$550,000
$49K PRICE DROP

4520 Downman Rd New Orleans, LA 70126

Pines Village Neighborhood

Estimated payment $3,211/month

Total Views 1,720
-- Bed
-- Bath
5,462 Sq Ft
$101 Price per Sq Ft

Highlights

  • 0.49 Acre Lot
  • Oversized Lot
  • Asbestos

About This Home

100% occupied, cash flow positive with land to add value in the way of new improvements or immediate start storing equipment or vehicles. Sale includes three residential units and three commercial units. Zoned Light Industrial with many permitted uses. Current commercial tenant mix: Phone store, Hair Salon, and Nail Salon. They are all long term. Phone store operator signed a new lease recently with escalations. Hair salon and Nail salon operators are month to month. Property has over 20,000 sq/ft gravel lot located in the rear of structures. The buildings have newer roofs, all have central air/heat. Some appliances are included in sale. Residential units have been HANO approved for many years.

Listing Agent

Jared Zeller

Keller Williams Realty New Orleans License #995691614 Listed on: 11/25/2024

Keller Williams Realty New Orleans

Co-Listing Agent

Steven Flynn

Keller Williams Realty New Orleans License #995703619

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,573

Year Built

  • Built in 1950

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 100x301
  • Oversized Lot
  • Zoning described as S-B2

Home Design

  • Brick Exterior Construction
  • Asbestos

Interior Spaces

  • 5,462 Sq Ft Home
  • Property has 2 Levels
  • Living Quarters

Parking

  • 3 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Location

  • City Lot

Listing and Financial Details

  • The owner pays for insurance, taxes
  • Tax Lot G-20-
  • Assessor Parcel Number 39W921503

Property Details

Property Type

Other

Est. Annual Taxes

$2,573

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.4937
  • Lot Size: 100x301
  • Co List Office Mls Id: KEWI01
  • Co List Office Phone: (504) 862-0100
  • Directions: Chef Hwy to Downman Rd and turn toward the lake. Property on the left
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Mixed Use, None, Retail
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 2

Interior Features

  • Owner Pays: Insurance, Taxes
  • Living Area: 5462.0

Exterior Features

  • Lot Features: City Lot, Oversized Lot
  • Construction Type: Asbestos, Brick Veneer, Concrete
  • Other Structures: Living Quarters

Garage/Parking

  • Parking Features: Off Street, Parking Lot, Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 39W921503
  • Zoning Description: S-B2
  • Zoning: S-B2

Rental Info

  • Tenant Pays: All Utilities, Janitorial Service

Multi Family

  • Annual Gross Income: 6585.0

Tax Info

  • Tax Lot: G-20-

Map

Range of Values:

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Average Value
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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 $2,573 $19,490 $7,590 $11,900
2024 $2,611 $19,490 $7,590 $11,900
2023 $1,715 $15,870 $7,590 $8,280
2022 $1,715 $12,190 $7,590 $4,600
2021 $1,755 $12,190 $7,590 $4,600
2020 $1,772 $12,190 $7,590 $4,600
2019 $1,981 $13,110 $7,590 $5,520
2018 $2,020 $13,110 $7,590 $5,520
2017 $1,929 $13,110 $7,590 $5,520
2016 $1,990 $13,110 $7,590 $5,520
2015 $1,949 $13,110 $7,590 $5,520
2014 -- $13,110 $7,590 $5,520
2013 -- $13,110 $7,590 $5,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2024 12/12/24 Price Changed $550,000 -8.2% $101 / Sq Ft
11/25/2024 11/25/24 For Sale $599,000 -- $110 / Sq Ft
Source: ROAM MLS

Source: ROAM MLS

MLS Number: 2476742

APN: 3-9W-9-215-03

Louisiana Orleans Parish New Orleans 70126 Pines Village

4520 Downman Rd, New Orleans, LA

This home is located at 4520 Downman Rd, New Orleans, LA 70126 and is currently priced at $550,000, approximately $100 per square foot. This property was built in 1950. 4520 Downman Rd is a home located in Orleans Parish with nearby schools including KIPP East Community Primary, Mary Bethune Elementary School, and Mildred Osborne Charter School.

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Jared Zeller
Listing Agent
Jared Zeller
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Keller Williams Realty New Orleans
(504) 676-5296