Home For Sale In New Orleans, Louisiana

house for sale

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Listed: 02/15/24

1718 Marais Street, Faubourg Marigny, New Orleans, LA 70116, USA

10 Bed:

5 Bath:

4,500 Sq Ft Living Area:

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Price

$ 849,000

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About This House

1714-16Marais Street is a 5-unit apartment complex that was recently constructed in 2022 and currently fully occupied. Nestled in a highly sought-after location that is minutes from the French Quarter, Treme, and Bywater, this property seamlessly combines luxury, convenience, and smart investment potential. The 3-story building consists of five (5) 2 bedroom1 bathroom units that are each approx. 900 square feet each. The immediate return on investment isevident as all five units are currently leased, offering a stable and predictable income stream. The building's construction prioritizes low maintenance, utilizing high-quality materials and energy-efficient features, ensuring minimal upkeep and reduced utility costs. Additionally, the property boasts low insurance costs due to its adherence to the latest safety standards and age of new roof. This investment promises long-term success, withthe property poised for significant appreciation over time. Schedule your viewing today andsecure your stake in this exceptional investment opportunity.

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Houses for sale in New Orleans

Original listing

Treme Housing & Living

Average sale prices for houses

4+ bed

Show as List Show as Graph

Month	Median Price
Apr 2024	$504,555 (0%)
Mar 2024	$504,555 (0%)
Feb 2024	$504,555 (0%)
Jan 2024	$504,555 (+6.9%)
Dec 2023	$472,000 (+13.5%)
Nov 2023	$415,920 (0%)

In April 2024, the asking price for 4 bed houses for sale in/near Treme, New Orleans, United States averaged $504,555, staying on the same level compared to the previous month.

Median price trends for properties for sale in Treme, New Orleans, United States as of April 2024.

Household Income

Median household income: $38,423

Number of households: 155,104

The average household income in New Orleans, LA grew from $36,999 to $38,423 in the past year. This data is an estimate based upon 155,104 households in New Orleans, LA.
The chart below presents how household income is distributed in New Orleans, LA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New Orleans, LA compared to median property taxes around the country. The prevalent amount of property taxes in New Orleans, LA equals $3k+ , which is less than the national average.

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