Multi-family
4031-33 St Claude Ave · New Orleans, LA
Flood risk No data
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- —
- Est. flood insurance / yr
- —
Fire risk No data
- Est. fire insurance / yr
- —
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk No data
- Chance of severe wind over 30 yrs
- —
Air-quality risk No data
- Unhealthy air days now
- —
- Unhealthy air days in 30 yrs
- —
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C+ 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
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +4.0/5.0
- Rent growth +3.1/5.0
- Condition / age +2.2/5.0
- Schools +1.6/10.0
- ARV discount +1.4/15.0
- Appreciation +0.0/10.0
$320,000
🖨 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
Exceptional opportunity to acquire a commercially zoned raised double in the heart of the Historic Marigny/Treme/Bywater Commercial District--one of New Orleans' most vibrant and evolving corridors. This property offers tremendous flexibility for redevelopment or adaptive reuse, with zoning under the New Orleans Comprehensive Zoning Ordinance permitting a wide range of potential uses, including Hotel/Motel, Commercial Short-Term Rental, Recording Studio, Adult Day Care Facility, Art Gallery, or Studio. It is also preliminarily qualified for Historic Tax Credits as a contributing structure to the St. Claude Corridor Cultural District. The existing structure currently features residential tenants in both upper units, with workshop and music studio spaces on the ground floor. All lease agreements are month-to-month, allowing for maximum flexibility for new ownership. This is a rare chance to secure a high-visibility property with substantial redevelopment potential in one of New Orleans' most creative and culturally rich neighborhoods. Property to be sold in "as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents.
Key facts
- 2 parking spots
- Built 1900
- Listed 209 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath multifamily listed at $320k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $2k ($21k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($5k rent vs $320k).
- Recommended offer: $282k (12.0% below list) — sets the bar for market timing.
- Cap rate 13.0% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $5,055/mo this rent would consume 133% 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 $2k of loan paydown is wiped out by about $10k 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 $90k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 209 days — a 12% lower offer ($282k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $30k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 209 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?
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 1.58% ✓
- Cap rate
- 12.98%
- Cash-on-cash
- 23.87%
- DSCR
- 2.06
- GRM
- 5.3
CMA / ARV
- ARV (median comp)
- $281,862
- List price
- $320,000
- Delta
- 13.53%
- Verdict
- OVERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 4205 07 Burgundy St | 0.19mi | 3/2.0 (-1) | 1,812 (+1%) | 7mo | $475,000 | $262 | 79 |
