$649,000
$50K PRICE DROP

2851 53 Maurepas St New Orleans, LA 70119

Fairgrounds Neighborhood

Estimated payment $4,083/month

Total Views 3,379
8 Beds
4 Baths
3,244 Sq Ft
$200 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Rectangular Lot
  • Window Unit Cooling System
  • Property is in excellent condition
  • 2-minute walk to Stallings Gentilly Park

About This Home

SUPERB FAIRGROUNDS & BAYOU ST. JOHN LOCATION!!! INCOME $$$ PRODUCING 4 PLEX. Unbelievable Jazz Fest Location! Fully rented! ~ long term tenants in all four units w/ total current rent of $5,500 per month. Each unit features: living area/den, 2 bedrooms (shotgun style), 1 bath, large kitchen, & laundry. Top right & bottom right units both RENOVATED w/ central HVAC/split units!! Coveted X flood zone. Separate electric & gas meters, 1 water meter. Building is rich with charm & character!! Brand new roof and updated electrical system. EXCELLENT OPPORTUNITY!!

Listing Agent

Jacob Freedman

FQR Realtors License #995703560 Listed on: 01/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,669

Year Built

  • Built in 1937

Lot Details

  • Lot Dimensions are 31' x 79'
  • Fenced
  • Rectangular Lot
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,244 Sq Ft Home
  • Property has 2 Levels
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Window Unit Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 2851-MAUREPASST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,669

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 31' x 79'
  • Directions: TWO BLOCKS OFF OF ESPLANADE & TWO BLOCKS FAIRGROUNDS SIDE OF GENTILLY BLVD
  • Architectural Style: Traditional
  • Entry Level: 1
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale, Remodeled structural changes - all major mechanical systems i.e. HVAC,Renovated cosmetic changes of at least 50% total living area - i.e. paint. Brand new roof, updated electrical, two units have central air.
  • Year Built: 1937
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2
  • Year Built: 1937

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 3244.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Brick, Frame, Wood Siding
  • Exterior Features: Fence
  • Foundation Details: Raised, Slab
  • Property Condition: Excellent
  • Roof: Shingle

Garage/Parking

  • Parking Features: None

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Window Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 2851-MAUREPASST
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

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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 $7,669 $64,950 $7,350 $57,600
2024 $7,784 $64,950 $7,350 $57,600
2023 $5,890 $43,800 $4,900 $38,900
2022 $5,890 $41,860 $4,900 $36,960
2021 $6,305 $43,800 $4,900 $38,900
2020 $6,368 $43,800 $4,900 $38,900
2019 $2,417 $16,000 $730 $15,270
2018 $2,465 $16,000 $730 $15,270
2017 $2,354 $16,000 $730 $15,270
2016 $2,428 $16,000 $730 $15,270
2015 $2,379 $16,000 $730 $15,270
2014 -- $16,000 $730 $15,270
2013 -- $33,330 $730 $32,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Price Changed $649,000 -4.4% $200 / Sq Ft
03/09/2025 03/09/25 Price Changed $679,000 -2.9% $209 / Sq Ft
01/23/2025 01/23/25 For Sale $699,000 -- $215 / Sq Ft
Source: ROAM MLS

Purchase History

Date Type Sale Price Title Company
Sheriffs Deed $257,235 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Previous Owner $235,000 New Conventional
Source: Public Records

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Source: ROAM MLS

MLS Number: 2484065

APN: 3-7W-3-039-16

Louisiana Orleans Parish New Orleans 70119 Fairgrounds

2851 53 Maurepas St, New Orleans, LA

This home is located at 2851 53 Maurepas St, New Orleans, LA 70119 and is currently priced at $649,000, approximately $200 per square foot. This property was built in 1937. 2851 53 Maurepas St is a home located in Orleans Parish with nearby schools including Bricolage Academy, Homer Plessy French Quarter Community School, and Mary Bethune Elementary School.

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Jacob Freedman
Listing Agent
Jacob Freedman
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FQR Realtors
(504) 882-9299