$4,738 Closing Credit¹
#2502624, Raquel Frederick, Listing office: REMAX ALLIANCE
$359,000 List price
412024 Erato St New Orleans, LA 70125
$4,263
Closing credit¹
6 beds
4 full
2,250 sqft
$160 / sqft
Multi-Family
Property details
About 412024 Erato St
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!
Highlights
Home typeDuplex
HeatingCentral
StatusActive
CoolingCentral Air
Size2,250 sqft
Year built1970
ParkingOff Street
MLS #2507718
Summary
- Full Bathrooms: 4
- Appliances: ENERGY STAR Qualified Appliances
- Total Bedroom Count: 6
- Parking: Off Street
- Architectural Style: Other
- Heating: Central
- Cooling: Central Air
- List Price: $359,000
- Price/SqFt: $159
- Lot: City Lot, Rectangular Lot
- Year Built: 1970
- Stories: 1
- Living Area: 2,250 SqFt
- MLS Number: 2507718
- MLS Name: NOMAR
- Office Name: Branding Realty LLC
- Office Phone: (504) 319-4734
- Office Email: BrandingRealty@outlook.com
- Listing Agent: Brandin Learson
- Agent Phone: (504) 319-4734
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Last updated on: 6/25/2025, 9:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$359,000
412024 Erato St
$4,263
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
1
Noble Minds
Public Charter KG-5
1.5 mi
•1333 S Carrollton Ave
10
Metairie Academy for Advanced Studies
Public Magnet PK-5
2.0 mi
•201 Metairie Rd
8
Dr. John Ochsner Discovery Health Sciences Academy
Public District KG-4
2.7 mi
•2012 Jefferson Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,278. Typical income of New Orleans, LA residents is less than $<35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
70%
<35k
30%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
57%
Single, No Kids
28%
Single, with Kids
7%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
7%
12-17 yrs old
29%
18-34 yrs old
36%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 412024 Erato St
The listing price of 412024 Erato St property is $359,000.
The property 412024 Erato St is a multi located in New Orleans, Louisiana, 70125.
Active Listing: 412024 Erato St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 412024 Erato St are: Noble Minds (GreatSchools Rating 1/10), Metairie Academy for Advanced Studies (GreatSchools Rating 10/10), Dr. John Ochsner Discovery Health Sciences Academy (GreatSchools Rating 8/10), Wilson Charter School (GreatSchools Rating 4/10), Morris Jeff Community School (GreatSchools Rating 4/10), Success Preparatory Academy (GreatSchools Rating 3/10), Warren Easton Charter High School (GreatSchools Rating 4/10), Kipp Booker T Washington (GreatSchools Rating 3/10), Eleanor Mcmain Secondary School (GreatSchools Rating 4/10).
The property 412024 Erato St is 2,250 SqFt (source: MLS/tax record).
The year of construction for 412024 Erato St is 1970.
This home is located at 412024 Erato St in New Orleans, LA and zip code 70125 in the Gert Town neighborhood. This 2,250 square foot home was built in 1970. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $359,000.
In May 2025 more than 32 listings in New Orleans, LA were sold above the asking price. During the same period more than 62 listings were sold at asking price, while more than 221 were sold below. The number of homes for sale in New Orleans, LA increased by 9.6% between April and May 2025. The median list price of listings available in May 2025 was $328,910, while the average time on the real estate market was 67 days.
From Rocket Homes Real Estate and based on county public records data.