8816 Spruce St New Orleans, LA 70118
Leonidas NeighborhoodEstimated payment $2,306/month
Total Views
2,327
8
Beds
4
Baths
2,852
Sq Ft
$128
Price per Sq Ft
Highlights
- Central Heating and Cooling System
- Property is in very good condition
- Rectangular Lot
About This Home
8816 Spruce Street is a 4-unit multifamily property located in the rapidly-growing Leonidas/Carrollton neighborhood, just blocks away from the Carrollton Avenue and S. Claiborne Avenue. The property is in excellent condition and has major upside potential in rents as the current owner favored maintaining relationships with long term tenants. This property must be purchased with 8824 Spruce St next door which is a duplex (MLS #2499767). There are two (2) buildings included in the overall property that each have their own individual tax parcel, a four-plex and a duplex. This allows for a buyer to obtain residential 1-4 investment financing which is favorable compared to commercial 5+ financing. Also an option to obtain an FHA loan on one building and a conventional loan on the other. All of the units are separately metered for water AND electricity. The tenants are responsible for all utilities, which brings down overall costs and greatly enhances the value of the asset.
Listing Agent
Bridgewater Realty Advisors, LLC License #995714063 Listed on: 05/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,477
Year Built
- Built in 1980
Lot Details
- Rectangular Lot
- Property is in very good condition
Home Design
- Quadruplex
- Slab Foundation
- Frame Construction
- Shingle Roof
- Asphalt Shingled Roof
- Stucco
Interior Spaces
- 2,852 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 3 Parking Spaces
- Parking Lot
Additional Features
- City Lot
- Central Heating and Cooling System
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number per assessor
Map
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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 | $3,477 | $26,340 | $3,600 | $22,740 |
| 2024 | $3,529 | $26,340 | $3,600 | $22,740 |
| 2023 | $3,374 | $25,100 | $2,700 | $22,400 |
| 2022 | $3,374 | $23,980 | $2,700 | $21,280 |
| 2021 | $3,613 | $25,100 | $2,700 | $22,400 |
| 2020 | $3,649 | $25,100 | $2,700 | $22,400 |
| 2019 | $2,871 | $19,000 | $1,350 | $17,650 |
| 2018 | $2,928 | $19,000 | $1,350 | $17,650 |
| 2017 | $2,795 | $19,000 | $1,350 | $17,650 |
| 2016 | $2,884 | $19,000 | $1,350 | $17,650 |
| 2015 | $2,825 | $19,000 | $1,350 | $17,650 |
| 2014 | -- | $10,110 | $1,350 | $8,760 |
| 2013 | -- | $10,110 | $1,350 | $8,760 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | For Sale | $550,000 | +50.7% | $176 / Sq Ft |
| 05/02/2025 05/02/25 | For Sale | $365,000 | -- | $128 / Sq Ft |
Source: ROAM MLS
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $262,500 | Small Business Administration |
Source: Public Records
Similar Homes in New Orleans, LA
Source: ROAM MLS
MLS Number: 2499765
APN: 7-16-3-028-10
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