Multi-family
3217-19 Gravier St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.78%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 1/10 · Minimal
- 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
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 4 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
- DSCR +10.0/10.0
- 1% rule +9.0/10.0
- ARV discount +7.5/15.0
- Livability +4.0/5.0
- Rent growth +2.5/5.0
- Schools +1.6/10.0
- Condition / age +1.0/5.0
- Appreciation +0.0/10.0
$138,000
🖨 Deal sheet (PDF) 📄 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
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
Key facts
- Off street parking
- Fenced-in backyard
- 3,484 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a multifamily listed at $138k. Condition is rated poor.
Deal economics
- At list price, monthly cash flow is $146 ($2k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $138k).
- Recommended offer: $121k (12.0% below list) — sets the bar for market timing.
- Cap rate 11.3% 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 soft (-0.2%/yr); 381 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- This rent runs 44% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $954 of loan paydown is wiped out by about $4k 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.
Negotiation context
- It's been on market 136 days — a 12% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 20y ago; this cycle's ask has dropped $30k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo.
- Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/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 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- 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
- 1.40% ✓
- Cap rate
- 11.27%
- Cash-on-cash
- 17.78%
- DSCR
- 1.79
- GRM
- 6.0
CMA / ARV
- ARV (median comp)
- $344,634
- List price
- $138,000
- Delta
- -59.96%
- 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 |
|---|---|---|---|---|---|---|---|
| 434 S Lopez St | 0.19mi | 2/2.0 | 1,784 (+1%) | 5mo | $127,000 | $71 | 86 |
| 422 24 S Clark St | 0.28mi | 3/3.0 | 1,745 (-1%) | 5mo | $340,000 | $195 | 81 |
| 745-47 S Genois St | 0.28mi | 4/2.0 | 1,610 (-9%) | 3mo | $250,000 | $155 | 70 |
| 745-47 S Genois St | 0.29mi | —/— | 1,610 (-9%) | 3mo | $250,000 | $155 | 69 |
| 633 35 S Dupre St | 0.20mi | 4/3.5 | 2,000 (+13%) | 0mo | $461,600 | $231 | 69 |
| 118 S Norman C Francis Pkwy | 0.44mi | 6/2.0 | 1,936 (+10%) | 1mo | $175,000 | $90 | 63 |
| 2755 Banks St | 0.39mi | 4/4.0 | 1,920 (+9%) | 5mo | $285,000 | $148 | 63 |
| 124 N Rendon St | 0.53mi | 3/3.0 | 1,656 (-6%) | 6mo | $308,000 | $186 | 60 |
| 4024 26 Baudin St | 0.60mi | 4/2.0 | 1,890 (+7%) | 4mo | $290,000 | $153 | 57 |
| 3935 37 Banks St | 0.58mi | 4/2.0 | 1,620 (-8%) | 2mo | $295,000 | $182 | 57 |
| 3935-37 Banks St | 0.59mi | —/— | 1,620 (-8%) | 2mo | $295,000 | $182 | 57 |
| 4112 14 Thalia St | 0.70mi | 4/2.0 | 1,700 (-4%) | 8mo | $235,000 | $138 | 54 |
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 · 0.0% rent growth · sell at horizon
- IRR
- -13.8%
- Equity multiple
- 0.52×
- Total profit
- $-18,444
- Equity at exit
