Multi-family
2112-14 Conti St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.6%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 6 days/yr
- Hot days in 30 yrs
- 18 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 A- 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
- DSCR +10.0/10.0
- 1% rule +9.8/10.0
- Appreciation +4.4/10.0
- Livability +4.0/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
$215,000
🖨 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
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
Key facts
- Treme double
- Freshly painted
- Move in ready
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath multifamily listed at $215k.
Deal economics
- At list price, monthly cash flow is $973 ($12k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $215k).
- Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
- Cap rate 12.1% 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 flat; 83 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $3,189/mo this rent would consume 197% of the median local household income ($19k/yr) (locally 795% 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 (-1.2%/yr); year-one equity from $1k of loan paydown is wiped out by about $3k 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 (-1.2% appreciation + 0.9% rent growth), your $60k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 122 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
- 7 sale attempts since 18y ago; this cycle's ask has dropped $22k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $150k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1935 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/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 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1935 — 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
- 1.48% ✓
- Cap rate
- 12.09%
- Cash-on-cash
- 20.72%
- DSCR
- 1.92
- GRM
- 5.6
CMA / ARV
- ARV (median comp)
- $327,292
- List price
- $215,000
- Delta
- -34.31%
- 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 |
|---|---|---|---|---|---|---|---|
| 2216-18 Saint Louis St | 0.10mi | 4/2.0 | 1,689 (-7%) | 1mo | $335,000 | $198 | 83 |
| 2025 Conti St | 0.06mi | 4/2.0 | 1,680 (-8%) | 7mo | $285,000 | $170 | 78 |
| 2013-15 Conti St | 0.07mi | 4/2.0 | 1,610 (-12%) | 5mo | $65,000 | $40 | 73 |
| 917 N Prieur St | 0.40mi | 4/2.0 | 1,700 (-7%) | 4mo | $315,000 | $185 | 68 |
| 2617 Toulouse St | 0.38mi | 4/4.0 | 1,750 (-4%) | 1mo | $215,000 | $123 | 67 |
| 2615 26 Saint Ann St | 0.47mi | 4/2.0 | 1,900 (+4%) | 5mo | $125,000 | $66 | 66 |
| 2601 03 St Ann St | 0.45mi | 4/2.0 | 1,946 (+7%) | 5mo | $220,000 | $113 | 63 |
| 2912 14 St. Peter St | 0.66mi | 4/2.0 | 1,912 (+5%) | 2mo | $290,000 | $152 | 59 |
| 1432-1434 Ursulines Ave | 0.65mi | 4/1.0 | 1,888 (+4%) | 6mo | $228,000 | $121 | 55 |
| 2437 Dumaine St | 0.44mi | 4/3.0 | 2,015 (+11%) | 10mo | $306,000 | $152 | 50 |
| 2755 Banks St | 0.67mi | 4/4.0 | 1,920 (+6%) | 5mo | $285,000 | $148 | 47 |
| 2738 40 St Ann St | 0.58mi | 4/2.0 | 1,580 (-13%) | 10mo | $308,000 | $195 | 43 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-1.18% appreciation · 0.95% rent growth · sell at horizon
- IRR
- 14.3%
- Equity multiple
- 1.63×
- Total profit
- $37,722
- Equity at exit
- $50,087
- IRR
- 18.8%
- Equity multiple
- 2.72×
- Total profit
- $103,382
- Equity at exit
- $51,068
Cash invested: $60,200 (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 70112
- Home prices YoY
- -0.8%
- Rents YoY
- 0.9%
- Active inventory
- 83
- Price-to-rent
- 11.2×
Monthly cashflow live
- Estimated rent
- $3,189 high interval (Pro) →
- Mortgage (P&I)
- −$1,127
- Tax from tax record
- −$263 /mo · $3,153/yr
- Insurance
- −$90
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$670
- Net cashflow
- $973
Break-even live
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1 | $3,190 |
| #1 | 2 | 1 | $1,595 |
| #2 | 2 | 1 | $1,595 |
| Total (2 units) | $3,189 | ||
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
- $53,750
- Closing costs
- $6,450
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2105 Bienville St New Orleans, LA | 3.0 | 3.0 | 1231 | $2,350 | $1.91 | 17d | 1 | 0.03mi |
