2305 Soniat Street New Orleans, LA ^$ 699,000

2305 Soniat Street

^$ 699,000

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2305 Soniat Street

New Orleans, LA, 70115

^$ 699,000

Bedrooms10 Baths4.0 Sq 4,261

Monthly Estimate*

^$ 4,883

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2305 Soniat Street, New Orleans, LA 70115 - Image 9

2305 Soniat Street, New Orleans, LA 70115 - Image 10

2305 Soniat Street, New Orleans, LA 70115 - Image 11

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Multi-Family Home for sale in New Orleans, LA

for $699,000 with 10 bedrooms and 4 full baths. This 4,261 square foot home was built in 1924 on a lot size of 0.0947.

Commercially zoned (HU-MU) duplex with STR permit! This excellent property sits adjacent to Good Bird just steps from the heart of Freret Street. Fully managed, the current owner doesn't lift a finger and still the lower STR unit has cleared over $30,000 in net profit in the first 7 months of 2023 (grossing over $47,000). The upstairs is currently rented for $3,000 and boasts high ceilings, independent bedrooms, and a dedicated laundry room with an extra refrigerator and kitchen style countertops. This property is a serious cash cow with the possibility for incredible upside due to new regulations severely restricting residential STR properties. Don't miss out on this opportunity!

Multi-Family Active

Price

^$ 699,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Lot Size

0.0947

Year Built

1924

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2429727

Features

General

Sewer Public Sewer

Heating Central Ductless Wall Furnace

Cooling Central Air Ductless Wall Unit(s)

Roof Asphalt Shingle

Appliances ENERGY STAR Qualified Appliances

Exterior Features Fence

Pool Features None

Year Built 1924

Stories 2

Levels Two

Property SubType Duplex

County Orleans

New Construction 0

Property Type Residential Income

Energy Efficient Appliances

Total Rooms 0

Status Active

Directions Turn onto Soniat from Freret

City New Orleans

Buyer Agent Compensation 2.5

Total Units 2

Street Name SONIAT

Year Built Details 100

Property Condition Repairs Cosmetic Updated/Remodeled Very Good Condition

Days on Market 58

Standard Status Active

Property Sub Type Additional Duplex

Buyer Agent Compensation Type %

Legal Description SQ 608 LOT 2 33 X 125 2005 PERMIT 2305 TO 2307-A SONIAT 2 STY-W(5 METERS) 2005 PERMIT

Exterior

Parking Features None

Lot Features City Lot Rectangular Lot

Water Source Public

Lot Size Area 0.0947

Foundation Details Raised

Lot Dimensions 33x125

Lot Size Acres 0.0947

Interior

Air Conditioning Y/N 1

Heating Y/N 1

Full Baths 4

Half Baths 0

Street Suffix Street

Laundry Features Upper Level

Total Bedrooms 10

* Excluded Features

List By

Satsuma Real Estate Llc

Broker

will.matt.king@gmail.com

Affordability Calculator

$4,883

Per Month

Monthly Principal & Interest: $4,883
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in New Orleans, LA

Average List Price ^$529,090

Percent of Sale Price 24%

About New Orleans, LA

392,550 Population

-19% Since 2002

^$41,421 Median Income

36.4 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

476401 Elementary School

475975 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2024	$699,000	-3.59%	Price Down
1/13/2024	$725,000		Listed Price

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2305 Soniat Street, New Orleans, LA, 70115 is a Multi-Family Home for sale at $699,000 with 4,261 sqft and a lot size of 0.0947. 2305 Soniat Street has 10 bedrooms, 4.0 baths, and was built in 1924. The property's zip code is 70115 which is in New Orleans, LA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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2305 Soniat Street

Multi-Family Home for sale in New Orleans, LA

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