$599,999
$150K PRICE DROP

2714 N Galvez St New Orleans, LA 70117

Saint Claude Neighborhood

Estimated payment $3,572/month

Total Views 2,053
12 Beds
6 Baths
5,252 Sq Ft
$114 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Ductless Heating Or Cooling System
  • Fenced
  • Balcony
  • Property is in excellent condition
  • Wood Siding

About This Home

1031 Exchange or as a Cash Cow!

This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month — well below market value — creating an exceptional opportunity for investors to maximize rental income.

Section 8 Rent Potential:
1 Bedroom Units: $1,149/month each x 2 units = $2,298/month
2 Bedroom Units: $1,362/month each x 2 units = $2,724/month
3 Bedroom Units: $1,750/month each x 2 units = $3,500/month
Total Potential Section 8 Income: $8,522/month
That’s a $102,264/year potential income!

Key Features:
Fully Renovated in 2023 from the studs up
Professionally Managed, cash-flowing Section 8 rental
Upstairs Units: 2 x 3-bedroom, 1-bath units with updated kitchens, hardwood floors, and open floor plans
Downstairs Units: 4 units — 2 x 2-bedroom, 1-bath and 2 x 1-bedroom, 1-bath units, each with separate water & electricity meters and central air
Ample Storage space throughout the building
This is your chance to own a premium investment property that is cash-flowing and poised for growth. Whether you're looking for steady monthly income or a 1031 Exchange opportunity, this property is a standout.

Bonus: Seller Financing & Bond for Deed Friendly!
This turnkey property won’t last long!

Owner/Agent is a licensed real estate professional.

Don’t miss out – schedule a viewing today!

Listing Agent

Justin Lee

Fleur De Lee Realty, LLC License #995714278 Listed on: 09/18/2024

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,992

Year Built

  • Built in 1960

Lot Details

  • 4,996 Sq Ft Lot
  • Fenced
  • Irregular Lot
  • Property is in excellent condition

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 5,252 Sq Ft Home
  • Property has 2 Levels
  • Window Screens

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Wall Furnace
  • Window Unit Heating System

Additional Features

  • Balcony
  • City Lot

Community Details

  • 6 Units

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 701172714NGalvezST12

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,992

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1147
  • Lot Size: 30X124,24X31
  • Architectural Style: Traditional
  • Entry Level: 2
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1960
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Apartment
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 12
  • Living Area: 5252.0
  • Window Features: Screens
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: City Lot, Irregular Lot
  • Home Warranty: No
  • Construction Type: Block, Concrete, Wood Siding
  • Exterior Features: Balcony, Fence
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony
  • Property Condition: Excellent
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street, Parking Lot

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Ductless, Window Unit, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701172714NGalvezST12
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Lot: 12

Map

Range of Values:

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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 $2,992 $22,670 $1,500 $21,170
2024 $3,038 $22,670 $1,500 $21,170
2023 $3,739 $22,040 $870 $21,170
2022 $3,739 $26,570 $870 $25,700
2021 $1,144 $7,950 $870 $7,080
2020 $1,156 $7,950 $870 $7,080
2019 $1,201 $7,950 $870 $7,080
2018 $167 $7,950 $870 $7,080
2017 $145 $7,950 $870 $7,080
2016 $147 $7,950 $870 $7,080
2015 $691 $4,650 $870 $3,780
2014 -- $7,000 $870 $6,130
2013 -- $7,000 $870 $6,130
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Price Changed $599,999 -4.0% $114 / Sq Ft
01/08/2025 01/08/25 Price Changed $624,999 -3.8% $119 / Sq Ft
12/11/2024 12/11/24 Price Changed $649,999 -7.1% $124 / Sq Ft
10/30/2024 10/30/24 Price Changed $699,999 -6.7% $133 / Sq Ft
09/18/2024 09/18/24 For Sale $750,000 +159.5% $143 / Sq Ft
04/11/2022 04/11/22 Sold -- -- --
03/12/2022 03/12/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $289,000 -75.9% $55 / Sq Ft
06/21/2018 06/21/18 Sold -- -- --
05/22/2018 05/22/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $1,199,999 -- $258 / Sq Ft
Source: ROAM MLS

Purchase History

Date Type Sale Price Title Company
Deed -- Southern Title
Cash Sale Deed $88,000 Second Line Title Llc
Warranty Deed $20,000 --
Warranty Deed $15,000 --
Warranty Deed $165,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $511,000 New Conventional
Open $50,000,000 Construction
Closed $50,000,000 Construction
Previous Owner $500,000 No Value Available
Source: Public Records

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Source: ROAM MLS

MLS Number: 2467261

APN: 3-9W-5-067-13

Louisiana Orleans Parish New Orleans 70117 Saint Claude

2714 N Galvez St, New Orleans, LA

This home is located at 2714 N Galvez St, New Orleans, LA 70117 and is currently priced at $599,999, approximately $114 per square foot. This property was built in 1960. 2714 N Galvez St is a home located in Orleans Parish with nearby schools including Mary Bethune Elementary School, Homer Plessy French Quarter Community School, and KIPP Leadership Primary.

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Nearby Homes
Listing Agent
Justin Lee
Section Image
Fleur De Lee Realty, LLC
(504) 419-1658