| 2033 Conti St New Orleans, LA | 3.0 | 3.0 | 1249 | $2,250 | $1.80 | 14d | 1 | 0.08mi |
| 2024 Bienville St New Orleans, LA | 3.0 | 2.0 | 1314 | $2,100 | $1.60 | 23d | 1 | 0.08mi |
| 315 N Miro St New Orleans, LA | 3.0 | 3.0 | 1276 | $2,300 | $1.80 | 20d | 1 | 0.10mi |
| 315 N Miro St New Orleans, LA | 3.0 | 3.0 | 1276 | $2,500 | $1.96 | 23d | 1 | 0.10mi |
| 1908 Saint Louis St New Orleans, LA | 3.0 | 3.0 | 1234 | $2,300 | $1.86 | 23d | 1 | 0.17mi |
| 324 N Roman St New Orleans, LA | 3.0 | 3.0 | 2100 | $2,500 | $1.19 | 43d | 1 | 0.19mi |
| 2129 Dumaine St New Orleans, LA | 3.0 | 2.0 | 1226 | $1,850 | $1.51 | 3d | 1 | 0.39mi |
| 1929 Dumaine St New Orleans, LA | 3.0 | 1.0 | 1293 | $1,500 | $1.16 | 3d | 1 | 0.41mi |
| 2517 Palmyra St New Orleans, LA | 3.0 | 2.0 | 1306 | $2,100 | $1.61 | 17d | 1 | 0.41mi |
| 326 S Dorgenois St Unit 326 New Orleans, LA | 4.0 | 3.0 | 1510 | $2,300 | $1.52 | 2d | 1 | 0.48mi |
| 2738 Bienville St New Orleans, LA | 4.0 | 3.0 | 1671 | $2,200 | $1.32 | 23d | 1 | 0.49mi |
| 2731 Saint Philip St Unit 2733 New Orleans, LA | 4.0 | 2.0 | 2000 | $2,600 | $1.30 | 23d | 1 | 0.68mi |
| 824 N Dupre St New Orleans, LA | 3.0 | 2.0 | 1315 | $2,250 | $1.71 | 17d | 1 | 0.68mi |
| 2645 Gravier St Unit 2645-A New Orleans, LA | 3.0 | 1.0 | 1290 | $1,595 | $1.24 | 23d | 1 | 0.69mi |
| 2912 Palmyra St Unit D New Orleans, LA | 3.0 | 2.0 | 1257 | $1,650 | $1.31 | 23d | 1 | 0.71mi |
| 227 S Gayoso St Unit 2h New Orleans, LA | 3.0 | 2.0 | 1800 | $2,500 | $1.39 | 43d | 1 | 0.74mi |
| 618 N Rampart St #204 New Orleans, LA | 3.0 | 2.5 | 1904 | $4,500 | $2.36 | 43d | 1 | 0.74mi |
| 1011 Canal St Unit 1513926P New Orleans, LA | 1.0–4.0 | 1.0–4.0 | 1016 | $12,077 | $11.88 | 1d | 2 | 0.77mi |
| 1011 Canal St Unit 1513939P New Orleans, LA | 4.0 | 4.0 | 1765 | $11,253 | $6.38 | 23d | 1 | 0.77mi |
| 1021 Henriette Delille St New Orleans, LA | 3.0 | 2.0 | 2012 | $2,250 | $1.12 | 17d | 1 | 0.78mi |
| 2651 Poydras St New Orleans, LA | 1.0–4.0 | 1.0–2.0 | 1095 | $2,545 | $2.32 | 1d | 16 | 0.79mi |
| 939 Iberville St New Orleans, LA | 1.0–3.0 | 1.0 | 1502 | $3,800 | $2.53 | 11d | 7 | 0.81mi |
| 1433 Esplanade Ave New Orleans, LA | 3.0 | 2.0 | 2411 | $5,000 | $2.07 | 2d | 1 | 0.82mi |
| 811 Burgundy St New Orleans, LA | 4.0 | 2.5 | 2059 | $5,000 | $2.43 | 43d | 1 | 0.83mi |
| 810 Bienville St New Orleans, LA | 1.0–3.0 | 1.0–2.0 | 995 | $2,688 | $2.70 | 3d | 9 | 0.87mi |
| 426 S Lopez St New Orleans, LA | 4.0 | 3.0 | 1400 | $2,300 | $1.64 | 23d | 1 | 0.89mi |
| 2331 Columbus St New Orleans, LA | 3.0 | 1.0 | 1976 | $1,850 | $0.94 | 23d | 1 | 0.89mi |
| 1472 N Claiborne Ave New Orleans, LA | 3.0 | 1.0 | 1312 | $1,900 | $1.45 | 16d | 1 | 0.90mi |
| 2664 Lepage St New Orleans, LA | 3.0 | 2.0 | 1750 | $2,725 | $1.56 | 43d | 1 | 0.95mi |
| 2329 Laharpe St New Orleans, LA | 3.0 | 1.0 | 1250 | $1,000 | $0.80 | 20d | 1 | 0.96mi |
| 1247 Kerlerec St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,500 | $1.67 | 43d | 1 | 0.97mi |
| 1245 Kerlerec St New Orleans, LA | 3.0 | 2.0 | 1500 | $2,500 | $1.67 | 43d | 1 | 0.97mi |
| 1217 Kerlerec St Unit B New Orleans, LA | 3.0 | 1.0 | 1300 | $2,100 | $1.62 | 3d | 1 | 0.99mi |
| 518 S Rampart St New Orleans, LA | 3.0 | 2.0 | 1853 | $3,995 | $2.16 | 3d | 1 | 1.02mi |
| 305 S Norman C Francis Pkwy New Orleans, LA | 3.0 | 1.5 | 1730 | $2,500 | $1.45 | 14d | 1 | 1.02mi |
| 305 S Norman C Francis Pkwy New Orleans, LA | 3.0 | 1.5 | 1730 | $2,600 | $1.50 | 17d | 1 | 1.02mi |
| 822 Perdido St Unit 1272370P New Orleans, LA | 1.0–5.0 | 1.0–5.0 | 1447 | $5,974 | $4.13 | 3d | 4 | 1.03mi |
| 800 Gravier St Unit 1272312P New Orleans, LA | 2.0–4.0 | 2.0–4.0 | 1673 | $6,169 | $3.69 | 14d | 2 | 1.04mi |
| 1466 N White St New Orleans, LA | 3.0 | 1.5 | 1500 | $2,250 | $1.50 | 3d | 1 | 1.04mi |
Listing history 21 events
-
2026-06-07days on market $215,000 Active 122 DOM
-
2026-06-05days on market $215,000 Active 119 DOM
-
2026-06-03days on market $215,000 Active 118 DOM
-
2026-06-02days on market $215,000 Active 117 DOM
-
2026-06-01days on market $215,000 Active 116 DOM
-
2026-05-31days on market $215,000 Active 115 DOM
-
2026-04-29status Active 828-char remark
Show marketing remark (828 chars)
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
