115 E 16th St Reserve, LA 70084
Estimated payment $2,722/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
| 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
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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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Ask me questions while you tour the home.