$615,000

Estimated payment $4,015/month

Total Views 5,881
7 Beds
5 Baths
3,711 Sq Ft
$166 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Porch
  • Property is in very good condition
  • Balcony
  • Central Heating and Cooling System
  • Fenced

About This Home

Stunning Lakeview Investment Opportunity!

This versatile property offers exceptional potential, whether you choose to live in the spacious main unit or rent out all three. The main house features a generous layout with 3 bedrooms, 3 full baths, and ample storage to meet your needs. A new roof was installed in 2022 for added peace of mind. All three units are currently tenant-occupied, generating a monthly rental income of $5,400. Each unit includes appliances, with three washer/dryer sets included in the sale. The property boasts a large covered patio. Off-street parking for all units. The main house benefits from a circle driveway, while the two rear units offer private parking with convenient alley access. Don’t miss this incredible investment property in the heart of Lakeview!

Listing Agent

KATIE O'LEARY

Crescent Sotheby's International License #NOM:995694346 Listed on: 01/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,304

Year Built

  • Built in 2017

Lot Details

  • Lot Dimensions are 50x145
  • Fenced
  • Property is in very good condition

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,711 Sq Ft Home
  • Property has 2 Levels
  • Laundry in unit

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Porch

Location

  • Outside City Limits

Utilities

  • Central Heating and Cooling System
  • Internet Available

Community Details

  • 3 Units
  • Lakeview Subdivision

Listing and Financial Details

  • Assessor Parcel Number 206410221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,304

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 3 Plex
  • Style: Traditional
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: SQ 71 LOTS 42 43, 25X145 EA A=LOWER B=UPPR, 6958A-6958B ORLEANS AVE
  • Lp Amt Sq Ft: 165.72
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 1.00000
  • Unit Level: 2
  • Year Renovated: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 2017

Interior Features

  • Estimated Living Area: 3711
  • Total Sq Ft: 3711

Exterior Features

  • Pool Type: None
  • Exterior: Brick, Vinyl Siding
  • ExteriorFeatures: Balcony, Fence, Porch
  • Foundation: Slab
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: Three or More, Off Street Parking
  • Internet: Yes

Utilities

  • Air Conditioner: Central
  • Electricity Provided By: Entergy
  • Gas Paid By: Tenant
  • Gas Type: Natural
  • Heating: Central
  • Meter Set Up: Separate
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Elevation Certificate: No
  • Lot Description: Regular
  • Lot Num: 42-3
  • Lot Size: 50x145
  • Parcel #: 206410221

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Electricity Paid By: Tenant
  • Lease Purchase Poss: No
  • Water Paid By: Owner

Multi Family

  • Total Bedrooms All Units: 7
  • Total Full Baths All Units: 5
  • Total Rent All Units: 5400
  • Total Units: 3
  • Unit Count: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $7,304 $54,200 $21,750 $32,450
2024 $7,262 $54,200 $21,750 $32,450
2023 $7,039 $50,580 $18,130 $32,450
2022 $7,039 $48,960 $18,130 $30,830
2021 $7,431 $50,580 $18,130 $32,450
2020 $7,216 $48,600 $14,500 $34,100
2019 $7,878 $51,250 $13,050 $38,200
2018 $8,032 $51,250 $13,050 $38,200
2017 $7,675 $51,250 $13,050 $38,200
2016 $7,904 $51,250 $13,050 $38,200
2015 $3,842 $25,000 $13,050 $11,950
2014 -- $25,000 $2,510 $22,490
2013 -- $25,000 $2,510 $22,490
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2025 01/16/25 For Sale $615,000 0.0% $166 / Sq Ft
05/07/2024 05/07/24 Rented $2,300 0.0% --
05/06/2024 05/06/24 Under Contract -- -- --
04/26/2024 04/26/24 For Rent $2,300 +9.5% --
06/04/2019 06/04/19 For Rent $2,100 +5.0% --
06/04/2019 06/04/19 Rented $2,000 0.0% --
06/13/2018 06/13/18 Sold -- -- --
05/14/2018 05/14/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $595,000 +27007.1% $160 / Sq Ft
03/13/2015 03/13/15 Sold -- -- --
02/11/2015 02/11/15 Pending -- -- --
01/28/2015 01/28/15 Rented $2,195 -99.6% --
12/29/2014 12/29/14 Under Contract -- -- --
12/15/2014 12/15/14 For Sale $549,000 0.0% $134 / Sq Ft
11/04/2014 11/04/14 For Rent $2,500 -- --
Source: Gulf South Real Estate Information Network

Purchase History

Date Type Sale Price Title Company
Deed $562,000 Capital Title Agency Inc
Warranty Deed $512,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $421,500 New Conventional
Closed $421,500 New Conventional
Previous Owner $384,375 New Conventional
Source: Public Records

Similar Homes in New Orleans, LA

  • 4149 Canal St, New Orleans, LA 70119

    $699,995

    • 5 Beds
    • 3 Baths
    • 3,000 Sq Ft
    • 4149 Canal St
    • New Orleans, LA

    Location, Location, Location! This rare Mid-City property investment GEM with off street parking and TWO driveways is now for sale! A spacious triplex and historic home built in 1900 with fabulous interior finishes on all 3 units. Live in one unit and rent the other two! With one current vacancy - and two of the three units are month to month leases...the possibilities are endless. New Ac units

