$699,000

1501 Marais St New Orleans, LA 70116

7th Ward Neighborhood

Estimated payment $4,190/month

Total Views 1,568
6 Beds
4 Baths
2,680 Sq Ft
$261 Price per Sq Ft

Highlights

  • Corner Lot
  • Balcony
  • Central Heating and Cooling System
  • Cottage
  • Courtyard
  • Property is in excellent condition

About This Home

Opportunity to own a Historical Multi-Family property with significant income potential. Just a short walk to the French Quarter and Marigny triangle, this historically rich triplex, features a charming central courtyard and combines old-world charm with modern amenities. With three separately metered units, the property includes a downstairs unit with 3 bedrooms and 2 full bathrooms, an upstairs unit with 2 bedrooms and 1 bathroom, and a separate guest house at the rear with its own private entrance, offering one bedroom and one bathroom. Each unit showcases original hardwood floors, fireplaces, soaring ceilings, and functional wood shutters, providing various possibilities for living or investment. Please see attached for features of the home including 2023 Roof!

Listing Agent

REBECCA WAXMAN

McEnery Residential, LLC License #995706680 Listed on: 09/09/2025

McEnery Residential, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,578

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 30x100
  • Fenced
  • Corner Lot
  • Rectangular Lot
  • Property is in excellent condition

Home Design

  • Triplex
  • Cottage
  • Entry on the 2nd floor
  • Raised Foundation
  • Shingle Roof
  • Asphalt Shingled Roof
  • Wood Siding
  • HardiePlank Type

Interior Spaces

  • 2,680 Sq Ft Home
  • Property has 2 Levels
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony
  • Courtyard

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 37W104716

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,578

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size: 30x100
  • Architectural Style: Cottage, Creole
  • Entry Level: 2
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1890
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Living Area: 2680.0

Exterior Features

  • Lot Features: Corner Lot, City Lot, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: HardiPlank Type, Wood Siding
  • Exterior Features: Balcony, Courtyard, Fence
  • Foundation Details: Raised
  • Patio And Porch Features: Balcony
  • Property Condition: Excellent
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: None

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 37W104716

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Lot: 13

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 $5,578 $61,160 $4,500 $56,660
2024 $5,772 $61,160 $4,500 $56,660
2023 $4,966 $37,050 $1,800 $35,250
2022 $4,966 $35,290 $1,800 $33,490
2021 $5,333 $37,050 $1,800 $35,250
2020 $5,386 $37,050 $1,800 $35,250
2019 $5,507 $36,450 $1,200 $35,250
2018 $5,616 $36,450 $1,200 $35,250
2017 $5,363 $36,450 $1,200 $35,250
2016 $5,532 $36,450 $1,200 $35,250
2015 $6,021 $40,500 $600 $39,900
2014 -- $40,500 $600 $39,900
2013 -- $7,200 $600 $6,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 For Sale $699,000 0.0% $261 / Sq Ft
04/21/2025 04/21/25 Rented $2,500 0.0% --
04/19/2025 04/19/25 Under Contract -- -- --
04/04/2025 04/04/25 For Rent $2,500 0.0% --
02/08/2023 02/08/23 Sold -- -- --
12/27/2022 12/27/22 Pending -- -- --
12/27/2022 12/27/22 For Sale $695,000 0.0% $228 / Sq Ft
12/10/2022 12/10/22 Price Changed $695,000 -3.3% $228 / Sq Ft
11/29/2022 11/29/22 For Sale $719,000 +58.0% $236 / Sq Ft
06/12/2013 06/12/13 Sold -- -- --
05/13/2013 05/13/13 Pending -- -- --
12/13/2012 12/13/12 For Sale $455,000 -- $162 / Sq Ft
Source: ROAM MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Warranty Deed $405,000 --
Warranty Deed $72,500 --
Warranty Deed $160,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $531,810 New Conventional
Previous Owner $303,750 New Conventional
Previous Owner $269,500 New Conventional
Source: Public Records

Source: ROAM MLS

MLS Number: 2520667

APN: 3-7W-1-047-16

Louisiana Orleans Parish New Orleans 70116 7th Ward

1501 Marais St, New Orleans, LA

This home is located at 1501 Marais St, New Orleans, LA 70116 and is currently priced at $699,000, approximately $260 per square foot. This property was built in 1890. 1501 Marais St is a home located in Orleans Parish with nearby schools including Homer Plessy French Quarter Community School, Mary Bethune Elementary School, and KIPP Leadership Primary.

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Listing Agent
REBECCA WAXMAN
Section Image
McEnery Residential, LLC
(504) 332-8478