$599,000

23 Alvar St New Orleans, LA 70126

Desire Area Neighborhood

Estimated payment $3,879/month

Total Views 116
8 Beds
4 Baths
3,095 Sq Ft
$194 Price per Sq Ft

Highlights

  • Shotgun Architecture
  • Porch
  • Property is in very good condition
  • Balcony
  • ENERGY STAR Qualified Water Heater
  • Fenced

About This Home

The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.

Listing Agent

Jacob Freedman

FQR Realtors License #NOM:995703560 Listed on: 08/05/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024

Lot Details

  • Lot Dimensions are 33' x 119'
  • Fenced
  • Property is in very good condition

Home Design

  • Quadruplex
  • Shotgun Architecture
  • Slab Foundation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 3,095 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Outdoor Features

  • Balcony
  • Porch

Location

  • Outside City Limits

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • ENERGY STAR Qualified Water Heater
  • Internet Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 621-ALVARST

Property Details

Home Type

Multi-Family

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 4 Plex
  • Style: Shot Gun
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: SQ 133 LOT J 33 X119 621-23 ALVAR ST
  • Lp Amt Sq Ft: 193.54
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Unit Level: 1
  • Year Renovated: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 2024

Interior Features

  • Estimated Living Area: 3095
  • Total Sq Ft: 3095

Exterior Features

  • Pool Type: None
  • Exterior: Hardy Plank
  • ExteriorFeatures: Balcony, Fence, Porch
  • Foundation: Slab
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: None
  • Internet: Yes

Utilities

  • Air Conditioner: Window Unit
  • Electricity Provided By: Entergy
  • Gas Paid By: Tenant
  • Gas Type: Natural
  • Heating: Gas
  • Meter Set Up: Separate
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: No

Lot Info

  • Elevation Certificate: No
  • Lot Description: Regular
  • Lot Size: 33' x 119'
  • Parcel #: 621-ALVARST

Green Features

  • Energy Efficient Features: Water Heater
  • Green Building Cert Attached Y N: No

Rental Info

  • Electricity Paid By: Tenant
  • Lease Purchase Poss: No
  • Water Paid By: Owner

Multi Family

  • Total Bedrooms All Units: 8
  • Total Full Baths All Units: 4
  • Total Rent All Units: 4625
  • Total Units: 4
  • 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

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $599,000 -- $194 / Sq Ft
Source: Gulf South Real Estate Information Network

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Source: Gulf South Real Estate Information Network

MLS Number: 2515399

Gulf South Real Estate Information Network

Louisiana Orleans Parish New Orleans 70126 Desire Area

23 Alvar St, New Orleans, LA

This home is located at 23 Alvar St, New Orleans, LA 70126 and is currently priced at $599,000, approximately $193 per square foot. This property was built in 2024. 23 Alvar St is a home located in Orleans Parish with nearby schools including Mary Bethune Elementary School, Hynes Parkview, and Edward Hynes Charter School – Parkview Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Nearby Homes
Jacob Freedman
Listing Agent
Jacob Freedman
Section Image
FQR Realtors
(504) 438-3865