1

Gentilly Terrace Condo for Sale

Section Image
  • /25

    $405,000

    • 7 Beds
    • 4 Baths
    • 3,648 Sq Ft

    4932 Lafaye St, New Orleans, LA 70122

    This Gentilly Gem is on the market and waiting for you with a Assumable Mortgage including a 4.5% Interest Rate!!!! Unit A (3bed/2ba) Unit B (4bed/2ba).This Multi-Family property, Unit A (3bed/2ba) Unit B (4bed/2ba), can be occupied by an Investor or Owner-Occupant. This 7 bed/4 bath property features hardwood flooring throughout the kitchen of both units, along with stainless steel

    Ashley Warren NOLA Property Collective, LLC

    4932 Lafaye St, New Orleans, LA 70122

Why Live in Gentilly Terrace

Gentilly Terrace in New Orleans is a neighborhood known for its diverse architectural styles, including shotguns, cottages, and colonial revivals with Spanish influences. The area features larger lots, averaging around 5,400 square feet, providing more space compared to nearby neighborhoods. The neighborhood is situated on higher ground, reducing the risk of flooding. Local parks include Miltenberger Playground and the Milne Recreation Center, which offers a variety of recreational activities. Additionally, New Orleans City Park, located about 3 miles away, provides extensive green space and numerous attractions. For shopping, residents frequent the Walmart on Chef Menteur Highway and Canseco's Filmore Market for fresh produce. Dining options include New Orleans Snowball for fast food and The Original Fiorellas' Café for southern classics. Annual events like Gentilly Fest and proximity to city-wide celebrations such as Mardi Gras and Jazz Fest add to the community's vibrant atmosphere. While the neighborhood has a low walkability score, it is serviced by four major bus routes, making public transportation accessible. Major roads like Gentilly Boulevard and US 610 facilitate commutes but can result in higher noise levels for nearby residents. Schools in the area include Audubon Gentilly and Mary Bethune Elementary, with Benjamin Franklin High School, a highly rated institution, serving older students.

Home Trends in Gentilly Terrace, LA

Housing Trends

Median Sale Price
$340,000
Median Single Family Sale Price
$400,000
Median Townhouse Sale Price
$275,000
Median 2 Bedroom Sale Price
$570,000
Median 1 Bedroom Sale Price
$74,000
Average Price Per Sq Ft
$200
Number of Homes for Sale
18
Last 12 months Home Sales
277
Months of Supply
0.80
Median List Price
$388,610
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
5%
How to Buy a Home How to Finance a Home How to Sell a Home