Under Contract

1415-17 Terpsichore Street

New Orleans, LA 70130
Mark as Favorite
Bed 11

Bed

Bath 4

Bath

SqFt5,076

Sqft

LOWER GARDEN DISTRICT GREEK REVIVAL — FULLY LEASED, HIGH-INCOME SHOWSTOPPER, 9.7% gross ROI. Effortlessly elegant, this beautiful property delivers both charm and CASH FLOW. Featuring 11 bedrooms, 4 full baths, and 4 half baths, the residence is thoughtfully configured into four spacious, townhome-style units—each offering 1,229 sq ft of well-designed living space and generating a STRONG $7900/MO in income. Rich with timeless New Orleans character, including hardwood floors, original brick fireplaces & mantels. Each unit lives like a private home, with a highly desirable layout: kitchen, living area, main-level bedroom, and half bath downstairs, plus two large, independent bedrooms, full bath, and in-unit laundry—NO WALK THRU BEDROOMS! Investor-friendly features include: CENTRAL HVAC, FOUR SEPARATE WATER/GAS/ELECTRIC METERS — owner pays only taxes & insurance, Post-Ida roof, Updated kitchens with granite countertops, stainless steel appliances & dishwashers, Full-size washer & dryer in every unit. Location is everything: just 1.5 blocks to St. Charles Avenue (Mardi Gras parades!), 1 block to Magazine Street for premier dining, shopping, and nightlife, and only a 10-minute streetcar ride to the French Quarter. Surrounded by upscale neighbors like the Garden District Hotel & BlackBird Hotel. Exceptional investment opportunity with immediate income and future upside—potential condo conversion for resale. Marketing packet with floor plan, rental specifics, etc- please inquire.

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Detail Ic Property Details

Property Type : Residential Income

Price : $974,999

AD Id : 75066428

MLS Id : 2539354

Beds : 11

Living Area Size : 5,076

Year Built : 1890

County : Orleans

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Feature Features

  • Bedroom Information

    Total Bedrooms: 11

    Bathroom Information

    Full Baths: 4 Half Baths: 4

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Room Information

    Total Square Feet Living: 5076
  • Interior Features

    Roof: Asphalt Exterior Property Features: Balcony,Courtyard,Fence,Porch Cooling Features: Central Air Heating Features: Central Laundry Features: In Unit

  • Building Information

    Year Built: 1890 Roof: Asphalt
  • Exterior Features

    Balcony,Courtyard,Fence,Porch

  • Lot Information

    Lot Features: City Lot,Rectangular Lot
  • Property Information

    SQ ft: 5,076 Source Listing Status: Active Under Contract Directions: Saint Charles towards Quarter, Right on Terpsichore, 2 blocks down on left Property Subtype: Quadruplex Building Exterior Type: HardiPlank Type,Wood Siding Foundation Details: Raised Property Age: 136 Property Condition: Excellent Levels or Stories: Two

  • Listing Price Information

    Original List Price: $974,999

  • Tax Information

    Parcel Number: 1415-TERPSICHOREST
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1441-43 St. Mary Street, New Orleans, LA, 70130 $670,000 6 3 3,600 3,600 SqFt
525 Conti Street, New Orleans, LA, 70130 $1,472,500 8 4 3,582 3,582 SqFt
317 Exchange Place, New Orleans, LA, 70130 $760,000 2 2 1,344 1,344 SqFt
2412 14 Magazine Street, New Orleans, LA, 70130 $970,000 6 4 4,853 4,853 SqFt
805-807 Jackson Avenue, New Orleans, LA, 70130 $339,000 4 2 1,533 1,533 SqFt
841 Washington Avenue, New Orleans, LA, 70130 $510,000 4 4 2,254 2,254 SqFt
922-24 Melpomene Street, New Orleans, LA, 70130 $1,100,000 4 4 3,367 3,367 SqFt
1173 Magazine Street, New Orleans, LA, 70130 $1,390,000 3 3 4,063 4,063 SqFt
1472 Constance St, New Orleans, LA, 70130 $574,000 -- -- 3,300 3,300 SqFt
834 36 Josephine Street, New Orleans, LA, 70130 $549,000 5 3 2,072 2,072 SqFt

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ByOwner last updated this listing 06/24/2026 @ 16:05

MLS: 2539354 LISTED BY: Betsy Richard, Prime Real Estate Partners, LLC 504-400-4969 SOURCE: NOMAR

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