| 1304-06 Independence St | 0.26mi | 4/2.0 | 1,768 (-2%) | 11mo | $61,000 | $35 | 76 |
| 816-18 Alvar St | 0.25mi | 3/2.5 (-1) | 1,814 (+1%) | 5mo | $435,000 | $240 | 75 |
| 3313 15 St Claude Ave | 0.41mi | 4/3.0 | 1,850 (+3%) | 1mo | $320,000 | $173 | 72 |
| 3129 31 N Claiborne Ave | 0.65mi | 4/2.0 | 1,806 (+0%) | 3mo | $267,150 | $148 | 67 |
| 1537-1539 Louisa St | 0.57mi | 4/2.0 | 1,778 (-1%) | 6mo | $329,000 | $185 | 66 |
| 3824 26 Royal St | 0.36mi | 4/2.0 | 1,599 (-11%) | 1mo | $232,500 | $145 | 64 |
| 4323 25 N Derbigny St | 0.44mi | 4/2.0 | 1,925 (+7%) | 5mo | $195,000 | $101 | 64 |
| 832 34 France St | 0.21mi | 3/3.0 (-1) | 1,677 (-7%) | 10mo | $485,000 | $289 | 61 |
| 939 Piety St | 0.44mi | 4/2.5 | 2,022 (+12%) | 1mo | $409,000 | $202 | 56 |
| 727 Montegut St | 0.74mi | 4/2.0 | 1,670 (-7%) | 4mo | $155,000 | $93 | 50 |
| 4029 Royal St | 0.31mi | 3/3.0 (-1) | 2,056 (+14%) | 5mo | $487,000 | $237 | 48 |
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
- 16.5%
- Equity multiple
- 1.66×
- Total profit
- $59,138
- Equity at exit
- $47,713
- IRR
- 24.7%
- Equity multiple
- 3.09×
- Total profit
- $187,469
- Equity at exit
- $27,668
Cash invested: $89,600 (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
- 21.1×
Monthly cashflow live
- Estimated rent
- $5,055 medium interval (Pro) →
- Mortgage (P&I)
- −$1,678
- Tax est. 1.5%
- −$400 /mo · $4,800/yr
- Insurance
- −$133
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$1,062
- Net cashflow
- $1,782
Break-even live
Sensitivity live
| Price | -10% $2,003 | -5% $1,893 | +0% $1,782 | +5% $1,671 | +10% $1,561 |
|---|---|---|---|---|---|
| Rent | -10% $1,383 | -5% $1,582 | +0% $1,782 | +5% $1,982 | +10% $2,181 |
| Rate | -1.0pp $1,943 | -0.5pp $1,863 | base $1,782 | +0.5pp $1,699 | +1.0pp $1,615 |
4-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 4× units | 2 | 1 | $5,056 |
| #1 | 2 | 1 | $1,264 |
| #2 | 2 | 1 | $1,264 |
| #3 | 2 | 1 | $1,264 |
| #4 | 2 | 1 | $1,264 |
| Total (4 units) | $5,055 | ||
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
- $80,000
- Closing costs
- $9,600
- 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 |
|---|---|---|---|---|---|---|---|---|
| 1323 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 4d | 1 | 0.19mi |
| 1325 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 4d | 1 | 0.19mi |
| 1325 Pauline St New Orleans, LA | 3.0 | 2.0 | 1792 | $2,250 | $1.26 | 4d | 1 | 0.19mi |
| 4317 Urquhart St New Orleans, LA | 3.0 | 2.0 | 1300 | $1,650 | $1.27 | 24d | 1 | 0.23mi |
| 1411 France St New Orleans, LA | 3.0 | 2.0 | 1525 | $2,000 | $1.31 | 24d | 1 | 0.23mi |
| 1403 Lesseps St New Orleans, LA | 3.0 | 3.0 | 1700 | $1,800 | $1.06 | 12d | 1 | 0.26mi |
| 4318 1/2 N Robertson St New Orleans, LA | 3.0 | 1.0 | 1250 | $1,150 | $0.92 | 4d | 1 | 0.30mi |
| 4318 N Robertson St New Orleans, LA | 3.0 | 1.0 | 1250 | $1,150 | $0.92 | 4d | 1 | 0.31mi |
| 4230 N Claiborne Ave New Orleans, LA | 3.0 | 2.5 | 1296 | $1,750 | $1.35 | 24d | 1 | 0.36mi |
| 1437 Gallier St New Orleans, LA | 3.0 | 2.0 | 1451 | $1,875 | $1.29 | 22d | 1 | 0.36mi |
