4820 Elysian Fields Ave New Orleans, LA 70122
Dillard NeighborhoodEstimated payment $3,750/month
Highlights
- Traditional Architecture
- Porch
- Central Heating and Cooling System
- Balcony
- Laundry Room
- Energy-Efficient Windows
About This Home
Incredible Investment Opportunity In Gentilly! Multi-Unit Property with 3 Unique Living Spaces – Fully Fenced Yard, Dual Driveways & Prime Location!
Welcome to this versatile and income-generating property offering three distinct residences on one expansive lot—great for investors, multi-generational families, or those seeking rental income potential! Main Residence (3BR/2BA + Dining Room | 2.5 Floors)
Step inside the beautifully updated main home featuring three spacious bedrooms and two full bathrooms, designed with both comfort and functionality in mind. The layout includes a formal dining room, great for entertaining, and a well-appointed kitchen with ample cabinet space. A true showstopper, the private top-floor master suite boasts vaulted ceilings, a full en-suite bathroom, and elevated privacy—your perfect retreat after a long day. Second Unit (Furnished 1BR/1BA Apartment)
Move-in ready and fully furnished, the second apartment is a charming one-bedroom, one-bath unit that offers cozy, modern living with great natural light. Great for short- or long-term rentals or a guest suite! Third Unit (Detached Efficiency | Private Entrance)
Tucked away in the rear of the property, the efficiency apartment offers a smart layout with its own private entrance, making it great for rental or home office. The fenced-in backyard adds privacy and outdoor enjoyment for tenants or owners alike. There is a full lot next to the home that is included in the sale—a rare opportunity for added space or future development. Additional Highlights:
• Two separate driveways – great off-street parking or tenant separation
• Fully fenced backyard – great for pets, gardening, or entertaining
• Turnkey income potential with three rentable units
• Flexible use: live in one unit and rent the others! This unique property is a rare gem offering a blend of privacy, versatility, and strong rental income potential. Schedule your showing today—opportunities like this don’t last long!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- Lot Dimensions are 60x75
- Fenced
- Property is in excellent condition
Parking
- Driveway
Home Design
- Traditional Architecture
- Entry on the 3rd floor
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
Interior Spaces
- 3,617 Sq Ft Home
- Property has 3 Levels
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Balcony
- Porch
Additional Features
- Energy-Efficient Windows
- City Lot
- Central Heating and Cooling System
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 37W505416
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 |
|---|---|---|---|---|
| 2024 | -- | $26,180 | $9,210 | $16,970 |
| 2023 | -- | $24,250 | $6,140 | $18,110 |
| 2022 | $2,229 | $24,250 | $6,140 | $18,110 |
| 2021 | $2,229 | $22,160 | $3,450 | $18,710 |
| 2020 | $2,229 | $22,160 | $3,450 | $18,710 |
| 2019 | $2,312 | $22,160 | $3,450 | $18,710 |
| 2018 | $2,356 | $22,160 | $3,450 | $18,710 |
| 2017 | $2,235 | $22,160 | $3,450 | $18,710 |
| 2016 | $2,304 | $22,160 | $3,450 | $18,710 |
| 2015 | -- | $22,160 | $3,450 | $18,710 |
| 2014 | -- | $22,160 | $3,450 | $18,710 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/14/2025 12/14/25 | For Sale | $599,000 | 0.0% | $166 / Sq Ft | |
| 07/15/2024 07/15/24 | Rented | $2,450 | 0.0% | -- | |
| 06/24/2024 06/24/24 | Under Contract | -- | -- | -- | |
| 05/08/2024 05/08/24 | For Rent | $2,450 | +63.3% | -- | |
| 03/12/2023 03/12/23 | Rented | $1,500 | 0.0% | -- | |
| 02/21/2023 02/21/23 | Price Changed | $1,500 | +7.1% | $3 / Sq Ft | |
| 02/21/2023 02/21/23 | Price Changed | $1,400 | -6.7% | $2 / Sq Ft | |
| 02/19/2023 02/19/23 | For Rent | $1,500 | 0.0% | -- | |
| 10/12/2021 10/12/21 | Sold | -- | -- | -- | View Prior Sale |
| 09/12/2021 09/12/21 | Pending | -- | -- | -- | |
| 07/16/2021 07/16/21 | For Sale | $375,000 | -- | $156 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $318,400 | Title Depot Of Louisiana Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $410,590 | Commercial |
Source: ROAM MLS
MLS Number: 2534623
APN: 3-7W-5-054-16
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