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Third St, New Orleans, Home For Sale
1110 Third St, New Orleans, Louisiana, 70130

Third St, New Orleans, Home For Sale

house for sale
Listed: 06/27/24

1110 Third St, New Orleans, Louisiana, 70130

7 Bed:
7 Bath:
4,765 Sq Ft Living Area:
Save
Price
$ 875,000

About This House

This income-producing beauty houses 6 rental units in a prime New Orleans location, steps off Magazine St in the heart of the Garden District. Currently generating $7300 monthly income with room for growth as some units are under-rented. The roof is less than 1 year old and the entire exterior has been refurbished and repainted. The shared laundry has a brand new washer/dryer. There is a large 2 bed/2 bath owner's unit downstairs which retains sole use of the driveway parking and the rear yard. Each unit has unique features and fun details throughout the building. Low-maintenance yard. Located in the Garden District Security Patrol District. This building stays fully rented all the time. Located in an X flood zone, …  Full description

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Garden District Housing & Living

Average sale prices for houses

3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 3 bed houses for sale in/near Garden District, New Orleans, United States averaged $490,704, a decrease of 34.1% from the previous month.
Median price trends for properties for sale in Garden District, New Orleans, United States as of May 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.