Active

$699,000

For sale

4237 Fo••••• Dr (Sign up for 50 free credits to unlock)New Orleans, LA 70125

9Beds

6Baths

5,952Sq Ft Living

-Sq Ft Lot

1930Year Built

Property Description

Price reduction to $699,000! $7,594 per month actual gross income. 6 unit apartment complex located near Napoleon Avenue and S. Broad Street intersection in New Orleans, LA. All of the units have been renovated to some degree, allowing for a new owner to capture the maximum rents the area will allow for these unit layouts. The property boast a high occupancy rate and the Broadmoor area is highly sought after by prospective tenants. This presents an excellent investment opportunity for local, regional and national investors alike who are looking to expand their New Orleans footprint by purchasing a fully turn key asset in a great neighborhood of New Orleans that will see demand and appreciation for years to come.

Property Facts & Features

Property Type: Multi Family
Status: Active
Listed: Oct 22, 2026
Price per Sq Ft: $117/sqft
ZIP Code: 70125
Full Baths: 6
Heating: Yes
Cooling: Window Unit(S), Window Unit(S)
Construction: Frame, Stucco
Property Tax (2026): $6,271/yr
Assessed Value: $45,670
Neighborhood: Uptown and Carrollton
County: Orleans
School District: Wilson Charter School

Features & Amenities

Bedrooms

Bedrooms: 9

Bathrooms

Total Bathrooms: 6
Full Bathrooms: 6

Land Info

Lot Size Dimensions: 2960

Utilities

Sewer: Public Sewer
Natural Gas Available
Water Source: Public

Multi-Unit Info

Number of Units: 6
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Full Bathrooms in Unit-5: 1
Full Bathrooms in Unit-6: 1
Half Bathrooms in Unit-1: 0
Half Bathrooms in Unit-2: 0
Half Bathrooms in Unit-3: 0
Half Bathrooms in Unit-4: 0
Half Bathrooms in Unit-5: 0
Half Bathrooms in Unit-6: 0
Unit 1 Total Actual Rent: 1149
Unit 2 Total Actual Rent: 1450
Unit 3 Total Actual Rent: 1270
Unit 4 Total Actual Rent: 1050
Unit 5 Total Actual Rent: 1100

Heating and Cooling

Cooling Features: Window Unit(s), Window Unit(s)
Heating: Yes

Other Property Info

Source Listing Status: Active
County: Orleans
Cross Street: Napoleon & Broad
Parcel Number: 1
Property Subtype: Multifamily 5+

Building and Construction

Total Square Feet Living: 5952
Year Built: 1930
Building Area Total: 5952
Construction Materials: Frame, Stucco
Foundation Details: Slab
Living Area Source: Public Records
Property Age: 96
Total Area Sqft: 5952
Year Built Effective: 2023

Price & Event History

Date	Event	Price	$/Sq Ft
Oct 24, 2026	Listing removed	$1,600	$2
Oct 24, 2026	Listing removed	$1,675	$2
Oct 24, 2026	Listing removed	$1,500	$2
Oct 23, 2026	Listing removed	$1,400	$2
Oct 23, 2026	Listing removed	$1,500	$2
Oct 22, 2026	Listed	$699,000	$117
Jul 30, 2026	Price Changed	$699,000	$117
Feb 18, 2026	Listed	$775,000	$130
Dec 2, 2025	Listing removed	-	-
Oct 5, 2025	Price Changed	$795,000	$134
May 29, 2025	Price Changed	$825,000	$139
Mar 27, 2025	Listed	$875,000	$147
Sep 29, 2019	Sold	-	-
Sep 26, 2019	Listing removed	-	-
May 14, 1996	Sold	-	-
Nov 19, 1987	Sold	-	-

Property Tax History

Year	Tax	Assessed	Land	Building	Market
2026	$6,271	$45,670	$4,440	$41,230	$456,700
2025	$6,127	$45,670	$4,440	$41,230	$456,700
2024	$6,219	$45,670	$4,440	$41,230	$456,700
2023	$6,850	$45,980	$4,440	$41,540	$459,800
2022	$6,277	$43,900	$4,440	$39,460	$439,000
2021	$6,718	$45,980	$4,440	$41,540	$459,800
2020	$5,106	$34,440	$4,440	$30,000	$344,400
2019	$5,303	$34,440	$4,440	$30,000	$344,400
2018	$5,406	$34,440	$4,440	$30,000	$344,400
2017	$5,166	$34,440	$4,440	$30,000	$344,400
2016	$3,439	$22,000	$4,440	$17,560	$220,000
2015	$3,370	$22,000	$4,440	$17,560	$220,000

Nearby Schools

7/10
Wilson Charter School
Public · Elementary, Middle · Grades K-8
0.3 mi
NR
St Rita School
Private · Elementary, Middle · Grades PK-7
0.6 mi
NR
Eleanor Mcmain Secondary School
Public · Middle, High · Grades 7-12
0.7 mi