- $20,576
- IRR
- -13.7%
- Equity multiple
- 0.36×
- Total profit
- $-24,796
- Equity at exit
- $11,932
Cash invested: $38,640 (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 70119
- Home prices YoY
- -34.8%
- Rents YoY
- -0.2%
- Active inventory
- 381
- Price-to-rent
- 6.0×
Monthly cashflow live
- Estimated rent
- $1,932 high interval (Pro) →
- Mortgage (P&I)
- −$724
- Tax est. 1.5%
- −$172 /mo · $2,070/yr
- Insurance
- −$58
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$406
- Net cashflow
- $146
Break-even live
Sensitivity live
| Price | -10% $241 | -5% $194 | +0% $146 | +5% $98 | +10% $50 |
|---|---|---|---|---|---|
| Rent | -10% $-7 | -5% $70 | +0% $146 | +5% $222 | +10% $298 |
| Rate | -1.0pp $215 | -0.5pp $181 | base $146 | +0.5pp $110 | +1.0pp $74 |
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
- $34,500
- Closing costs
- $4,140
- 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 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3005 Banks St New Orleans, LA | 2.0 | 1.0 | 2099 | $1,500 | $0.71 | 24d | 1 | 0.27mi |
| 305 S Norman C Francis Pkwy New Orleans, LA | 3.0 | 1.5 | 1730 | $2,600 | $1.50 | 17d | 1 | 0.31mi |
| 305 S Norman C Francis Pkwy New Orleans, LA | 3.0 | 1.5 | 1730 | $2,500 | $1.45 | 15d | 1 | 0.31mi |
| 2912 Palmyra St Unit D New Orleans, LA | 3.0 | 2.0 | 1257 | $1,650 | $1.31 | 24d | 1 | 0.33mi |
| 227 S Gayoso St Unit 2h New Orleans, LA | 3.0 | 2.0 | 1800 | $2,500 | $1.39 | 44d | 1 | 0.34mi |
| 233 S Norman C Francis Pkwy New Orleans, LA | 2.0 | 2.0 | 1762 | $1,625 | $0.92 | 16d | 1 | 0.34mi |
| 233 S Norman C Francis Pkwy New Orleans, LA | 2.0 | 2.0 | 1762 | $1,625 | $0.92 | 17d | 1 | 0.34mi |
| 2645 Gravier St Unit 2645-A New Orleans, LA | 3.0 | 1.0 | 1290 | $1,595 | $1.24 | 24d | 1 | 0.43mi |
| 3804 Banks St New Orleans, LA | 3.0 | 2.0 | 1353 | $2,250 | $1.66 | 17d | 1 | 0.44mi |
| 3825 Baudin St New Orleans, LA | 3.0 | 3.5 | 1680 | $2,000 | $1.19 | 24d | 1 | 0.46mi |
| 2651 Poydras St New Orleans, LA | 1.0–4.0 | 1.0–2.0 | 1095 | $1,732 | $1.58 | 2d | 16 | 0.47mi |
| 647 S Pierce St New Orleans, LA | 3.0 | 2.0 | 1550 | $3,175 | $2.05 | 15d | 1 | 0.54mi |
| 3701 Canal St Unit MN New Orleans, LA | 2.0 | 2.0 | 1600 | $1,650 | $1.03 | 4d | 1 | 0.58mi |
| 2517 Palmyra St New Orleans, LA | 3.0 | 2.0 | 1306 | $2,100 | $1.61 | 17d | 1 | 0.63mi |
| 132 N Cortez St Unit B New Orleans, LA | 2.0 | 1.0 | 1400 | $1,800 | $1.29 | 17d | 1 | 0.63mi |
| 4120 Erato St New Orleans, LA | 3.0 | 2.0 | 2250 | $1,750 | $0.78 | 24d | 1 | 0.66mi |
| 3701 Conti St New Orleans, LA | 2.0 | 1.0–2.0 | 935 | $2,923 | $3.12 | 4d | 17 | 0.77mi |
| 1603 S Rendon St New Orleans, LA | 3.0 | 2.0 | 1329 | $1,900 | $1.43 | 20d | 1 | 0.81mi |
| 3100 Orleans Ave New Orleans, LA | 2.0 | 1.0 | 1875 | $1,350 | $0.72 | 24d | 1 | 0.87mi |
| 4401 Elba St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,850 | $1.32 | 24d | 1 | 0.90mi |
| 4403 Elba St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,800 | $1.29 | 4d | 1 | 0.90mi |
| 3700 Orleans Ave New Orleans, LA | 1.0–3.0 | 1.0–2.0 | 1081 | $2,285 | $2.11 | 3d | 48 | 0.91mi |
| 4400 Elba St New Orleans, LA | 3.0 | 2.0 | 1600 | $1,875 | $1.17 | 24d | 1 | 0.93mi |
