$139,000
UNDER CONTRACT $11K PRICE DROP

5324 Franklin Ave New Orleans, LA 70122

Gentilly Terrace Neighborhood

Estimated payment $814/month

Total Views 366
0.11 Acre
-- Price per Acre
0 Sq Ft Lot

About This Lot

Highly visible, commercially zoned vacant land opportunity on Franklin Avenue. Situated in the Lake area neighborhood business district, this is a unique offering for a parcel with broad permitted use. Some of the many uses include: restaurant, retail, childcare, medical and dental.

Listing Agent

Ansley Garibaldi

Compass Uptown-Maple St (LATT28) License #995697430 Listed on: 09/02/2025

Compass Uptown-Maple St (LATT28)

Co-Listing Agent

Elizabeth Mcnulty

Compass Uptown-Maple St (LATT28) License #995689813

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $945

Lot Details

  • Lot Dimensions are 40 x 120
  • Rectangular Lot
  • Zoning described as S-B1

Location

  • City Lot

Listing and Financial Details

  • Legal Lot and Block 16-17 / 81
  • Assessor Parcel Number 38W408205

Property Details

Property Type

Land

Est. Annual Taxes

$945

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size: 40 x 120
  • Road Surface Type: Paved
  • Co List Office Mls Id: LATT28
  • Co List Office Phone: (504) 861-7575
  • Directions: https://www.google.com/maps/place/5324+Franklin+Ave,+New+Orleans,+LA+70122/@30.0128934,-90.0528677,433m/data=!3m1!1e3!4m6!3m5!1s0x8620a8e69e3970f1:0x2a63e59e47ed15a9!8m2!3d30.0128934!4d-90.0513871!16s%2Fg%2F11c28q936c?entry=ttu&g_ep=EgoyMDI1MDgyNS4wIKXMDS
  • Special Features: UnderContract
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: City Lot, Rectangular Lot

Utilities

  • Sewer: Public Sewer
  • Utilities: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Commercial, Residential
  • Parcel #: 38W408205
  • Zoning Description: S-B1
  • Zoning: S-B1

Tax Info

  • Tax Block: 81
  • Tax Lot: 16-17

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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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 $945 $7,160 $7,160 $0
2024 $959 $7,160 $7,160 $0
2023 $470 $3,340 $3,340 $0
2022 $470 $3,340 $3,340 $0
2021 $481 $3,340 $3,340 $0
2020 $486 $3,340 $3,340 $0
2019 $506 $3,350 $3,350 $0
2018 $516 $3,350 $3,350 $0
2017 $493 $3,350 $3,350 $0
2016 $508 $3,350 $3,350 $0
2015 $498 $3,350 $3,350 $0
2014 -- $3,350 $3,350 $0
2013 -- $3,350 $3,350 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2025 09/15/25 Price Changed $139,000 -7.3% --
09/02/2025 09/02/25 For Sale $150,000 -- --
Source: ROAM MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $228,000 --
Source: Public Records

Source: ROAM MLS

MLS Number: 2519426

APN: 3-8W-4-082-05

Louisiana Orleans Parish New Orleans 70122 Gentilly Terrace

5324 Franklin Ave, New Orleans, LA

This home is located at 5324 Franklin Ave, New Orleans, LA 70122 and is currently priced at $139,000. 5324 Franklin Ave is a home located in Orleans Parish with nearby schools including Audubon Gentilly, Pierre A. Capdau Charter School, and Pierre A. Capdau Charter School at Avery Alexander.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Ansley Garibaldi
Listing Agent
Ansley Garibaldi
Section Image
Compass Uptown-Maple St (LATT28)
(504) 285-2783