2714 N Galvez St New Orleans, LA 70117
Saint Claude NeighborhoodEstimated payment $3,391/month
Highlights
- Traditional Architecture
- Property is in excellent condition
- Wood Siding
- Balcony
- Fenced
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!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,992
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
- Concrete Siding
- Block Exterior
Interior Spaces
- 5,252 Sq Ft Home
- Property has 2 Levels
- Window Screens
Parking
- Parking Lot
- Off-Street Parking
Utilities
- Ductless Heating Or Cooling System
- Window Unit Cooling System
- Window Unit Heating System
- Internet Available
Additional Features
- Balcony
- Outside City Limits
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 701172714NGalvezST12
Map
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 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/08/2025 09/08/25 | Price Changed | $598,999 | -0.2% | $114 / Sq Ft | |
| 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 | |
| 10/29/2024 10/29/24 | 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 | -- | -- | -- | View Prior Sale |
| 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 | -- | -- | -- | View Prior Sale |
| 05/22/2018 05/22/18 | Pending | -- | -- | -- | |
| 04/04/2018 04/04/18 | For Sale | $1,199,999 | -- | $258 / Sq Ft |
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 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $50,000,000 | Construction | |
| Previous Owner | $500,000 | No Value Available |
Source: Gulf South Real Estate Information Network
MLS Number: 2467261
APN: 3-9W-5-067-13
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