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621 23 Alvar Street New Orleans, LA $ 550,000
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$ 550,000 Get more info
621 23 Alvar Street
$ 550,000
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621 23 Alvar Street

New Orleans, LA, 70117
$ 550,000
Bedrooms8 Baths4.0 Sq 3,095

Monthly Estimate*

$ 3,431

621 23 Alvar Street, New Orleans, LA 70117 - Image 1
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Multi-Family Home for sale in New Orleans, LA

for $550,000 with 8 bedrooms and 4 full baths. This 3,095 square foot home was built in 1925.

The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.

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Multi-Family Active

Price

$ 550,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Year Built

1925

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2515399
Features
General
Sewer Public Sewer
Heating Gas
Cooling Window Unit(s)
Roof Shingle
Patio/Porch Features Balcony Porch
Pool Features None
Construction Materials HardiPlank Type
Year Built 1925
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Quadruplex
County Orleans
Property Type Residential Income
Energy Efficient Water Heater
Total Rooms 0
Full Baths 4
Status Active
Directions Map apps work great
City New Orleans
Number Of Units Total 4
Year Built Details Fortified roof was installed in February 2024.
Home Warranty Y/N 0
Property Condition Very Good Condition
Standard Status Active
Property Sub Type Additional Quadruplex
Legal Description SQ 133 LOT J 33 X119 621-23 ALVAR ST
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Exterior
Exterior Amenities Balcony Fence Porch
Parking Features None
Lot Features City Lot Rectangular Lot
Water Source Public
Lot Size Area 0
Foundation Details Slab
Lot Dimensions 33' x 119'
Lot Size Acres 0
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Half Baths 0
Laundry Features In Unit
Total Bedrooms 8
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* Excluded Features
List By
Fqr Realtors

Broker

RealtorJacobFreedman@gmail.com

Email

Affordability Calculator

$3,431
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,431
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% 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
476401 Elementary School
475975 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/27/2025$550,000 -4.35% Price Down
9/30/2025$575,000 -4.01% Price Down
8/5/2025$599,000 Listed Price

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621 23 Alvar Street, New Orleans, LA, 70117 is a Multi-Family Home for sale at $550,000 with 3,095 sqft. 621 23 Alvar Street has 8 bedrooms, 4.0 baths, and was built in 1925. The property's zip code is 70117 which is in New Orleans, LA

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