1635 Third St New Orleans, LA 70130
Central City NeighborhoodEstimated payment $4,851/month
8
Beds
6
Baths
5,148
Sq Ft
$131
Price per Sq Ft
Highlights
- Victorian Architecture
- 1-minute walk to St Charles And 3Rd Street
- Porch
- Corner Lot
- Balcony
- Window Unit Cooling System
About This Home
SVN | Urban Properties is proud to present a rare Unfinished Redevelopment Opportunity at 1635 Third St.
On the edge of the Garden District—just one block from historic St. Charles Avenue—this classic 4-plex presents a unique opportunity for investors or developers looking to restore a high-potential income-producing property. Enjoy walkable access to Mardi Gras parades, the streetcar line, restaurants, and the best of Uptown living, with just minutes to the CBD, Warehouse District, and French Quarter.
Originally built in the 1860s and filled with New Orleans charm, the property features striking architectural details including 14-foot ceilings, hardwood floors, pocket doors, original stained-glass windows, and elegant fireplaces. All four units once blended historic character with modern amenities like central HVAC, private laundry, keyless locks, and updated kitchens.
The exterior siding is in good condition with fresh paint job, but the interior renovations remain unfinished—offering a blank canvas for value-add redevelopment. This is not a turnkey or move-in ready property; construction and updates will be needed to complete the project.
Previously configured as:
Unit 1 (Owner’s Unit): Expansive 4 bed / 3 bath occupying the second floor, once offered as a furnished luxury rental with updated HVAC, laundry, and kitchen
Unit 2: 1 bed / 1 bath with private laundry and thoughtful layout
Unit 3: 1 bed / 1 bath featuring stained-glass accents and a bay window overlooking Third Street
Unit 4: 2 bed / 1 bath with kitchenette and private balcony
All units have access to gracious porches or courtyards and are separately metered for electricity. A small garage offers storage or off-street parking for one vehicle. Owners also benefit from Garden District Association private security patrols.
Renovation likely qualifies for historic tax credits, offering a potential boost to your investment returns. Whether you're restoring to hold as a cash-flowing asset, converting to condominiums, or creating a one-of-a-kind owner-occupied compound with rental income, this is a rare chance to own and reimagine a historic property in one of New Orleans’ most desirable neighborhoods.
Contact Cullan Maumus at 504.376.4926 for more information or to schedule a private tour.
Listing Agent
Urban Properties Real Estate, LLC License #995698769 Listed on: 06/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,427
Year Built
- Built in 1900
Lot Details
- Corner Lot
- Property is in average condition
Parking
- 1 Parking Space
Home Design
- Quadruplex
- Victorian Architecture
- Raised Foundation
- Asphalt Shingled Roof
- Wood Siding
- Recycled Construction Materials
- HardiePlank Type
Interior Spaces
- 5,148 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
Outdoor Features
- Balcony
- Porch
Location
- City Lot
Utilities
- Window Unit Cooling System
- Central Air
- Two Heating Systems
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot LOT C
- Assessor Parcel Number 1635-3RDST
Map
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Home Values in the Area
Average Home Value in this Area
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 | $14,427 | $103,700 | $7,440 | $96,260 |
| 2024 | $10,171 | $72,070 | $7,440 | $64,630 |
| 2023 | $8,776 | $69,090 | $4,460 | $64,630 |
| 2022 | $8,776 | $65,860 | $4,460 | $61,400 |
| 2021 | $9,456 | $69,090 | $4,460 | $64,630 |
| 2020 | $10,791 | $76,770 | $4,460 | $72,310 |
| 2019 | $12,366 | $76,770 | $4,460 | $72,310 |
| 2018 | $12,596 | $76,770 | $4,460 | $72,310 |
| 2017 | $12,139 | $76,770 | $4,460 | $72,310 |
| 2016 | $12,497 | $76,770 | $2,980 | $73,790 |
| 2015 | $11,017 | $69,000 | $2,980 | $66,020 |
| 2014 | -- | $34,340 | $2,980 | $31,360 |
| 2013 | -- | $34,340 | $2,980 | $31,360 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | For Sale | $675,000 | -43.8% | $131 / Sq Ft |
| 02/02/2024 02/02/24 | Sold | -- | -- | -- |
| 10/03/2023 10/03/23 | For Sale | $1,200,000 | 0.0% | $233 / Sq Ft |
| 06/23/2021 06/23/21 | For Rent | $3,100 | 0.0% | -- |
| 06/23/2021 06/23/21 | Rented | $3,100 | +5.1% | -- |
| 07/07/2020 07/07/20 | Rented | $2,950 | -1.7% | -- |
| 06/07/2020 06/07/20 | Under Contract | -- | -- | -- |
| 05/21/2020 05/21/20 | For Rent | $3,000 | 0.0% | -- |
| 04/24/2014 04/24/14 | Sold | -- | -- | -- |
| 03/25/2014 03/25/14 | Pending | -- | -- | -- |
| 03/10/2014 03/10/14 | For Sale | $792,500 | -- | $147 / Sq Ft |
Source: ROAM MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $767,685 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,000 | New Conventional | |
| Previous Owner | $75,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in New Orleans, LA
Source: ROAM MLS
MLS Number: 2517194
APN: 4-12-1-056-01
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