| 315 N Miro St New Orleans, LA | 3.0 | 3.0 | 1276 | $2,300 | $1.80 | 20d | 1 | 0.93mi |
| 315 N Miro St New Orleans, LA | 3.0 | 3.0 | 1276 | $2,500 | $1.96 | 24d | 1 | 0.93mi |
| 124 N Galvez St Unit 1 New Orleans, LA | 2.0 | 2.0 | 2200 | $2,200 | $1.00 | 24d | 1 | 0.93mi |
| 22 N Johnson St New Orleans, LA | 2.0 | 2.0 | 1500 | $2,000 | $1.33 | 15d | 1 | 0.96mi |
| 4506 Banks St New Orleans, LA | 2.0 | 2.0 | 1350 | $2,000 | $1.48 | 24d | 1 | 0.98mi |
| 824 N Dupre St New Orleans, LA | 3.0 | 2.0 | 1315 | $2,250 | $1.71 | 17d | 1 | 1.00mi |
| 2921 Audubon St New Orleans, LA | 2.0 | 1.0 | 1500 | $1,550 | $1.03 | 17d | 1 | 1.02mi |
| 2105 Bienville St New Orleans, LA | 3.0 | 3.0 | 1231 | $2,350 | $1.91 | 17d | 1 | 1.03mi |
| 2024 Bienville St New Orleans, LA | 3.0 | 2.0 | 1314 | $2,100 | $1.60 | 24d | 1 | 1.04mi |
| 4117 State Street Dr New Orleans, LA | 3.0 | 1.0 | 1678 | $1,550 | $0.92 | 12d | 1 | 1.04mi |
| 3617 Fourth St Unit A New Orleans, LA | 3.0 | 2.0 | 1225 | $1,995 | $1.63 | 17d | 1 | 1.09mi |
| 2033 Conti St New Orleans, LA | 3.0 | 3.0 | 1249 | $2,250 | $1.80 | 15d | 1 | 1.10mi |
| 914 N Broad St New Orleans, LA | 2.0 | 2.0 | 1450 | $2,200 | $1.52 | 24d | 1 | 1.11mi |
| 2606 S Miro St New Orleans, LA | 3.0 | 2.0 | 1450 | $2,016 | $1.39 | 24d | 1 | 1.11mi |
| 8502 Edinburgh St New Orleans, LA | 3.0 | 2.0 | 1456 | $1,800 | $1.24 | 4d | 1 | 1.14mi |
| 3218 Jackson Ave New Orleans, LA | 3.0 | 2.0 | 1267 | $1,750 | $1.38 | 24d | 1 | 1.15mi |
| 324 N Roman St New Orleans, LA | 3.0 | 3.0 | 2100 | $2,500 | $1.19 | 44d | 1 | 1.17mi |
Listing history 9 events
-
2026-05-09status Pending 513-char remark
Show marketing remark (513 chars)
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
-
2026-05-05status Active 513-char remark
Show marketing remark (513 chars)
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
-
2026-05-02status Active 513-char remark
Show marketing remark (513 chars)
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
-
2026-04-04status Pending 513-char remark
Show marketing remark (513 chars)
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
-
2026-02-27price $138,000 513-char remark
Show marketing remark (513 chars)
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
-
2026-01-30price $148,000 513-char remark
Show marketing remark (513 chars)
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
-
2026-01-05price $158,000 513-char remark
Show marketing remark (513 chars)
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
-
2025-11-20$168,000 Active 513-char remark
Show marketing remark (513 chars)
Mid-City Creole Cottage. Just off of Tulane and Jefferson Davis. Property has off street parking and fenced-in backyard. Property is in need of repairs, has lots of possibilities....investors welcome. All interested parties must sign a Hold Harmless Agreement before entering property. Property is sold "AS IS". Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"
-
2006-07-06$84,900 155-char remark
Show marketing remark (155 chars)
Received 5'' of water fom Katrina but repaired with new electric, new carpet, new paint. Great investment oportunity. Marketed below pre-Katrina appraisal.
