$245,000

2653 Gladiolus St New Orleans, LA 70122

Gentilly Terrace Neighborhood

Estimated payment $1,454/month

Total Views 7,831
4 Beds
2 Baths
1,470 Sq Ft
$167 Price per Sq Ft

Highlights

  • Porch
  • Property is in very good condition
  • Wood Siding
  • Central Heating and Cooling System
  • Rectangular Lot
  • Property has 1 Level

About This Home

$36,000 a year in rent currently - High Earning Real Estate Investment - Enjoy steady income from two units in the high demand Gentilly area. This is a great investment opportunity for new and experienced investors. - Also excellent option for house hackers looking to owner occupy. - High Cap Rate Gentilly Multifamily Investment in Great Condition

2 blocks to the nearest bus stop and steps from Milne Playground and a short drive to UNO and SUNO. Take advantage of this opportunity to increase your investment portfolio with an easy to manage property.

Current tenants - one has lived here for 7 years and the other has a lease until Dec 2025, with the potential to continue his stay.
Low maintenance property with new roof and new central air, driveway parking and nice sized backyard.

Listing Agent

JESSICA BORDELON

Berkshire Hathaway HomeServices Preferred, REALTOR License #995699315 Listed on: 09/11/2025

Berkshire Hathaway HomeServices Preferred, REALTOR

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • Lot Dimensions are 40x120
  • Rectangular Lot
  • Property is in very good condition

Parking

  • Driveway

Home Design

  • Duplex
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof
  • Wood Siding
  • Shingle Siding
  • Shake Siding

Interior Spaces

  • 1,470 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Porch
  • City Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 38W305922

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 40x120
  • Entry Level: 1
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: One unit was updated in 2025. The other was updated 2015.
  • Year Built: 1944
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1
  • Year Built: 1944

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1470.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Shingle Siding, Shake Siding, Wood Siding
  • Exterior Features: Porch
  • Foundation Details: Raised
  • Patio And Porch Features: Porch
  • Property Condition: Very Good Condition
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway

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 #: 38W305922

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 $1,984 $15,030 $2,880 $12,150
2024 $2,014 $15,030 $2,880 $12,150
2023 $1,698 $12,600 $1,920 $10,680
2022 $1,698 $12,070 $1,920 $10,150
2021 $1,814 $12,600 $1,920 $10,680
2020 $1,832 $12,600 $1,920 $10,680
2019 $1,688 $11,170 $1,440 $9,730
2018 $1,721 $11,170 $1,440 $9,730
2017 $1,643 $11,170 $1,440 $9,730
2016 $1,695 $11,170 $1,440 $9,730
2015 $1,661 $11,170 $1,440 $9,730
2014 -- $11,170 $1,440 $9,730
2013 -- $11,170 $1,440 $9,730
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2025 09/11/25 For Sale $245,000 +58.1% $167 / Sq Ft
02/12/2016 02/12/16 Sold -- -- -- View Prior Sale
01/13/2016 01/13/16 Pending -- -- --
11/30/2015 11/30/15 For Sale $155,000 -- $106 / Sq Ft
Source: ROAM MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $64,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $122,906 Future Advance Clause Open End Mortgage
Source: Public Records

Source: ROAM MLS

MLS Number: 2520119

APN: 3-8W-3-059-22

Louisiana Orleans Parish New Orleans 70122 Gentilly Terrace

2653 Gladiolus St, New Orleans, LA

For Sale

MultiFamily

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JESSICA BORDELON
Listing Agent
JESSICA BORDELON
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Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 800-8709