115 E 16th St Reserve, LA 70084
Estimated payment $2,760/month
About This Home
Fully occupied 5-plex in Reserve, Louisiana offering immediate cash flow. Each unit features 2 bedrooms and 1.5 bathrooms with updated systems throughout. Major improvements within the last 5 years include HVAC units, hot water heaters, windows, refrigerators and Hardy board siding, just to name a few. Located in X-flood zone. Durable metal roof adds long-term value. Renovations to all units in 2022/2023. Tenants pay all utilities and provide their own washer/dryer. Great opportunity for investors seeking a stabilized, income-producing property.
Property Details
Home Type
- Multi-Family
Lot Details
- 6,565 Sq Ft Lot
- Lot Dimensions are 101 x 65
Parking
- Parking Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Metal Roof
Interior Spaces
- 5,500 Sq Ft Home
- 2-Story Property
Utilities
- Central Heating and Cooling System
Community Details
- 5 Units
Listing and Financial Details
- Tax Lot 1A
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,186 | $25,500 | $5,000 | $20,500 |
| 2024 | $3,186 | $25,500 | $5,000 | $20,500 |
| 2023 | $3,184 | $25,500 | $5,000 | $20,500 |
| 2022 | $3,191 | $25,500 | $5,000 | $20,500 |
| 2021 | $2,120 | $16,775 | $3,000 | $13,775 |
| 2020 | $449 | $4,000 | $1,000 | $3,000 |
| 2019 | $503 | $4,000 | $1,000 | $3,000 |
| 2018 | $498 | $4,000 | $1,000 | $3,000 |
| 2017 | $498 | $4,000 | $1,000 | $3,000 |
| 2016 | $470 | $4,000 | $1,000 | $3,000 |
| 2014 | $470 | $4,000 | $1,000 | $3,000 |
| 2013 | $470 | $4,000 | $1,000 | $3,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/18/2026 05/18/26 | Pending | -- | -- | -- | |
| 05/04/2026 05/04/26 | Price Changed | $460,000 | -4.2% | $84 / Sq Ft | |
| 04/14/2026 04/14/26 | For Sale | $480,000 | +33.3% | $87 / Sq Ft | |
| 08/19/2021 08/19/21 | Sold | -- | -- | -- | View Prior Sale |
| 07/20/2021 07/20/21 | Pending | -- | -- | -- | |
| 06/03/2021 06/03/21 | For Sale | $360,000 | -- | $65 / Sq Ft |
Source: New Orleans Metropolitan Association of REALTORS®
MLS Number: NO2552338
APN: 0500183700
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