$245,000

Estimated payment $1,507/month

Total Views 5,599
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

Earns $3000 a month in rent - High Cap Rate Gentilly Multifamily Investment in Great Condition - Enjoy steady income from two units in the high demand Gentilly area.

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 as an investor sells to downsize his portfolio and you can build yours!

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: 03/28/2025

Berkshire Hathaway HomeServices Preferred, REALTOR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,984

Year Built

  • Built in 1944

Lot Details

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

Parking

  • Driveway

Home Design

  • Duplex
  • 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

Est. Annual Taxes

$1,984

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 2007 and the other in 2025. Both units are in great condition however,
  • 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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Change Sq Ft Price
03/28/2025 03/28/25 For Sale $245,000 +58.1% $167 / Sq Ft
02/12/2016 02/12/16 Sold -- -- --
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 $124,156 New Conventional
Closed $127,500 New Conventional
Closed $122,906 Future Advance Clause Open End Mortgage
Source: Public Records

Similar Homes in the area

  • 5328 Eastern St, New Orleans, LA 70122

    $190,000

    • 4 Beds
    • 2 Baths
    • 1,770 Sq Ft
    • 5328 Eastern St
    • New Orleans, LA

    This charming double sits on a spacious corner lot and offers off-street parking—a rare find! With a little TLC, this property can easily be brought back into full commerce. Each unit features 2 bedrooms and 1 bathroom, with a mix of original hardwood flooring and updated ceramic tile. The roof is only 4 years old, providing peace of mind for years to come. Both sides include indoor laundry rooms

    Nichell Thompson Keller Williams Realty New Orleans

    Section Image
  • 1612 14 N Broad St, New Orleans, LA 70119

    $230,000

    • 5 Beds
    • 4 Baths
    • 3,415 Sq Ft
    • 1612 14 N Broad St
    • New Orleans, LA

    INVESTORS, INVESTORS!!!!!! HUGH REDUCTION!!!!!! WILL NOT LAST LONG.Great double or tri-plex, downstair on right side could be use as a down apartment or could be use as a nursery with separate entry, has great potential, has beautiful hardwood floors thought out, newly built kitchen cabinets, granite countertops, some renovations has been completed, one side has 12 ft ceilings and the

    CHERRIE AMBROSE Greater Horizon Realty

    Section Image
  • 1721 France St, New Orleans, LA 70117

    $225,000

    • 6 Beds
    • 4 Baths
    • 1,675 Sq Ft
    • 1721 France St
    • New Orleans, LA

    6 Bedroom Double in St. Claude Area - 3 Bedroom 1 Bath on each side, street parking, w/d hookups, central heat and air, fenced yard, three closets, refrigerator, stove, four ceiling fans, carpet and laminate flooring. Renovated in 2019 , 1723 updated in 2022. ***Motivated seller. ****Owner financing Available

    Kokoa Brumfield Generational Wealth Builders Real Estate LLC

    Section Image
  • 2612 Orleans Ave, New Orleans, LA 70119

    $225,000

    • 3 Beds
    • 2 Baths
    • 1,236 Sq Ft
    • 2612 Orleans Ave
    • New Orleans, LA

    Live in the heart of culture and history! This charming 3-bedroom, 2-bathroom home in Historic Treme offers a perfect blend of classic New Orleans architecture and modern finishes. Once a double, this property has been converted into a single-family home, but is still zoned for a double — giving future owners flexibility and value.Highlights Include:Sleek countertopsBeautiful

    Jiarra Rayford Rayford Realty NOLA LLC

    Section Image
  • 55 Toulouse St, New Orleans, LA 70130

    $195,000

    • 6 Beds
    • 2 Baths
    • 1,926 Sq Ft
    • 55 Toulouse St
    • New Orleans, LA

    CONVENIENTLY LOCATED JUST OFF THE LAFITTE GREENWAY, SOLIDLY IN THE MIDCITY/ST. JOHN VILLAGE NEIGHBORHOOD. MANY HOMES ARE IMPROVED OR BEING IMPROVED ALSO NEW BUILDS ARE OCCURRING WHERE LOTS AREAVAILABLE. THE WHOLE FOODS MARKET, PARKWAY BAKERY AND TAVERN, OTHER RESTAURANTS, BANKS, AND ALSO FAST-FOOD EATERIES ARE AVAILABLE IN THE NEIGHBORHOOD. ESTIMATED RENT IS $1500-$1600 PER SIDE MAKING THIS A

    Frank Williams eXp Realty, LLC

    Section Image
  • 435 S Dupre St, New Orleans, LA 70119

    $268,000

    • 4 Beds
    • 4 Baths
    • 2,095 Sq Ft
    • 435 S Dupre St
    • New Orleans, LA

    Large Victorian building ready to renovate! Located by medical facility CBD, Whole Foods and just three blocks to Canal St. New roof replaced in 2024, all under plywood replaced, new attic ventilation system added, turbines and attic vents per owner. The first floor is gutted, giving you the opportunity to rebuild to fit your vision. Upstairs 2-bedroom apartment allows for extra income potential

    Brittany Picolo Ramos Keller Williams Realty New Orleans

    Section Image
  • 2450 52 Copernicus St, New Orleans, LA 70114

    $265,000

    • 4 Beds
    • 4 Baths
    • 2,628 Sq Ft
    • 2450 52 Copernicus St
    • New Orleans, LA

    Income producing duplex with comparable units in the area validating potential rent increase. The double sits on an oversized lot that has an additional lot located behind the duplex. Relax on your back porch with a fenced in spacious backyard that is directly connected to your kitchen. The fenced in front yard offers peace of mind when walking to your personal parking spot with quick and direct

    Christian Galvin Christian Shane Properties

    Section Image
  • 514 16 Monticello Ave, Jefferson, LA 70121

    $249,000

    • 3 Beds
    • 2 Baths
    • 1,581 Sq Ft
    • 514 16 Monticello Ave
    • Jefferson, LA

    Charming 2 unit cottage in Old Jefferson just down the street from Oak St and all that it offers. Covered porch and a 1-car carport with shed. Roof was replaced 1 year ago. Larger owner's unit with approximately 1100 sq ft and a smaller income-producing unit with approximately 550 sq ft. Both units are occupied with long term tenants.

    John Rareshide RE/MAX N.O. Properties

    Section Image
  • 2700 Clover St, New Orleans, LA 70122

    $249,000

    • 4 Beds
    • 3 Baths
    • 1,680 Sq Ft
    • 2700 Clover St
    • New Orleans, LA

    Must See Gentilly Duplex. Excellent Investment Opportunity for investor or owner occupant. This 4 bedroom, 3 bath corner lot duplex features updated kitchens, granite countertops, tile flooring, island and much more. Take advantage of the detached bonus space already framed and ready for sheetrock to be converted and leased as a 3rd unit, mother in law suite or man cave, endless possibilities.

    Elaine Darensburg Duhon Realty LLC

    Section Image

Source: ROAM MLS

MLS Number: 2494017

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