Multi-family
1601-03 France St · New Orleans, LA
Flood risk 9/10 · Severe
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 22 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +4.0/5.0
- Rent growth +3.1/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- Appreciation +0.0/10.0
$155,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records
Listing remarks MLS
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm--tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities--owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Cafe--this property captures the true spirit of New Orleans living. Whether you're seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601-03 France St. offers endless possibilities in one of the city's most dynamic neighborhoods.
Key facts
- Tall ceilings
- Corner-lot property
- Private entrance
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath multifamily listed at $155k.
Deal economics
- At list price, monthly cash flow is $1k ($14k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $155k).
- Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
- Cap rate 15.9% vs local median 4.4% in New Orleans — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
- Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising (+2.5%/yr); 581 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $2,957/mo this rent would consume 78% of the median local household income ($46k/yr) (locally 1988% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (-3.0% appreciation + 2.5% rent growth), your $43k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 233 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
- 10 sale attempts since 24y ago; this cycle's ask has dropped $34k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $130k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo.
- Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 233 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.91% ✓
- Cap rate
- 15.94%
- Cash-on-cash
- 34.44%
- DSCR
- 2.53
- GRM
- 4.4
CMA / ARV
- ARV (median comp)
- $258,574
- List price
- $155,000
- Delta
- -40.06%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 4323 25 N Derbigny St | 0.10mi | 4/2.0 | 1,925 (-7%) | 5mo | $195,000 | $101 | 79 |
| 1220 22 Mazant St | 0.28mi | 3/2.0 (-1) | 2,184 (+5%) | 5mo | $325,000 | $149 | 69 |
| 939 Piety St | 0.69mi | 4/2.5 | 2,022 (-2%) | 1mo | $409,000 | $202 | 61 |
| 4029 Royal St | 0.66mi | 3/3.0 (-1) | 2,056 (-1%) | 5mo | $487,000 | $237 | 54 |
| 3313 15 St Claude Ave | 0.60mi | 4/3.0 | 1,850 (-11%) | 1mo | $320,000 | $173 | 49 |
| 4023 25 Dauphine St | 0.59mi | 4/3.5 | 2,168 (+5%) | 11mo | $489,000 | $226 | 49 |
| 1304-06 Independence St | 0.38mi | 4/2.0 | 1,768 (-15%) | 11mo | $61,000 | $35 | 49 |
| 3129 31 N Claiborne Ave | 0.63mi | 4/2.0 | 1,806 (-13%) | 3mo | $267,150 | $148 | 47 |
| 4716-18 Burgundy St | 0.71mi | 4/2.0 | 1,934 (-7%) | 11mo | $283,600 | $147 | 47 |
| 1537-1539 Louisa St | 0.56mi | 4/2.0 | 1,778 (-14%) | 6mo | $329,000 | $185 | 45 |
| 4205 07 Burgundy St | 0.51mi | 3/2.0 (-1) | 1,812 (-12%) | 7mo | $475,000 | $262 | 44 |
| 816-18 Alvar St | 0.60mi | 3/2.5 (-1) | 1,814 (-12%) | 5mo | $435,000 | $240 | 40 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 2.49% rent growth · sell at horizon
- IRR
- 27.1%
- Equity multiple
- 2.12×
- Total profit
- $48,571
- Equity at exit
- $23,111
- IRR
- 34.4%
- Equity multiple
- 4.07×
- Total profit
- $133,261
- Equity at exit
- $13,402
Cash invested: $43,400 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Louisiana
- 90 Strongly Landlord-Friendly · R+12
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 70117
- Rents YoY
- 2.5%
- Active inventory
- 581
- Price-to-rent
- 8.7×
Monthly cashflow live
- Estimated rent
- $2,957 high interval (Pro) →
- Mortgage (P&I)
- −$813
- Tax from tax record
- −$213 /mo · $2,556/yr
- Insurance
- −$65
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$621
- Net cashflow
- $1,179
Break-even live
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1 | $2,958 |
