401 03 N Tonti St New Orleans, LA 70119
Tulane-Gravier NeighborhoodEstimated payment $1,961/month
Total Views
1,308
2
Beds
2
Baths
1,742
Sq Ft
$181
Price per Sq Ft
Highlights
- Traditional Architecture
- 4-minute walk to Canal And Tonti
- Central Heating and Cooling System
- Corner Lot
- Enhanced Accessible Features
- 4-minute walk to Lafitte Greenway
About This Home
Exceptional investment opportunity or ideal for an Owner-Occupant with rental income! This newer construction duplex in the heart of Mid-City offers the perfect blend of convenience, income potential, and low maintenance. Located just one block from the best stretch of the Lafitte Greenway, three blocks from Canal Street and the LSU/VA Medical Center, and a short stroll to neighborhood favorites like Flower Moon Bagels and Whole Foods—this location truly delivers.Each unit features 1 bedroom/1 bathroom and a spacious open floor plan with well-appointed kitchens including granite countertops and stainless appliances, private bedrooms with generous closets, 9' ceilings, laminate flooring, and washer/dryer connections. Additional highlights include off-street parking, a cute yard, and a low-maintenance exterior—making this a smart, turnkey investment. Additional outside storage unit. For added peace of mind, the seller will install a brand new FORTIFIED Roof prior to closing.Whether you're looking to live in one unit while generating income from the other, or seeking a strong addition to your rental portfolio, this property checks all the boxes.Also available as a package with the neighboring duplex at 405-07 N. Tonti (MLS# 2497056). Invest in your future—Mid-City is calling!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,474
Year Built
- Built in 2020
Lot Details
- Lot Dimensions are 29 x 65
- Corner Lot
- Property is in very good condition
Parking
- Driveway
Home Design
- Duplex
- Traditional Architecture
- Slab Foundation
- Shingle Roof
- Hardboard
Interior Spaces
- 1,742 Sq Ft Home
- Property has 1 Level
- Laundry in unit
Additional Features
- Enhanced Accessible Features
- Outside City Limits
- Central Heating and Cooling System
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 206203213
Map
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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 | $3,474 | $26,320 | $4,150 | $22,170 |
| 2024 | $3,527 | $26,320 | $4,150 | $22,170 |
| 2023 | $1,943 | $14,390 | $2,830 | $11,560 |
| 2022 | $1,943 | $13,810 | $2,830 | $10,980 |
| 2021 | $2,071 | $14,390 | $2,830 | $11,560 |
| 2020 | $2,092 | $14,390 | $2,830 | $11,560 |
| 2019 | $1,254 | $8,300 | $850 | $7,450 |
| 2018 | $1,279 | $8,300 | $850 | $7,450 |
| 2017 | $1,221 | $8,300 | $850 | $7,450 |
| 2016 | $1,260 | $8,300 | $850 | $7,450 |
| 2015 | $1,234 | $8,300 | $850 | $7,450 |
| 2014 | -- | $5,000 | $760 | $4,240 |
| 2013 | -- | $5,000 | $760 | $4,240 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Price Changed | $315,000 | -4.3% | $181 / Sq Ft |
| 05/07/2025 05/07/25 | Price Changed | $329,000 | -2.9% | $189 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $339,000 | -- | $195 / Sq Ft |
Source: Gulf South Real Estate Information Network
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $716,360 | Future Advance Clause Open End Mortgage |
Source: Public Records
Similar Homes in the area
Source: Gulf South Real Estate Information Network
MLS Number: 2497054
APN: 2-06-2-032-13
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