| 3221 Saint Claude Ave New Orleans, LA | 3.0 | 1.0 | 1900 | $1,650 | $0.87 | 24d | 1 | 0.42mi |
| 5624-5626 Saint Claude ST New Orleans, LA | 4.0 | 3.0 | 1521 | $2,300 | $1.51 | 24d | 1 | 0.45mi |
| 3134 Burgundy St New Orleans, LA | 3.0 | 2.0 | 1887 | $2,900 | $1.54 | 24d | 1 | 0.55mi |
| 1231 Feliciana St New Orleans, LA | 3.0 | 2.5 | 1869 | $2,750 | $1.47 | 44d | 1 | 0.61mi |
| 1038 Montegut St New Orleans, LA | 3.0 | 2.5 | 2250 | $4,200 | $1.87 | 44d | 1 | 0.68mi |
| 1038 Montegut St New Orleans, LA | 3.0 | 2.5 | 2250 | $4,200 | $1.87 | 24d | 1 | 0.68mi |
| 1835 Louisa St New Orleans, LA | 3.0 | 2.5 | 1800 | $2,350 | $1.31 | 4d | 1 | 0.70mi |
| 1839 Louisa St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,095 | $1.40 | 17d | 1 | 0.70mi |
| 2019 Gallier St New Orleans, LA | 4.0 | 2.0 | 1400 | $2,200 | $1.57 | 24d | 1 | 0.71mi |
| 2028 Desire St New Orleans, LA | 3.0 | 1.0 | 1300 | $1,300 | $1.00 | 24d | 1 | 0.76mi |
| 619 Reynes St New Orleans, LA | 3.0 | 2.0 | 1318 | $2,100 | $1.59 | 17d | 1 | 0.87mi |
| 617 Forstall St New Orleans, LA | 3.0 | 2.0 | 1262 | $2,200 | $1.74 | 4d | 1 | 0.93mi |
| 2331 Feliciana St New Orleans, LA | 3.0 | 2.0 | 1250 | $1,850 | $1.48 | 24d | 1 | 1.08mi |
| 5459 Saint Claude Ave Unit 5461 New Orleans, LA | 4.0 | 2.0 | 1454 | $2,350 | $1.62 | 24d | 1 | 1.11mi |
| 5461 Saint Claude Ave New Orleans, LA | 4.0 | 2.0 | 1250 | $2,350 | $1.88 | 24d | 1 | 1.12mi |
| 119 Vallette St New Orleans, LA | 3.0 | 2.5 | 1500 | $2,100 | $1.40 | 24d | 1 | 1.15mi |
| 632 Mandeville St Unit 2B New Orleans, LA | 4.0 | 4.5 | 1337 | $4,500 | $3.37 | 18d | 1 | 1.16mi |
| 336 Elmira Ave New Orleans, LA | 3.0 | 1.0 | 1250 | $1,825 | $1.46 | 24d | 1 | 1.17mi |
| 2322 Burgundy St Unit C New Orleans, LA | 3.0 | 2.0 | 1250 | $2,200 | $1.76 | 24d | 1 | 1.19mi |
| 2320 N Rampart St New Orleans, LA | 3.0 | 3.0 | 2317 | $3,700 | $1.60 | 44d | 1 | 1.19mi |
| 2317 N Rampart St Unit 1272378P New Orleans, LA | 3.0–6.0 | 2.0–4.0 | 1581 | $4,154 | $2.63 | 4d | 2 | 1.20mi |
| 249 Vallette St New Orleans, LA | 4.0 | 2.0 | 1734 | $2,500 | $1.44 | 17d | 1 | 1.22mi |
| 701 Behrman Ave New Orleans, LA | 3.0 | 2.0 | 1368 | $2,300 | $1.68 | 4d | 1 | 1.25mi |
| 527 Atlantic Ave New Orleans, LA | 3.0 | 2.0 | 1800 | $2,050 | $1.14 | 24d | 1 | 1.26mi |
| 1314 Lamanche St New Orleans, LA | 4.0 | 1.0 | 1300 | $2,100 | $1.62 | 17d | 1 | 1.26mi |
| 807 Whitney Ave Unit 1 New Orleans, LA | 3.0 | 2.0 | 1262 | $1,500 | $1.19 | 4d | 1 | 1.35mi |
| 2228 Arts St New Orleans, LA | 3.0 | 2.0 | 2270 | $1,675 | $0.74 | 4d | 1 | 1.40mi |
| 1201 Gordon St New Orleans, LA | 3.0 | 2.5 | 1367 | $1,900 | $1.39 | 18d | 1 | 1.44mi |
| 729 Elmira Ave New Orleans, LA | 4.0 | 2.0 | 2000 | $2,000 | $1.00 | 17d | 1 | 1.45mi |
| 1418 Royal St Unit 1418 New Orleans, LA | 4.0 | 2.0 | 1300 | $2,450 | $1.88 | 24d | 1 | 1.47mi |
Listing history 19 events
-
2026-06-18days on market $320,000 Active 209 DOM
-
2026-06-17status $320,000 Active 208 DOM
-
2026-06-17days on market $320,000 Active Under Contract 208 DOM
-
2026-06-16days on market $320,000 Active Under Contract 207 DOM
-
2026-06-15days on market $320,000 Active Under Contract 206 DOM