| #1 | 2 | 1 | $1,479 |
| #2 | 2 | 1 | $1,479 |
| Total (2 units) | $2,957 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $38,750
- Closing costs
- $4,650
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 23 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1411 France St New Orleans, LA | 3.0 | 2.0 | 1525 | $2,000 | $1.31 | 23d | 1 | 0.11mi |
| 1403 Lesseps St New Orleans, LA | 3.0 | 3.0 | 1700 | $1,800 | $1.06 | 11d | 1 | 0.14mi |
| 1323 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 3d | 1 | 0.28mi |
| 1325 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 2d | 1 | 0.28mi |
| 1325 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 3d | 1 | 0.28mi |
| 1437 Gallier St New Orleans, LA | 3.0 | 2.0 | 1451 | $1,875 | $1.29 | 21d | 1 | 0.37mi |
| 5624-5626 Saint Claude ST New Orleans, LA | 4.0 | 3.0 | 1521 | $2,300 | $1.51 | 23d | 1 | 0.47mi |
| 2019 Gallier St New Orleans, LA | 4.0 | 2.0 | 1400 | $2,200 | $1.57 | 23d | 1 | 0.50mi |
| 1835 Louisa St New Orleans, LA | 3.0 | 2.5 | 1800 | $2,350 | $1.31 | 3d | 1 | 0.59mi |
| 1839 Louisa St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,095 | $1.40 | 16d | 1 | 0.60mi |
| 3221 Saint Claude Ave New Orleans, LA | 3.0 | 1.0 | 1900 | $1,650 | $0.87 | 23d | 1 | 0.61mi |
| 1231 Feliciana St New Orleans, LA | 3.0 | 2.5 | 1869 | $2,750 | $1.47 | 43d | 1 | 0.75mi |
| 639 Desire St New Orleans, LA | 3.0 | 2.5 | 2687 | $5,500 | $2.05 | 19d | 1 | 0.79mi |
| 3134 Burgundy St New Orleans, LA | 3.0 | 2.0 | 1887 | $2,900 | $1.54 | 23d | 1 | 0.80mi |
| 1038 Montegut St New Orleans, LA | 3.0 | 2.5 | 2250 | $4,200 | $1.87 | 43d | 1 | 0.87mi |
| 1038 Montegut St New Orleans, LA | 3.0 | 2.5 | 2250 | $4,200 | $1.87 | 23d | 1 | 0.87mi |
| 5459 Saint Claude Ave Unit 5461 New Orleans, LA | 4.0 | 2.0 | 1454 | $2,350 | $1.62 | 23d | 1 | 1.06mi |
| 2228 Arts St New Orleans, LA | 3.0 | 2.0 | 2270 | $1,675 | $0.74 | 3d | 1 | 1.36mi |
| 2320 N Rampart St New Orleans, LA | 3.0 | 3.0 | 2317 | $3,700 | $1.60 | 43d | 1 | 1.38mi |
| 2317 N Rampart St Unit 1272378P New Orleans, LA | 3.0–6.0 | 2.0–4.0 | 1581 | $4,154 | $2.63 | 3d | 2 | 1.38mi |
| 119 Vallette St New Orleans, LA | 3.0 | 2.5 | 1500 | $2,100 | $1.40 | 23d | 1 | 1.47mi |
| 3302 Metropolitan St New Orleans, LA | 4.0 | 2.5 | 1700 | $2,200 | $1.29 | 17d | 1 | 1.50mi |
| 1901 Tupelo St New Orleans, LA | 3.0 | 2.5 | 1568 | $2,300 | $1.47 | 3d | 1 | 1.50mi |
Listing history 34 events
-
2026-06-18days on market $155,000 Active 233 DOM
-
2026-06-17days on market $155,000 Active 232 DOM
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2026-06-16days on market $155,000 Active 231 DOM
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2026-06-15days on market $155,000 Active 230 DOM
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2026-06-13days on market $155,000 Active 228 DOM
-
2026-06-10days on market $155,000 Active 225 DOM
-
2026-06-09days on market $155,000 Active 224 DOM
-
2026-06-08days on market $155,000 Active 223 DOM
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2026-06-07days on market $155,000 Active 222 DOM
-
2026-06-05days on market $155,000 Active 219 DOM
-
2026-06-03days on market $155,000 Active 218 DOM
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2026-06-02days on market $155,000 Active 217 DOM
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2026-06-01days on market $155,000 Active 216 DOM
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2026-05-31days on market $155,000 Active 215 DOM
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2026-05-03price $159,000 1069-char remark
Show marketing remark (1109 chars)
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm—tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities—owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Café—this property captures the true spirit of New Orleans living. Whether you’re seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601–03 France St. offers endless possibilities in one of the city’s most dynamic neighborhoods.