-
2026-04-28status Active 829-char remark
Show marketing remark (829 chars)
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
-
2026-04-10status Pending 828-char remark
Show marketing remark (829 chars)
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
-
2026-04-10historical Active Under Contract 829-char remark
Show marketing remark (829 chars)
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
-
2026-03-26price $215,000 828-char remark
Show marketing remark (829 chars)
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
-
2026-03-26price $215,000 829-char remark
Show marketing remark (829 chars)
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
-
2026-02-05$237,000 Active 828-char remark
Show marketing remark (829 chars)
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
-
2026-02-05$237,000 Active 829-char remark
Show marketing remark (829 chars)
Investor opportunity! Fabulous location for a Treme double in the vicinity of the new VA/UMC hospital complex. The property was fully rented with long term tenants up until being recently vacated for easier showing. Units have been freshly painted and are move in ready for an immediate income generating investment, or the property can see increased return on investment with some renovations. This property is in the heart of a blossoming neighborhood, one block from the delights of the Lafitte Greenway, as well as being just a quick stroll, bike or public transport to downtown NOLA and the French Quarter. New heating/cooling systems replaced in 2025, along with a newer roof installed in 2022. Both sides have an identical layout, and each side has its own separate backyard space, as well as side access from the street.
-
2017-03-13soldstatus $150,000
-
2016-12-05$155,000
-
2009-03-31soldstatus $43,000
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2008-09-10soldstatus $43,000
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2008-02-22$48,900
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2008-02-22$48,900
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2006-11-22soldstatus $110,000
ⓘ 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
- $3,153 · $263/mo
- Projected year-2 tax
- $3,153 · $263/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 8/10 Severe FEMA zone X (shaded) · 60% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 6 d/yr ≥108°F today · 18 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
- $38,268
- − Mortgage interest
- −$12,043
- − Property taxes
- −$3,153
- − Insurance
- −$1,872
- − Repairs & maintenance
- −$3,061
- − Management
- −$3,061
- − Depreciation
- −$6,255
- Taxable income
- $8,822
- Est. tax owed @ 24.0%
- −$2,117
- After-tax cash flow
- $9,559/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)
- 3,490
- Household income
- $19,395
- Rent vs Own
- Severe rent burden
- 795.0
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 0.65)
- Race & ethnicity
- Black 48% White 32% Asian 9% Hispanic / Latino 6% Two or more races 5%
- Hispanic origin (detail)
- Mexican 1%
- Common ancestry
- Lithuanian 7% Serbian 2% Romanian 1%
- Foreign-born
- 12% · China, Canada
- Languages at home
- 87% English-only · Spanish 4% Other Indo-European 3% Chinese 3%
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
- ▼ -1.18%
- Current HPI
- 149.1655
- Rent YoY
- ▲ 0.95%
- 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
+95.5% since first listed15 events — show timeline
- 2026-04-29 Relisted — AcadianaMLS
- 2026-04-28 Relisted — GSREIN
- 2026-04-10 Pending — AcadianaMLS
- 2026-04-10 Contingent — GSREIN
- 2026-03-26 Price Changed $215,000 AcadianaMLS
- 2026-03-26 Price Changed $215,000 GSREIN
- 2026-02-05 Listed $237,000 GSREIN
- 2026-02-05 Listed $237,000 AcadianaMLS
- 2017-03-13 Sold (Public Records) $150,000 Public Records
- 2016-12-05 Listed $155,000 AcadianaMLS
- 2009-03-31 Sold (Public Records) $43,000 Public Records
- 2008-09-10 Sold (MLS) $43,000 GSREIN
- 2008-02-22 Listed $48,900 AcadianaMLS
- 2008-02-22 Listed $48,900 GSREIN
- 2006-11-22 Sold (Public Records) $110,000 Public Records
Property tax history
+7.2%/yrLatest (2026): $3,153 · +1.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…