2933 Pine St New Orleans, LA 70125
Marlyville-Fontainebleau NeighborhoodEstimated payment $3,791/month
Highlights
- Shotgun Architecture
- Balcony
- Courtyard
- Corner Lot
- Porch
- 3-minute walk to Norwood Thompson Playground
About This Home
Welcome to 2933 Pine Street, a two-story 4-plex situated in the charming Fountainbleau area of New Orleans, right next to the esteemed Dominican High School. This property presents a phenomenal opportunity for both seasoned and budding investors. Listed by its owner/agent.
Built with symmetry and style, each of the four units mirrors its counterpart, offering a consistent and pleasing layout. The two ground-floor shotgun units feature 2 bedrooms and 2 bathrooms each, while the upper shotgun units mirror this configuration with one bath and a rear deck. All units boast modern conveniences, including washer and dryer hookups and central HVAC systems to ensure year-round comfort. Recent updates include a substantial renovation around 2015 and the addition of sleek hardwood floors in the lower units in 2018.
Currently, all four units are rented, generating stable income with the highest rent reaching $1,450 per month. One unit comes with off-street parking for one car. A detailed rent roll is available to prospective buyers, illustrating the property’s lucrative potential.
For investors looking to maximize their leverage, this property may be eligible for 3.5% down financing through FHA. Additionally, the seller is offering the possibility of financing the purchase via a bond for deed with attractive terms for the right buyer. Alternatively, you might choose to occupy one unit yourself and let the rental income from the other three cover your mortgage— a smart strategy for anyone looking to make their investment even more affordable.
Don’t miss out on this exceptional opportunity to own a piece of New Orleans’s vibrant real estate market. Whether you’re expanding your portfolio or stepping into the world of investment for the first time, 2933 Pine Street offers both a great opportunity and a touch of Southern charm.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2015
Lot Details
- 5,053 Sq Ft Lot
- Lot Dimensions are 42 x 120
- Corner Lot
- Property is in average condition
Home Design
- Quadruplex
- Shotgun Architecture
- Raised Foundation
- Asphalt Roof
- Vinyl Siding
- Stucco Exterior
Interior Spaces
- 3,908 Sq Ft Home
- Property has 2 Levels
- Laundry in unit
Parking
- 1 Parking Space
- Driveway
- Off-Street Parking
Outdoor Features
- Balcony
- Courtyard
- Porch
Location
- Outside City Limits
Utilities
- Central Heating and Cooling System
- Internet Available
Community Details
- 4 Units
- Not A Subdivision
Listing and Financial Details
- Assessor Parcel Number 2933-PINEST
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 | $6,669 | $50,530 | $7,560 | $42,970 |
| 2024 | $6,771 | $50,530 | $7,560 | $42,970 |
| 2023 | $6,311 | $47,000 | $4,030 | $42,970 |
| 2022 | $6,311 | $44,850 | $4,030 | $40,820 |
| 2021 | $5,441 | $37,800 | $4,030 | $33,770 |
| 2020 | $3,328 | $22,890 | $4,030 | $18,860 |
| 2019 | $3,458 | $22,890 | $4,030 | $18,860 |
| 2018 | $3,527 | $22,890 | $4,030 | $18,860 |
| 2017 | $3,368 | $22,890 | $4,030 | $18,860 |
| 2016 | $3,005 | $19,800 | $2,520 | $17,280 |
| 2015 | $2,944 | $19,800 | $2,520 | $17,280 |
| 2014 | -- | $19,800 | $2,520 | $17,280 |
| 2013 | -- | $19,800 | $2,520 | $17,280 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/03/2025 01/03/25 | For Sale | $615,000 | 0.0% | $157 / Sq Ft |
| 01/01/2025 01/01/25 | Off Market | -- | -- | -- |
| 10/28/2024 10/28/24 | For Sale | $615,000 | 0.0% | $157 / Sq Ft |
| 12/01/2023 12/01/23 | Rented | $1,295 | 0.0% | -- |
| 09/14/2023 09/14/23 | Price Changed | $1,295 | -7.2% | $1 / Sq Ft |
| 08/08/2023 08/08/23 | Price Changed | $1,395 | -6.7% | $2 / Sq Ft |
| 06/20/2023 06/20/23 | For Rent | $1,495 | +19.6% | -- |
| 06/10/2020 06/10/20 | Rented | $1,250 | 0.0% | -- |
| 05/11/2020 05/11/20 | Under Contract | -- | -- | -- |
| 04/08/2020 04/08/20 | For Rent | $1,250 | -- | -- |
Source: Gulf South Real Estate Information Network
MLS Number: 2473740
APN: 6-15-3-145-13
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