    Katie Toups Blue Heron Realty

    Section Image
  • 2625 Ursulines Ave, New Orleans, LA 70119

    $600,000

    • 7 Beds
    • 4 Baths
    • 2,678 Sq Ft
    • 2625 Ursulines Ave
    • New Orleans, LA

    Newly renovated and full of potential, 2625 Ursulines Avenue is a versatile multi-family property located in the vibrant Treme neighborhood—just moments from the French Quarter, City Park, and I-10. This spacious double features two thoughtfully updated units and offers the rare opportunity for triplex conversion—ideal for owner-occupants, investors, or multi-generational

    Doris Lumpkin eXp Realty, LLC

    Section Image
  • 2732 34 Iberville St, New Orleans, LA 70119

    $469,000

    • 6 Beds
    • 6 Baths
    • 2,462 Sq Ft
    • 2732 34 Iberville St
    • New Orleans, LA

    **Investment Opportunity or Home with Income Potential in New Orleans' Mid-City** Discover a newly constructed duplex offering a fantastic investment opportunity or a great way to offset your mortgage while enjoying a prime location in Mid-City. Conveniently located with easy access to downtown New Orleans, City Park, the Fairgrounds, the Lafitte Greenway, and numerous dining options—plus just 5

    Christian Galvin Christian Shane Properties

    Section Image
  • 4034 Saint Ferdinand St, New Orleans, LA 70126

    $595,000

    • 6 Beds
    • 6 Baths
    • 5,500 Sq Ft
    • 4034 Saint Ferdinand St
    • New Orleans, LA

    Great opportunity to own a fully occupied, 6-unit , consisting of 6, 1 bedroom 1 bath apartments in the heart of the city. All units are currently rented, generating over $7300/month in gross rental income with long-term tenants in place. Low-maintenance units. Stable cash flow!

    Patrice Poree Paidyn Realty

    Section Image
  • 2238 40 Dante St, New Orleans, LA 70118

    $625,000

    • 6 Beds
    • 5 Baths
    • 3,415 Sq Ft
    • 2238 40 Dante St
    • New Orleans, LA

    A Rare Find with Built-In Versatility! This beautifully maintained and thoughtfully updated property offers three distinct living spaces—perfect for generating income, hosting guests, or accommodating multigenerational living!The main house is a single family home with 3 bedrooms and 2 full bathrooms, including a spacious 1st floor primary bedroom with an en suite bath and laundry

    Michelle LaBanca LATTER & BLUM (LATT09)

    Section Image
  • 2210 12 Pine St, New Orleans, LA 70118

    $475,000

    • 6 Beds
    • 2 Baths
    • 2,347 Sq Ft
    • 2210 12 Pine St
    • New Orleans, LA

    Beautifully Renovated Arts & Crafts Duplex In Great Location Between Broadway & Carrollton Close To Tulane and Loyola Universities. Freshly Painted Exterior & Interior. The Downstairs Unit (2210) Is Vacant and features a Renovated Kitchen With Quartz Countertops, a Renovated Bath & Wood Floors. Upstairs (2212) Is Rented And Has A Brand New Kitchen and Central Air & Heat. A Completed Brand New

    John Rareshide RE/MAX N.O. Properties

    Section Image
  • 4536 38 S Miro St, New Orleans, LA 70125

    $489,000

    • 5 Beds
    • 4 Baths
    • 3,746 Sq Ft
    • 4536 38 S Miro St
    • New Orleans, LA

    Attention investors! Explore this rare opportunity to own a well-positioned tri-plex with the potential for expansion to a fourth unit in the desirable Broadmoor neighborhood. Situated on a spacious corner lot, this property has been meticulously maintained and offers a range of attractive features for savvy investors.Each unit is characterized by abundant natural light, elegant hardwood

    John Rareshide RE/MAX N.O. Properties

    Section Image
  • 1216 22 France St, New Orleans, LA 70117

    $495,000

    • 8 Beds
    • 4 Baths
    • 3,150 Sq Ft
    • 1216 22 France St
    • New Orleans, LA

    Great opportunity to own a fully occupied, 4-unit apartment building in the heart of the city. Each unit consists of 2 bedrooms and 1 bath in each unit with laundry hook-up. All units are currently rented, generating over $4,600/month in gross rental income with long-term tenants in place. Stable cash flow!

    Patrice Poree Paidyn Realty

    Section Image
  • 966 - 968 Allen Toussaint Blvd, New Orleans, LA 70124

    $555,000

    • 6 Beds
    • 4 Baths
    • 4,765 Sq Ft
    • 966 - 968 Allen Toussaint Blvd
    • New Orleans, LA

    Rare investment opportunity in Lakeview. This property's location truly sets it apart: easy access to the Lakefront, City Park and the convenience of shopping and dining on Harrison Avenue. Pet owners will appreciate the proximity to walking areas and green space.Each spacious unit has abundant natural light, three bedrooms, two full bathrooms, fully equipped kitchen, laundry room and lots of

    JEANNE COCO LATTER & BLUM (LATT07)

    Section Image

Source: Gulf South Real Estate Information Network

MLS Number: 2482685

Gulf South Real Estate Information Network

APN: 2-06-4-102-21