-
2026-06-13days on market $320,000 Active Under Contract 204 DOM
-
2026-06-10days on market $320,000 Active Under Contract 201 DOM
-
2026-06-09days on market $320,000 Active Under Contract 200 DOM
-
2026-06-08days on market $320,000 Active Under Contract 199 DOM
-
2026-06-07days on market $320,000 Active Under Contract 198 DOM
-
2026-06-05days on market $320,000 Active Under Contract 195 DOM
-
2026-06-03days on market $320,000 Active Under Contract 194 DOM
-
2026-06-02days on market $320,000 Active Under Contract 193 DOM
-
2026-06-01days on market $320,000 Active Under Contract 192 DOM
-
2026-05-31days on market $320,000 Active Under Contract 191 DOM
-
2026-03-20price $320,000 1190-char remark
Show marketing remark (1215 chars)
Exceptional opportunity to acquire a commercially zoned raised double in the heart of the Historic Marigny/Tremé/Bywater Commercial District—one of New Orleans’ most vibrant and evolving corridors. This property offers tremendous flexibility for redevelopment or adaptive reuse, with zoning under the New Orleans Comprehensive Zoning Ordinance permitting a wide range of potential uses, including Hotel/Motel, Commercial Short-Term Rental, Recording Studio, Adult Day Care Facility, Art Gallery, or Studio. It is also preliminarily qualified for Historic Tax Credits as a contributing structure to the St. Claude Corridor Cultural District. The existing structure currently features residential tenants in both upper units, with workshop and music studio spaces on the ground floor. All lease agreements are month-to-month, allowing for maximum flexibility for new ownership. This is a rare chance to secure a high-visibility property with substantial redevelopment potential in one of New Orleans’ most creative and culturally rich neighborhoods. Property to be sold in “as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents.
-
2026-03-20price $320,000 1215-char remark
Show marketing remark (1215 chars)
Exceptional opportunity to acquire a commercially zoned raised double in the heart of the Historic Marigny/Tremé/Bywater Commercial District—one of New Orleans’ most vibrant and evolving corridors. This property offers tremendous flexibility for redevelopment or adaptive reuse, with zoning under the New Orleans Comprehensive Zoning Ordinance permitting a wide range of potential uses, including Hotel/Motel, Commercial Short-Term Rental, Recording Studio, Adult Day Care Facility, Art Gallery, or Studio. It is also preliminarily qualified for Historic Tax Credits as a contributing structure to the St. Claude Corridor Cultural District. The existing structure currently features residential tenants in both upper units, with workshop and music studio spaces on the ground floor. All lease agreements are month-to-month, allowing for maximum flexibility for new ownership. This is a rare chance to secure a high-visibility property with substantial redevelopment potential in one of New Orleans’ most creative and culturally rich neighborhoods. Property to be sold in “as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents.
