$819,900
$55K PRICE DROP

Estimated payment $5,071/month

Total Views 2,005
6 Beds
4 Baths
4,093 Sq Ft
$200 Price per Sq Ft

About This Home

Investment opportunity to own prime piece of real estate located directly across from Tulane University's Newcomb campus, placing it in the heart of citys in demand rental zone. This classic stucco triplex is positioned for steady, long term income with appeal to students, faculty, and professionals year after year. The large upper unit, featuring hardwood floors and central air/heat is leased
for $6000 a month beginning June 1, 2025. On the ground floor, Unit B is leased for $1600/month beginning
June 1 for one year as well. Unit A is month to month for $1200 offering flexibility for future use. Each unit has separate gas and electric meters and shared water meter. Additional features include off street parking, automatic security lighting, and 1.5 blocks away from Willow School. Whether just entering the market, or seasoned investor, take this opportunity to own high yield real estate steps from Tulane's campus

Listing Agent

Deborah Ferrante

LATTER & BLUM (LATT01) License #NOM:000041624 Listed on: 06/01/2025

LATTER & BLUM (LATT01)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,510

Lot Details

  • Lot Dimensions are 51 x 120
  • Property is in very good condition

Parking

  • Driveway

Home Design

  • Triplex
  • Raised Foundation
  • Slab Foundation
  • Stucco Exterior

Interior Spaces

  • 4,093 Sq Ft Home
  • Property has 2 Levels
  • Raised Basement

Location

  • Outside City Limits

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Window Unit Heating System
  • Internet Available

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number square 10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,510

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 3 Plex
  • Style: Raised Basement
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: Freiburg sq 10 lot 7
  • Lp Amt Sq Ft: 200.32
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Unit Level: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Estimated Living Area: 4093
  • Total Sq Ft: 4093

Exterior Features

  • Pool Type: None
  • Exterior: Stucco
  • ExteriorFeatures: Driveway Permeable Surface
  • Foundation: Raised, Slab
  • Roof Type: Other

Garage/Parking

  • Car Storage: Driveway Only
  • Internet: Yes

Utilities

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

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Elevation Certificate: Yes
  • Lot Description: Regular
  • Lot Num: 7
  • Lot Size: 51 x 120
  • Parcel #: square 10

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

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

Multi Family

  • Total Bedrooms All Units: 6
  • Total Full Baths All Units: 4
  • Total Rent All Units: 8800
  • Total Units: 3
  • Unit Count: 3

Map

Range of Values:

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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 $6,510 $49,320 $18,360 $30,960
2024 $6,608 $49,320 $18,360 $30,960
2023 $6,428 $47,440 $12,240 $35,200
2022 $6,428 $45,680 $12,240 $33,440
2021 $6,829 $47,440 $12,240 $35,200
2020 $7,663 $52,710 $12,240 $40,470
2019 $7,963 $52,710 $12,240 $40,470
2018 $8,122 $52,710 $12,240 $40,470
2017 $7,755 $52,710 $12,240 $40,470
2016 $8,890 $58,570 $12,240 $46,330
2015 $8,708 $58,570 $12,240 $46,330
2014 -- $58,570 $12,240 $46,330
2013 -- $58,570 $12,240 $46,330
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $819,900 -3.5% $200 / Sq Ft
07/10/2025 07/10/25 Price Changed $849,900 -2.9% $208 / Sq Ft
06/01/2025 06/01/25 For Sale $875,000 -- $214 / Sq Ft
Source: Gulf South Real Estate Information Network

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $375,200 New Conventional
Previous Owner $383,400 New Conventional
Previous Owner $68,900 Small Business Administration
Source: Public Records

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Source: Gulf South Real Estate Information Network

MLS Number: 2501345

Gulf South Real Estate Information Network

APN: 6-15-3-086-11