$380,000

Estimated payment $2,144/month

Total Views 640
10 Beds
4 Baths
5,040 Sq Ft
$75 Price per Sq Ft

Highlights

  • Balcony
  • Porch
  • 3 Car Garage
  • Oversized Lot
  • Central Heating and Cooling System
  • Property is in very good condition

About This Home

Large 5040 sq ft building in a great location. The two upstairs units have gorgeous hardwood floors, fine craftsmanship, and have been exceptionally maintained. There's a development opportunity to renovate the downstairs into separate units, which already have plumbing, electric, and multiple points of entry. This will turn this two unit building into a 4 unit CASH COW. 3 year old roof, preferred flood zone X.

HANO payment standards give up to $1419/m per 2-bedroom unit, or $1813/m per 3-bedroom unit, which may be possible downstairs. If converting to 4 units, one unit must remain available for someone earning 80% Area Median Income, whereas the other units don't have that requirement.

Listing Agent

Zachary Russell

REVE, REALTORS License #NOM:995702384 Listed on: 09/15/2025

REVE, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 2023

Lot Details

  • 4,761 Sq Ft Lot
  • Lot Dimensions are 40x119
  • Fenced
  • Oversized Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Raised Foundation
  • Shingle Roof
  • Cedar

Interior Spaces

  • 5,040 Sq Ft Home
  • Property has 2 Levels
  • Raised Basement

Parking

  • 3 Car Garage
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Porch

Location

  • Outside City Limits

Utilities

  • Central Heating and Cooling System
  • Internet Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 39W310004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,644

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 4 Plex
  • Style: Raised Basement
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: SQ 596 LOT B ALVAR 40X119 DBLE 6/RM EA A/R & BASE 1415-17 ALVAR ST SEE E RECORD TAX REDEMPTION
  • Lp Amt Sq Ft: 75.40
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Unit Level: 2
  • Year Renovated: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 2023

Interior Features

  • Estimated Living Area: 5040
  • Total Sq Ft: 5040

Exterior Features

  • Pool Type: None
  • Exterior: Cedar
  • ExteriorFeatures: Balcony, Fence, Porch
  • Foundation: Raised
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: Three or More, Garage, Off Street Parking
  • 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

  • Acres: 0.1093
  • Elevation Certificate: No
  • Lot Description: Oversized
  • Lot Num: B
  • Lot Size: 40x119
  • Parcel #: 39W310004

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: 10
  • Total Full Baths All Units: 4
  • Total Rent All Units: 6464
  • Total Units: 2
  • Unit Count: 4

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 $1,644 $25,190 $2,860 $22,330
2024 $1,274 $25,190 $2,860 $22,330
2023 $852 $13,410 $2,380 $11,030
2022 $852 $12,860 $2,380 $10,480
2021 $948 $13,410 $2,380 $11,030
2020 $957 $13,410 $2,380 $11,030
2019 $792 $12,100 $1,070 $11,030
2018 $806 $12,100 $1,070 $11,030
2017 $755 $12,100 $1,070 $11,030
2016 $777 $12,100 $1,070 $11,030
2015 $315 $9,090 $830 $8,260
2014 -- $9,090 $830 $8,260
2013 -- $9,090 $830 $8,260
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2025 09/15/25 For Sale $380,000 -- $75 / Sq Ft
Source: Gulf South Real Estate Information Network

Source: Gulf South Real Estate Information Network

MLS Number: 2521758

Gulf South Real Estate Information Network

APN: 3-9W-3-100-04