-
2026-05-03price $159,000 1109-char remark
Show marketing remark (1109 chars)
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm—tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities—owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Café—this property captures the true spirit of New Orleans living. Whether you’re seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601–03 France St. offers endless possibilities in one of the city’s most dynamic neighborhoods.
-
2026-04-16price $169,000 1069-char remark
Show marketing remark (1109 chars)
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm—tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities—owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Café—this property captures the true spirit of New Orleans living. Whether you’re seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601–03 France St. offers endless possibilities in one of the city’s most dynamic neighborhoods.
-
2026-04-16price $169,000 1109-char remark
Show marketing remark (1109 chars)
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm—tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities—owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Café—this property captures the true spirit of New Orleans living. Whether you’re seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601–03 France St. offers endless possibilities in one of the city’s most dynamic neighborhoods.
-
2026-02-28price $175,000 1069-char remark
Show marketing remark (1109 chars)
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm—tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities—owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Café—this property captures the true spirit of New Orleans living. Whether you’re seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601–03 France St. offers endless possibilities in one of the city’s most dynamic neighborhoods.
-
2026-02-28price $175,000 1109-char remark
Show marketing remark (1109 chars)
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm—tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities—owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Café—this property captures the true spirit of New Orleans living. Whether you’re seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601–03 France St. offers endless possibilities in one of the city’s most dynamic neighborhoods.
-
2025-09-29$189,000 Active 1069-char remark
Show marketing remark (1109 chars)
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm—tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities—owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Café—this property captures the true spirit of New Orleans living. Whether you’re seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601–03 France St. offers endless possibilities in one of the city’s most dynamic neighborhoods.
-
2025-09-29$189,000 Active 1109-char remark
Show marketing remark (1109 chars)
Discover this well-maintained double in the heart of the vibrant Bywater/Marigny. This corner-lot property offers two spacious 2-bedroom, 1-bath units with classic New Orleans charm—tall ceilings, recently updated floors, and plenty of natural light. One side is vacant and recently deep-cleaned. Each side features its own private entrance, in-unit laundry hookups, and separate utilities—owner-occupant or savvy investor. Enjoy morning coffee on the inviting front porch and evenings in the fenced backyard with room for entertaining, gardening, or pets. The property leaves room for your personal touches and upgrades. Meters are all separate. Conveniently located just blocks from the St. Claude Arts District, restaurants, and local favorites like The Country Club, Bacchanal Wine, and Petite Clouet Café—this property captures the true spirit of New Orleans living. Whether you’re seeking a live-rent opportunity or a strong addition to your investment portfolio, 1601–03 France St. offers endless possibilities in one of the city’s most dynamic neighborhoods.
