Stephanie Morris
MS Realty, LLC
(504) 285-2461
47 Total Sales
2 in Leonidas
$125,000 Price Range
1616 Eagle St New Orleans, LA 70118
Leonidas NeighborhoodEstimated Value: $334,000 - $392,000
4
Beds
4
Baths
1,925
Sq Ft
$187/Sq Ft
Est. Value
Highlights
- Porch
- Wall Furnace
- 1-Story Property
- Wood Siding
About This Home
As of February 2026Step into a rare Uptown investment that checks every box for performance, stability, and long-term upside. This fully leased 4 unit property is a true cash cow, generating a combined monthly income of $5,398 with all four tenants in place and paying on time. NONE of the Units are Subsidized ~ NONE. Each Tenant pays their own rent timely!! Opportunities with this kind of return are scarce, especially in a neighborhood this sought after.
The property spans two separate buildings on an oversized 45' by 120' lot with coveted off street parking.
* Front building: (two)one bedroom one bath units, each leased at $1,400 per month
* Rear building: (two) one bedroom one bath units, each leased at $1,299 per month
Tenants enjoy simple living with water & electricity included, making these units extremely easy to lease and maintain. Investors enjoy strong, predictable income and a high cap rate that outperforms most multi-family opportunities in this price category.
The TOTAL average utility costs that the landlord/Owner covers is $900 TOTAL (for the electricity and water, sewerage & trash). Only 4 blocks to Oak Street, this location is exceptional! You are moments from award-winning restaurants, neighborhood coffee shops, fitness studios, art galleries, live music venues, and one of Uptown's most beloved commercial corridors. Demand for this area is always strong, which helps keep vacancies low and rents competitive.
Additional benefits include the preferred Flood Zone X, a property that has never flooded, and an overall setup that makes this an easy addition to any portfolio.
This is a rock solid investment with excellent cash flow from day one. Do not miss this one!
Last Agent to Sell the Property
Keller Williams Realty New Orleans License #000009641 Listed on: 11/19/2025
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Property Details
Home Type
- Multi-Family
Lot Details
- 5,400 Sq Ft Lot
- Lot Dimensions are 45 x 120
Home Design
- Pillar, Post or Pier Foundation
- Slab Foundation
- Frame Construction
- Composition Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 1,925 Sq Ft Home
- 1-Story Property
Outdoor Features
- Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Wall Furnace
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for electricity, gas, water
- Tax Lot 7,6
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 12, 2018
Sold by
Daniels-Jones Deiatra A and Jones David Lee
Bought by
Current Estimated Value
Purchase Details
Closed on
Sep 22, 2009
Sold by
Williams Melba Marie
Bought by
Daniels Deiatra A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,642
Interest Rate
5.36%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Leonidas, LA
-
Stephanie Morris
-
Zachary Russell
Zachary Russell
REVE, REALTORS
(504) 384-8094
56 Total Sales
3 in Leonidas
$169,000 Price Range
-
Trey Miley
Trey Miley
1 Percent Lists Legacy
(985) 214-2819
249 Total Sales
3 in Leonidas
$287,500 Price Range
-
DAVID WOLF
DAVID WOLF
Compass Uptown-Maple St
(504) 677-8510
17 Total Sales
3 in Leonidas
$290,000 Price Range
-
DAVID TOSO
DAVID TOSO
Freret Realty
(504) 677-8204
68 Total Sales
6 in Leonidas
$270K - $569K Price Range
-
Brittny McKay
Brittny McKay
Brittny McKay Real Estate
(504) 470-0914
75 Total Sales
3 in Leonidas
$295,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $91,100 | None Available | ||
| Daniels Deiatra A | $102,500 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $100,642 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2026 02/27/26 | Sold | -- | -- | -- | |
| 12/23/2025 12/23/25 | Pending | -- | -- | -- | |
| 12/08/2025 12/08/25 | For Sale | $359,000 | 0.0% | $186 / Sq Ft | |
| 11/24/2025 11/24/25 | Pending | -- | -- | -- | |
| 11/19/2025 11/19/25 | For Sale | $359,000 | +209.7% | $186 / Sq Ft | |
| 11/30/2018 11/30/18 | Sold | -- | -- | -- | View Prior Sale |
| 10/31/2018 10/31/18 | Pending | -- | -- | -- | |
| 06/04/2018 06/04/18 | For Sale | $115,900 | -- | $127 / Sq Ft |
Source: New Orleans Metropolitan Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,511 | $26,600 | $5,400 | $21,200 |
| 2024 | $3,564 | $26,600 | $5,400 | $21,200 |
| 2023 | $1,489 | $27,400 | $3,240 | $24,160 |
| 2022 | $1,489 | $10,580 | $3,240 | $7,340 |
| 2021 | $1,579 | $10,970 | $3,240 | $7,730 |
| 2020 | $1,595 | $10,970 | $3,240 | $7,730 |
| 2019 | $1,413 | $9,350 | $1,620 | $7,730 |
| 2018 | $1,441 | $9,350 | $1,620 | $7,730 |
| 2017 | $1,376 | $9,350 | $1,620 | $7,730 |
| 2016 | $1,419 | $9,350 | $1,620 | $7,730 |
| 2015 | $1,390 | $9,350 | $1,620 | $7,730 |
| 2014 | -- | $10,390 | $1,620 | $8,770 |
| 2013 | -- | $10,390 | $1,620 | $8,770 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Smith
Seller's Agent in 2026
Chris Smith
Keller Williams Realty New Orleans
(504) 231-2004
25 in this area
569 Total Sales
-
Thomas Flatley
Buyer's Agent in 2026
Thomas Flatley
Keller Williams Realty New Orleans
(504) 497-5994
3 in this area
51 Total Sales
-
Rob White
RW
Seller's Agent in 2018
Rob White
Rob White Realty, LLC
(504) 897-2445
1 in this area
130 Total Sales
Map
Source: New Orleans Metropolitan Association of REALTORS®
MLS Number: NO2531730
APN: 7-16-2-063-05
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