NEW 1 HR AGO

For sale

$299,000

Est. $2,245/mo —

•

2,476

sq ft

112 Addison St, New Orleans, LA 70121

About this home

Calling all investors and house hackers! Fully occupied fourplex in Old Jefferson offering an exciting value-add opportunity. This two-story property features four one-bedroom, one-bath units with approximately 2,476 square feet of living area. All four leases are currently month-to-month, providing flexibility for future improvements and rent increases. Current rents total $2,650 per month, or $31,800 annually, and are below nearby market rents. The included pro forma projects rents of $1,150 per unit, while an analysis reports an average and median of $1,295 for nearby one-bedroom rentals. The property needs updates, allowing its next owner to improve the units while capturing meaningful rental upside. Conveniently located by Ochsner Medical Center, Oak Street, Earhart Expressway, the Mississippi River and New Orleans. An incredible opportunity to acquire an income-producing property with strong value-add potential!

TownhomeProperty Type

1970Year Built

5,924 sq ftLot Size

$121Price/Sq.Ft.

3 spacesParking

Listed by Scott Brock • Bridgewater Realty Advisors, LLC

Listed by Mason McCullough • Bridgewater Realty Advisors, LLC

Listing updated: Oct 8, 2026 at 12:24pm

Redfin checked: a minute ago

•Source:GSREIN #2580831

Payment calculator

$2,245 per month

Principal and interest$1,673

Property taxes

$207

HOA dues

Home insurance

$366

Utilities

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Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Jefferson Elementary School

Public PreK-8 • Assigned • 1.9mi

6/10

Riverdale High School

Public 9-12 • Assigned • 1.8mi

7/10

Provided by GreatSchools

About Old Jefferson

East

Old Jefferson East, located between the Mississippi River levee and Jefferson Highway, is a historic and residential Jefferson neighborhood with riverfront green space and a low-slung, porch-lined streetscape. The neighborhood’s character concentrates around the Jefferson Highway corridor near Causeway Boulevard, where local eateries, corner markets, and service storefronts set a steady, lived-in rhythm. Architectural cues lean toward mid-century ranch homes and older cottages tucked behind mature trees. The levee path frames daily routines with long river views and bike-and-walk traffic. Jefferson Playground adds courts and open fields that anchor outdoor time. Nearby, the Ochsner Medical Center campus shapes the area’s weekday pulse and practical amenities.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Bathrooms
4 full bathrooms

Laundry & utility
In-unit laundry

Heating & cooling
Central and window-unit heating
Window-unit cooling

Sale and tax history for 112 Addison St

Sale History
Tax History

Date

Event

Price

GSREIN #2580831

Sep 25, 2026

Listed

$299,000

$121/sq ft

AcadianaMLS #NO2580831

Sep 25, 2026

Listed

$299,000

$121/sq ft

+11

Public Records

Feb 1, 2001

Sold

$65,000

$26/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,480 (+0.2%)

$3,800 + $15,850

$19,650

2024

$2,476 (+11.6%)

$3,800 + $15,850

$19,650

2023

$2,218 (+2.7%)

$3,800 + $13,060

$16,860

2022

$2,160 (+7.7%)

$3,800 + $13,060

$16,860

2021

$2,006 (+0.7%)

$3,800 + $13,060

$16,860

2020

$1,992 (+16.7%)

$3,800 + $13,060

$16,860

2019

$1,706 (+7.1%)

$3,800 + $10,250

$14,050

2018

$1,593

$3,800 + $10,250

$14,050

2017

$1,593 (+2.0%)

$3,800 + $10,250

$14,050

2016

$1,562 (−2.2%)

$3,800 + $10,250

$14,050

2014

$1,597

$3,800 + $10,400

$14,200

2013

$1,597

$3,800 + $10,400

$14,200

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

5,940 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Jefferson Parish

APN

0700001556

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 8, 2026.

Multiple-Family Residential District

This district is composed of certain areas where it is desirable to recognize a higher density of residential use. Because of the greater density of population and concentration of vehicles these districts are situated where they may be more easily served by public and commercial services and have easier access to thoroughfares and collector streets.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Public service
Educational/school
Library
Museum / gallery
Park & open space

Climate risks

6/10 Flood Factor

Estimated 22-32% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

6 days above 108° expected this year, 17 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

New Orleans, LA • 70121

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.9 hours in June and 5.2 hours in December, which is comparable to the U.S. average for solar exposure.

8.9 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 112 Addison St

$294,884

$4,116 under list price of $299K

Nearby comparable homes

The Redfin Estimate uses 5 recent nearby sales, priced between $290K to $590K.

SOLD JUL 10, 2026
$290,000 Last sold price
3 beds2 baths1,146 sq ft
1615 Hollygrove St, New Orleans, LA 70118
$132/sq ft
27 years older
SOLD JUN 22, 2026
$407,526 Last sold price
3 beds2 baths1,780 sq ft
8742 Jeannette St, New Orleans, LA 70118
$108/sq ft
49 years newer
SOLD AUG 12, 2026
$590,000 Last sold price
3 beds2 baths1,757 sq ft
1127 Leonidas St, New Orleans, LA 70118
$215/sq ft
60 years older
SOLD MAR 27, 2026
$325,000 Last sold price
3 beds3 baths1,385 sq ft
1522 Monroe St, New Orleans, LA 70118
$114/sq ft
35 years older
SOLD MAR 27, 2026
$538,000 Last sold price
3 beds2.5 baths1,870 sq ft
8534 Jeannette St, New Orleans, LA 70118
$167/sq ft
60 years older

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