Attractive 4-Plex Investment Opportunity in Mid City
$620,000
3518 Palmyra St, New Orleans, LA 70119
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 04/16/2025
2,025 sqft
Building Size
0.0804 acres
Lot Area
Details:
Building Size: 2,025 sqft
Lot Area: 0.0804 acres
Units: 4
Year Built: 1900
Floors: 2
Description:
3518-20 Palmyra is an attractive 4-plex investment opportunity located in Mid City, offered for sale at $620,000.
Current rent roll:
3518: $2,000/mo
3518A: $1,200/mo
3520: $2,000/mo
3520A: $1,000/mo
Current total ann revenue: $74,400
By boosting rents, current projected proforma NOI could be around $60,000. Landlord also currently pays all utilities (water + Entergy + internet).
*Expenses available upon request*
Please do not disturb any tenants.
3518 Palmyra St is an attractive 4-plex investment opportunity located in the Mid City area of New Orleans.
Location
Gallery
