$1,400,000
$200K PRICE DROP

Estimated payment $8,315/month

Total Views 5,363
8 Beds
6 Baths
5,500 Sq Ft
$255 Price per Sq Ft

About This Home

One of a kind university area investment opportunity located one block from campus. 1517-1519 Audubon is a two story double measuring 5,500 sq/ft. Each unit contains a total of 4 individual bedrooms all located off of a common hallway on the second floor. Large living , dining and kitchen areas provide plenty of space for student residents. The raised basement in each unit also provides ample storage. Off-street parking is also available for each unit. Each building is on a master lease providing for ease of monthly rent collections and tenant retention. Stabile and secure income with existing barriers to entry for competing assets. This location provides for constant occupancy with many tenants often passing their lease on to friends/family upon graduation.

Listing Agent

Parke McEnery

The McEnery Company License #NOM:995695203 Listed on: 12/18/2024

The McEnery Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,269

Year Built

  • Built in 1932

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 5,500 Sq Ft Home
  • Property has 2 Levels
  • Raised Basement

Utilities

  • Central Heating and Cooling System
  • Internet Available

Additional Features

  • Property is in excellent condition
  • Outside City Limits

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 615309504

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,269

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: Duplex
  • Style: Raised Basement
  • Condition: Excellent
  • ADA Features: No
  • Lp Amt Sq Ft: 254.55
  • Building Stories: 2.00000
  • Unit Level: 2
  • Year Renovated: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1932

Interior Features

  • Estimated Living Area: 5500
  • Total Sq Ft: 5500

Exterior Features

  • Exterior: Frame
  • Foundation: Raised
  • Roof Type: Asphalt, Shingle

Garage/Parking

  • Car Storage: Off Street Parking
  • Internet: Yes

Utilities

  • Air Conditioner: Central
  • Electricity Provided By: Entergy
  • Gas Type: Natural
  • Heating: Central
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Elevation Certificate: No
  • Lot Description: Regular
  • Lot Size: 6120
  • Parcel #: 615309504

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Lease Purchase Poss: No

Multi Family

  • Total Bedrooms All Units: 8
  • Total Full Baths All Units: 2
  • Total Half Baths All Units: 4
  • Total Units: 2

Map

Range of Values:

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Average Value
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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 $10,269 $77,800 $18,360 $59,440
2024 $10,424 $77,800 $18,360 $59,440
2023 $10,476 $77,720 $12,240 $65,480
2022 $10,476 $74,450 $12,240 $62,210
2021 $8,990 $77,720 $12,240 $65,480
2020 $8,990 $61,840 $12,240 $49,600
2019 $9,343 $61,840 $12,240 $49,600
2018 $9,528 $61,840 $12,240 $49,600
2017 $9,098 $61,840 $12,240 $49,600
2016 $7,445 $49,050 $12,240 $36,810
2015 $7,292 $49,050 $12,240 $36,810
2014 -- $49,050 $12,240 $36,810
2013 -- $49,050 $12,240 $36,810
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 Price Changed $1,400,000 -12.5% $255 / Sq Ft
12/18/2024 12/18/24 For Sale $1,600,000 -- $291 / Sq Ft
Source: Gulf South Real Estate Information Network

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $863,500 Delta Title Corporation
Source: Public Records

Source: Gulf South Real Estate Information Network

MLS Number: 2479946

Gulf South Real Estate Information Network

APN: 6-15-3-095-04