$1,299,000
$96K PRICE DROP

Estimated payment $7,921/month

Total Views 4,658
8 Beds
4 Baths
6,000 Sq Ft
$216 Price per Sq Ft

Highlights

  • Victorian Architecture
  • Courtyard
  • Property is in very good condition
  • Balcony
  • Central Heating and Cooling System
  • Fenced

About This Home

Located just half a block from Magazine Street, this stunning Greek Revival 4-plex offers an unbeatable rental investment opportunity. Each of the four spacious 1,500 sqft units features a similar layout with generous rooms, high ceilings, large private laundry rooms, and separated meters. Historic charm shines through original wood floors, mantles, medallions, and light fixtures, while modern updates ensure comfort and function. There's also space for a driveway with paving already at the road — a rare bonus in this area.With its incredible location and timeless appeal, this is a rock-solid investment in the heart of New Orleans.

Listing Agent

Nathalie Dubois

Berkshire Hathaway HomeServices Preferred, REALTOR License #NOM:995703042 Listed on: 04/15/2025

Berkshire Hathaway HomeServices Preferred, REALTOR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,728

Lot Details

  • Lot Dimensions are 50x127
  • Fenced
  • Property is in very good condition

Home Design

  • Quadruplex
  • Victorian Architecture
  • Raised Foundation
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 6,000 Sq Ft Home
  • Property has 2 Levels

Outdoor Features

  • Balcony
  • Courtyard

Location

  • Outside City Limits

Utilities

  • Central Heating and Cooling System
  • Internet Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 1010-PHILIPST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,728

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 4 Plex
  • Style: Victorian
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: 1. SQ 133 LOT E-1 PHILIP ST 2. 53 X 127 1010/12 3. 1010 PHILIP ST
  • Lp Amt Sq Ft: 216.50
  • Measurmnt Apprx Not Guaranteed: No
  • Building Stories: 2.00000
  • Unit Level: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Estimated Living Area: 6000
  • Total Sq Ft: 6000

Exterior Features

  • Exterior: Vinyl Siding, Wood Siding
  • ExteriorFeatures: Balcony, Courtyard, Fence
  • Foundation: Raised
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: None
  • Internet: Yes

Utilities

  • Air Conditioner: Central
  • Electricity Provided By: Entergy
  • Gas Paid By: Tenant
  • Gas Type: Natural
  • Heating: Central
  • Meter Set Up: Separate
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Elevation Certificate: No
  • Lot Description: Regular
  • Lot Size: 50x127
  • Parcel #: 1010-PHILIPST

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Electricity Paid By: Tenant
  • Lease Purchase Poss: No
  • Water Paid By: Tenant

Multi Family

  • Total Bedrooms All Units: 8
  • Total Full Baths All Units: 4
  • Total Units: 4

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,728 $96,430 $23,570 $72,860
2024 $12,921 $96,430 $23,570 $72,860
2023 $9,073 $67,340 $10,100 $57,240
2022 $9,073 $64,480 $10,100 $54,380
2021 $9,694 $67,340 $10,100 $57,240
2020 $9,889 $68,020 $10,100 $57,920
2019 $10,276 $68,020 $10,100 $57,920
2018 $10,481 $68,020 $10,100 $57,920
2017 $10,007 $68,020 $10,100 $57,920
2016 $9,778 $64,420 $10,860 $53,560
2015 $9,577 $64,420 $10,860 $53,560
2014 -- $64,420 $10,860 $53,560
2013 -- $64,420 $10,860 $53,560
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2025 06/22/25 Price Changed $1,299,000 -3.8% $217 / Sq Ft
05/19/2025 05/19/25 Price Changed $1,350,000 -3.2% $225 / Sq Ft
04/15/2025 04/15/25 For Sale $1,395,000 -- $233 / Sq Ft
Source: Gulf South Real Estate Information Network

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $275,000 New Conventional
Previous Owner $24,800 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Gulf South Real Estate Information Network

MLS Number: 2496878

Gulf South Real Estate Information Network

APN: 4-11-2-027-27