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 8/10 Severe FEMA zone AE · 78% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 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
- $23,181
- − Mortgage interest
- −$7,730
- − Property taxes
- −$2,070
- − Insurance
- −$5,808
- − Repairs & maintenance
- −$1,854
- − Management
- −$1,854
- − Depreciation
- −$4,015
- Taxable loss
- −$152
- Est. tax savings @ 24.0%
- +$36
- After-tax cash flow
- $1,786/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.
Condition & rehab AI · 7 photos
This property requires extensive repairs and updates to bring it up to a livable condition. Significant work is needed on the exterior, interior, and HVAC systems to improve its value and appeal to potential buyers or renters.
Repairs flagged
- Major Exterior siding — Severe weathering and peeling
- Major Flooring — Worn and in need of replacement
- Major Interior walls/paint — Significant wear and tear
- Major Windows — Old and may need replacement
- Major Foundation/structure — Appears unstable
- Major HVAC/mechanicals — Appears old and may need replacement
Value-add opportunities
- Both Exterior siding replacement — Improves curb appeal and property value
- Both Flooring replacement — Enhances interior aesthetics and usability
- Both Interior wall and paint refresh — Updates interior appearance and enhances value
- Both Window replacement — Enhances natural light and property value
- Both Foundation stabilization — Ensures structural integrity and property value
- Both HVAC system upgrade — Improves comfort and energy efficiency
Renovation cost estimate screening
| Repair item | Severity | Est. cost |
|---|---|---|
| Exterior siding · Severe weathering and peeling | Major | $15,000–50,000 |
| Flooring · Worn and in need of replacement | Major | $15,000–50,000 |
| Interior walls/paint · Significant wear and tear | Major | $15,000–50,000 |
| Windows · Old and may need replacement | Major | $15,000–50,000 |
| Foundation/structure · Appears unstable | Major | $15,000–50,000 |
| HVAC/mechanicals · Appears old and may need replacement | Major | $15,000–50,000 |
| Total estimated repair cost · 6 items | $90,000–300,000 |
Value-add ROI direction
- Both Exterior siding replacement — Improves curb appeal and property value ↑
- Both Flooring replacement — Enhances interior aesthetics and usability ↑
- Both Interior wall and paint refresh — Updates interior appearance and enhances value ↑
- Both Window replacement — Enhances natural light and property value ↑
- Both Foundation stabilization — Ensures structural integrity and property value ↑
- Both HVAC system upgrade — Improves comfort and energy efficiency ↑
ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.
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)
- 37,253
- Household income
- $53,143
- Rent vs Own
- Severe rent burden
- 3381.0
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
- Diverse neighborhood (Simpson 0.64)
- Race & ethnicity
- Black 44% White 40% Two or more races 10% Hispanic / Latino 9% Asian 1%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 8% Slovak 2% Romanian 1%
- Foreign-born
- 6% · Canada, Jamaica
- Languages at home
- 91% English-only · Spanish 6% French/Haitian/Cajun 1% Other Indo-European 0%
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
- ▼ -135.38%
- Current HPI
- 253.1929
- Rent YoY
- ▼ -0.20%
- 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 |
|
||
| Utilities | 1 | $12B |
|
||
| Wholesale / Distribution | 1 | $5B |
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Price history
+62.5% since first listed9 events — show timeline
- 2026-05-09 Pending — AcadianaMLS
- 2026-05-05 Relisted — AcadianaMLS
- 2026-05-02 Relisted — AcadianaMLS
- 2026-04-04 Pending — AcadianaMLS
- 2026-02-27 Price Changed $138,000 AcadianaMLS
- 2026-01-30 Price Changed $148,000 AcadianaMLS
- 2026-01-05 Price Changed $158,000 AcadianaMLS
- 2025-11-20 Listed $168,000 AcadianaMLS
- 2006-07-06 Listed $84,900 AcadianaMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…