updated: April - 04 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.