4488 Lafaye St New Orleans, LA 70122
Gentilly Terrace NeighborhoodEstimated payment $2,423/month
About This Home
Discover an excellent investment opportunity in the highly desirable Gentilly Terrace neighborhood. This well-maintained duplex offers reliable, stable rental income and the potential to grow your portfolio with a property that’s already performing or suited for owner-occupier. Each unit features three bedrooms, comfortable living spaces, and classic Gentilly charm. Located in one of New Orleans’ favorite residential communities, this property provides easy access to UNO, Dillard University, City Park, and major transit routes.
Whether you’re a seasoned investor or looking to begin building rental income, this Gentilly Terrace duplex delivers long-term potential.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2008
Lot Details
- 5,998 Sq Ft Lot
- Lot Dimensions are 50x120
- Corner Lot
- Property is in very good condition
Parking
- Driveway
Home Design
- Duplex
- Raised Foundation
- Shingle Roof
Interior Spaces
- 3,367 Sq Ft Home
- Property has 1 Level
- Laundry in unit
Location
- Outside City Limits
Utilities
- Window Unit Cooling System
- Window Unit Heating System
- Internet Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 38W401213
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 | $3,892 | $29,490 | $6,000 | $23,490 |
| 2024 | $3,951 | $29,490 | $6,000 | $23,490 |
| 2023 | $3,311 | $24,610 | $3,000 | $21,610 |
| 2022 | $3,311 | $23,530 | $3,000 | $20,530 |
| 2021 | $3,543 | $24,610 | $3,000 | $21,610 |
| 2020 | $3,578 | $24,610 | $3,000 | $21,610 |
| 2019 | $3,550 | $23,500 | $2,700 | $20,800 |
| 2018 | $3,621 | $23,500 | $2,700 | $20,800 |
| 2017 | $3,457 | $23,500 | $2,700 | $20,800 |
| 2016 | $3,567 | $23,500 | $2,700 | $20,800 |
| 2015 | $3,494 | $23,500 | $2,700 | $20,800 |
| 2014 | -- | $20,210 | $2,700 | $17,510 |
| 2013 | -- | $20,210 | $2,700 | $17,510 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/06/2025 12/06/25 | For Sale | $399,000 | 0.0% | $119 / Sq Ft |
| 11/01/2025 11/01/25 | Rented | $1,695 | 0.0% | -- |
| 10/24/2025 10/24/25 | Price Changed | $1,695 | -3.1% | $1 / Sq Ft |
| 10/02/2025 10/02/25 | For Rent | $1,750 | 0.0% | -- |
| 09/22/2023 09/22/23 | Rented | $1,750 | 0.0% | -- |
| 09/16/2023 09/16/23 | For Rent | $1,750 | -- | -- |
Source: Gulf South Real Estate Information Network
MLS Number: 2534165
APN: 3-8W-4-012-13
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