-
2025-11-21$350,000 Active 1190-char remark
Show marketing remark (1215 chars)
Exceptional opportunity to acquire a commercially zoned raised double in the heart of the Historic Marigny/Tremé/Bywater Commercial District—one of New Orleans’ most vibrant and evolving corridors. This property offers tremendous flexibility for redevelopment or adaptive reuse, with zoning under the New Orleans Comprehensive Zoning Ordinance permitting a wide range of potential uses, including Hotel/Motel, Commercial Short-Term Rental, Recording Studio, Adult Day Care Facility, Art Gallery, or Studio. It is also preliminarily qualified for Historic Tax Credits as a contributing structure to the St. Claude Corridor Cultural District. The existing structure currently features residential tenants in both upper units, with workshop and music studio spaces on the ground floor. All lease agreements are month-to-month, allowing for maximum flexibility for new ownership. This is a rare chance to secure a high-visibility property with substantial redevelopment potential in one of New Orleans’ most creative and culturally rich neighborhoods. Property to be sold in “as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents.
-
2025-11-21$350,000 Active 1215-char remark
Show marketing remark (1215 chars)
Exceptional opportunity to acquire a commercially zoned raised double in the heart of the Historic Marigny/Tremé/Bywater Commercial District—one of New Orleans’ most vibrant and evolving corridors. This property offers tremendous flexibility for redevelopment or adaptive reuse, with zoning under the New Orleans Comprehensive Zoning Ordinance permitting a wide range of potential uses, including Hotel/Motel, Commercial Short-Term Rental, Recording Studio, Adult Day Care Facility, Art Gallery, or Studio. It is also preliminarily qualified for Historic Tax Credits as a contributing structure to the St. Claude Corridor Cultural District. The existing structure currently features residential tenants in both upper units, with workshop and music studio spaces on the ground floor. All lease agreements are month-to-month, allowing for maximum flexibility for new ownership. This is a rare chance to secure a high-visibility property with substantial redevelopment potential in one of New Orleans’ most creative and culturally rich neighborhoods. Property to be sold in “as is, where is" condition with a Waiver of Redhibition to be executed and made part of the sale documents.
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Nearby sold comps map
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Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $60,660
- − Mortgage interest
- −$17,925
- − Property taxes
- −$4,800
- − Insurance
- −$1,600
- − Repairs & maintenance
- −$4,853
- − Management
- −$4,853
- − Depreciation
- −$9,309
- Taxable income
- $17,320
- Est. tax owed @ 24.0%
- −$4,157
- After-tax cash flow
- $17,227/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 · 12 photos
This property requires moderate renovations, including painting, replacing windows, and updating the exterior siding, to improve its condition and value.
Repairs flagged
- Major Paint — Peeling paint on exterior and interior
- Major Windows — Old, possibly single-pane windows
- Major Flooring — Worn hardwood floors
- Major Exterior Siding — Weathered siding
Value-add opportunities
- Both Paint exterior and interior — Enhances curb appeal and interior aesthetics
- Both Replace windows — Improves energy efficiency and enhances curb appeal
- Both Refinish hardwood floors — Enhances interior aesthetics and value
- Both Replace exterior siding — Enhances curb appeal and value
Renovation cost estimate screening
| Repair item | Severity | Est. cost |
|---|---|---|
| Paint · Peeling paint on exterior and interior | Major | $15,000–50,000 |
| Windows · Old, possibly single-pane windows | Major | $15,000–50,000 |
| Flooring · Worn hardwood floors | Major | $15,000–50,000 |
| Exterior Siding · Weathered siding | Major | $15,000–50,000 |
| Total estimated repair cost · 4 items | $60,000–200,000 |
Value-add ROI direction
- Both Paint exterior and interior — Enhances curb appeal and interior aesthetics ↑
- Both Replace windows — Improves energy efficiency and enhances curb appeal ↑
- Both Refinish hardwood floors — Enhances interior aesthetics and value ↑
- Both Replace exterior siding — Enhances curb appeal and value ↑
ⓘ 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)
- 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
-8.6% since first listed4 events — show timeline
- 2026-03-20 Price Changed $320,000 AcadianaMLS
- 2026-03-20 Price Changed $320,000 GSREIN
- 2025-11-21 Listed $350,000 GSREIN
- 2025-11-21 Listed $350,000 AcadianaMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…