$2,500,000
$200K PRICE DROP

3223 Third St New Orleans, LA 70125

Central City Neighborhood

Estimated payment $16,122/month

Total Views 3,965
44 Beds
24 Baths
14,750 Sq Ft
$169 Price per Sq Ft

Highlights

  • 0.49 Acre Lot
  • Central Heating
  • Property is in very good condition

About This Home

Owner Financing Available!
Turnkey 24-unit apartment complex ready for its next investor. The property includes 20 two-bedroom/one-bath units, 3 one-bedroom/one-bath units, and 1 studio. Each unit is individually metered for electricity and water. On-site security cameras and 24 assigned parking spaces add convenience and peace of mind for tenants.
Well-maintained and currently cash-flowing, with upside potential for increased returns.
Bring all offers! Seller offering a 90-day deferral with acceptable terms.

Listing Agent

Ross Talbot

Talbot Realty Group License #NOM:995709969 Listed on: 09/18/2024

Co-Listing Agent

Chris Talbot

Talbot Realty Group License #NOM:000075986

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 184 x 70
  • Property is in very good condition

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 14,750 Sq Ft Home
  • Property has 1 Level

Parking

  • Parking Lot
  • Off-Street Parking

Location

  • Outside City Limits

Utilities

  • Central Heating
  • Internet Available

Community Details

  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 3223-3rd St

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: Apartment Complex
  • Style: Other
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: SQ 426 LOTs B-C-D-E-F-G-H Third 182/106 X 100/80 VAR (22) UNITS FILE #13515
  • Lp Amt Sq Ft: 169.49
  • Building Stories: 3.00000
  • Unit Level: 1
  • Year Renovated: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1960

Interior Features

  • Estimated Living Area: 14750
  • Total Sq Ft: 14750

Exterior Features

  • Exterior: Brick
  • Foundation: Slab
  • Roof Type: Flat

Garage/Parking

  • Car Storage: Lot, Off Street Parking
  • Internet: Yes

Utilities

  • Air Conditioner: Both
  • Electricity Provided By: Entergy
  • Gas Type: None
  • Heating: Central
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Acres: 0.4900
  • Elevation Certificate: No
  • Lot Description: 1-5 Acres
  • Lot Size: 184 x 70
  • Parcel #: 3223-3rd St

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Lease Purchase Poss: No

Multi Family

  • Total Bedrooms All Units: 44
  • Total Full Baths All Units: 24
  • Total Rent All Units: 19829
  • Total Units: 24

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 Price Changed $2,500,000 -7.4% $169 / Sq Ft
09/18/2024 09/18/24 For Sale $2,700,000 -- $183 / Sq Ft
Source: Gulf South Real Estate Information Network

Source: Gulf South Real Estate Information Network

MLS Number: 2470864

Gulf South Real Estate Information Network

Louisiana Orleans Parish New Orleans 70125 Central City

3223 Third St, New Orleans, LA

This home is located at 3223 Third St, New Orleans, LA 70125 and is currently priced at $2,500,000, approximately $169 per square foot. This property was built in 1960. 3223 Third St is a home located in Orleans Parish with nearby schools including Wilson Charter School, Mary Bethune Elementary School, and Kipp Central City Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Gulf South Real Estate Information Network IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Ross Talbot
Listing Agent
Ross Talbot
Section Image
Talbot Realty Group
(504) 438-3790