503 05 3rd St New Orleans, LA 70130
Irish Channel NeighborhoodEstimated payment $2,866/month
Highlights
- Traditional Architecture
- Central Heating and Cooling System
- Fenced
- Courtyard
- Property is in very good condition
- 4-minute walk to Burke Playground
About This Home
Charming Irish Channel duplex offering income potential in one of New Orleans’ most desirable neighborhoods! Great opportunity for owner-occupant or investor—live in one side while your tenant helps pay the mortgage. The front two-story unit features 2 BR/1.5 BA with fresh coat of paint, slow-close cabinets, new fixtures, and lighting. The patio unit offers 2 BR/1 BA with new flooring, vanity, and kitchen improvements—move-in ready! Major upgrades include a new roof (2024), foundation and column repairs. The private courtyard provides space for entertaining. Fantastic walkable location near Magazine Street restaurants, bars, and shops, with quick access to Tchoupitoulas, the Garden District, and the French Quarter. A turnkey double in one of New Orleans’ most desirable neighborhoods! **Unit 505 is currently receiving $1700/mnth on a month to month basis (Lease has expired).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,016
Year Built
- Built in 2015
Lot Details
- Lot Dimensions are 16x104
- Fenced
- Property is in very good condition
Home Design
- Duplex
- Traditional Architecture
- Raised Foundation
- Asphalt Roof
- Hardboard
Interior Spaces
- 1,577 Sq Ft Home
- Property has 2 Levels
Utilities
- Central Heating and Cooling System
- Internet Available
Additional Features
- Courtyard
- Outside City Limits
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 501-3RDST
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 | $5,016 | $38,000 | $5,820 | $32,180 |
| 2024 | $4,435 | $32,700 | $5,820 | $26,880 |
| 2023 | $2,987 | $29,380 | $2,500 | $26,880 |
| 2022 | $2,987 | $28,040 | $2,500 | $25,540 |
| 2021 | $3,247 | $29,380 | $2,500 | $26,880 |
| 2020 | $2,742 | $25,690 | $2,500 | $23,190 |
| 2019 | $2,845 | $25,690 | $2,500 | $23,190 |
| 2018 | $2,900 | $25,690 | $2,500 | $23,190 |
| 2017 | $2,755 | $25,690 | $2,500 | $23,190 |
| 2016 | $1,777 | $18,690 | $2,000 | $16,690 |
| 2015 | $1,742 | $18,690 | $2,000 | $16,690 |
| 2014 | -- | $18,690 | $2,000 | $16,690 |
| 2013 | -- | $18,690 | $2,000 | $16,690 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2025 10/07/25 | For Sale | $460,000 | -- | $292 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | No Value Available |
Source: Gulf South Real Estate Information Network
MLS Number: 2525163
APN: 4-11-1-033-06
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