2808 Philip St New Orleans, LA 70113
Central City NeighborhoodEstimated payment $5,765/month
Highlights
- Central Heating and Cooling System
- Property is in excellent condition
- Rectangular Lot
About This Home
2808 – 2814 Philip Street in New Orleans includes two adjacent newly constructed residential buildings. The buildings encompass approximately 6,052 sf and are set up for shared housing/co-living. The property contains 18 bedroom-style units, eight units contain en-suite baths and ten units have shared baths (12 total baths). The property is divided into four flats – there are four kitchens and living areas shared by residents.
The property is fully occupied and has averaged approximately 98% occupancy over the trailing 12 month period. The average rental rate is $776/month per bedroom. 2808-2814 Philip Street provides “naturally occurring affordable housing” – rents are affordable to those earning less than 50% of the Area Median Income (AMI) and there are no subsidies or use restrictions on the property. The property will be sold furnished.
The property is operated via a pass-through lease agreement with PadSplit. PadSplit provides affordable housing through shared house rentals and operates the leading affordable shared housing online platform in the United States. The PadSplit lease agreement is assignable to the new owner.
The property is strategically located in the Central City neighborhood of New Orleans – it is one block from Claiborne Avenue and less than one mile from the Superdome and Central Business District.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,485
Year Built
- Built in 2021
Lot Details
- Rectangular Lot
- Property is in excellent condition
Home Design
- Quadruplex
- Raised Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 6,052 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 18 Bedrooms
- 12 Full Bathrooms
Additional Features
- City Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 412305915
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 | $6,485 | $49,130 | $2,640 | $46,490 |
| 2024 | $6,583 | $49,130 | $2,640 | $46,490 |
| 2023 | $5,910 | $42,000 | $1,320 | $40,680 |
| 2022 | $5,910 | $42,000 | $1,320 | $40,680 |
| 2021 | $190 | $1,320 | $1,320 | $0 |
| 2020 | $192 | $1,320 | $1,320 | $0 |
| 2019 | $199 | $1,320 | $1,320 | $0 |
| 2018 | $203 | $1,320 | $1,320 | $0 |
| 2017 | $194 | $1,320 | $1,320 | $0 |
| 2016 | -- | $1,320 | $1,320 | $0 |
| 2015 | -- | $1,320 | $1,320 | $0 |
| 2014 | -- | $1,320 | $1,320 | $0 |
| 2013 | -- | $1,320 | $1,320 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | For Sale | $938,000 | -- | $155 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $150 | Monarch Title Llc | |
| Quit Claim Deed | $150 | None Available | |
| Warranty Deed | $29,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $748,000 | New Conventional |
Source: ROAM MLS
MLS Number: 2508697
APN: 4-12-3-059-15