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2016-12-29soldstatus $130,000
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2016-04-12$130,000
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2015-07-01historical
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2015-05-13$119,000 Active
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2011-03-03$153,000
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2011-03-03$153,000
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2010-02-24soldstatus $33,500
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2009-11-12$27,500
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2009-11-12$27,500
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2002-08-29soldstatus $21,000
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2002-08-06$29,900
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2002-08-06$29,900
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast LA · Resets to sale price
- Current annual tax
- $2,556 · $213/mo
- Projected year-2 tax
- $2,556 · $213/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $35,484
- − Mortgage interest
- −$8,682
- − Property taxes
- −$2,556
- − Insurance
- −$1,572
- − Repairs & maintenance
- −$2,839
- − Management
- −$2,839
- − Depreciation
- −$4,509
- Taxable income
- $12,486
- Est. tax owed @ 24.0%
- −$2,997
- After-tax cash flow
- $11,153/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Orleans Parish
- NCES district ID
- 2201170
- Math proficiency
- 11% ▼ -52.00%
- Reading proficiency
- 27% ▼ -46.00%
- Median HH income
- $37,011
- Composite
- 15.78/100
- National rank
- #9271
- State rank
- #69 of 98 in LA
Livability — New Orleans
- Score
- 81/100
- State rank
- #3
- US rank
- #1383
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- New Orleans, LA
- County
- Orleans Parish · 338,817 people
- City population
- 338,817
- Metro
- New Orleans-Metairie, LA
- Population (ZIP)
- 25,652
- Household income
- $45,764
- Rent vs Own
- Severe rent burden
- 1988.0
Population outlook (Orleans County) Hauer SSP2
- Today (2025)
- 513,025 people
- By 2030
- 575,781 · +12.2%
- By 2040
- 700,174 · +36.5%
- By 2050
- 826,541 · +61.1%
- By 2075
- 1,123,374 · +119.0%
- By 2100
- 1,355,609 · +164.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Majority Black (60%)
- Race & ethnicity
- Black 60% White 30% Two or more races 6% Hispanic / Latino 5%
- Common ancestry
- Lithuanian 5% Italian 1% Romanian 1%
- Foreign-born
- 5% · Canada, South Korea
- Languages at home
- 93% English-only · Spanish 3% Other Indo-European 1% French/Haitian/Cajun 1%
Political lean MEDSL · Orleans
- 2024 margin
- Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
- 2008→2024 swing
- +6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
- All cycles
- 2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -177.22%
- Current HPI
- 184.6061
- Rent YoY
- ▲ 2.49%
- Metro
- New Orleans-Metairie, LA
- State GDP YoY
- ▲ 3.29%
- F500 in state
- 10
Industry mix (Fortune 500 HQ in LA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Telecommunications | 2 | $23B |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+431.8% since first listed20 events — show timeline
- 2026-05-03 Price Changed $159,000 AcadianaMLS
- 2026-05-03 Price Changed $159,000 GSREIN
- 2026-04-16 Price Changed $169,000 AcadianaMLS
- 2026-04-16 Price Changed $169,000 GSREIN
- 2026-02-28 Price Changed $175,000 AcadianaMLS
- 2026-02-28 Price Changed $175,000 GSREIN
- 2025-09-29 Listed $189,000 GSREIN
- 2025-09-29 Listed $189,000 AcadianaMLS
- 2016-12-29 Sold (Public Records) $130,000 Public Records
- 2016-04-12 Listed $130,000 AcadianaMLS
- 2015-07-01 Listing Removed — GSREIN
- 2015-05-13 Listed $119,000 GSREIN
- 2011-03-03 Listed $153,000 GSREIN
- 2011-03-03 Listed $153,000 AcadianaMLS
- 2010-02-24 Sold (MLS) $33,500 GSREIN
- 2009-11-12 Listed $27,500 AcadianaMLS
- 2009-11-12 Listed $27,500 GSREIN
- 2002-08-29 Sold (MLS) $21,000 GSREIN
- 2002-08-06 Listed $29,900 AcadianaMLS
- 2002-08-06 Listed $29,900 GSREIN
Property tax history
+3.1%/yrLatest (2026): $2,556 · +1.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…