Multi-Family: MLS #2523522 New Orleans, LA $ 229,000
Multi-Family: MLS #2523522
$ 229,000
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Multi-Family: MLS #2523522

New Orleans, LA, 70119
$ 229,000
Bedrooms4 Baths4.0 Sq 1,816

Monthly Estimate*

$ 1,410

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Multi-Family Home for sale in New Orleans, LA

for $229,000 with 4 bedrooms and 4 full baths. This 1,816 square foot home was built in 1940.

INVESTMENT OPPORTUNITY!!! Income-producing raised bungalow double in the New Marigny. Each side features two bedrooms, two bathrooms, and open-concept kitchen/living areas with hardwood floors, tall ceilings, mantles, and ornate wall moldings that highlight the homes historic character. Both units offer separate washer/dryer hookups and single garage parking, plus access to a small fenced courtyard. Currently leased to long-term tenants at $1,000 per month each, the property generates $24,000 in gross annual income. The raised basement, with impressive ceiling height, provides untapped potential for storage, studio, workshop, or expanded garage use. With stable tenants in place, solid cash flow, and room for future upside, this double is a smart portfolio addition in a desirable New Marigny location.

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Multi-Family Active

Price

$ 229,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Year Built

1940

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2523522

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Shingle
Patio/Porch Features Porch
Pool Features None
Construction Materials Wood Siding
Year Built 1940
Stories Count 1
Levels One
Property Subtype Duplex
County Orleans
Property Type Residential Income
Garage Y/N 1
Total Rooms 0
Full Baths 4
Status Active
City New Orleans
Number Of Units Total 2
Year Built Details Remodeled by previous owner
Property Condition Very Good Condition
Standard Status Active
Tax Lot O
Property Sub Type Additional Duplex
Legal Description Sq 1053 Lot O Annette 32x119 DBLE 14/RM A/R
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Exterior
Exterior Amenities Fence Porch
Parking Features Garage Two Spaces
Lot Features 1 to 5 Acres City Lot
Water Source Public
Lot Size Area 0
Foundation Details Raised
Lot Dimensions 39x119.3
Lot Size Acres 0
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Half Baths 0
Total Bedrooms 4
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* Excluded Features
List By
Latter & Blum (Latt09)

Broker

stephen.wittschoen@compass.com

Email

Affordability Calculator

$1,410
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,410
Monthly Property Taxes
--
Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
11/22/2025$229,000 -6.15% Price Down
10/30/2025$244,000 -2.01% Price Down
9/30/2025$249,000 Listed Price

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