2714 N Galvez Street
New Orleans, LA 70117
- 12 beds
- 6 baths
- 5,252 sqft
- $114 per sqft
- 1960 build
1031 Exchange or as a Cash Cow! This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month — well below market value — creating an exceptional opportunity for investors to maximize rental income. Section 8 Rent Potential: 1 Bedroom Units: $1,149/month each x 2 units = $2,298/month 2 Bedroom Units: $1,362/month each x 2 units = $2,724/month 3 Bedroom Units: $1,750/month each x 2 units = $3,500/month Total Potential Section 8 Income: $8,522/month That’s a $102,264/year potential income! Key Features: Fully Renovated in 2023 from the studs up Professionally Managed, cash-flowing Section 8 rental Upstairs Units: 2 x 3-bedroom, 1-bath units with updated kitchens, hardwood floors, and open floor plans Downstairs Units: 4 units — 2 x 2-bedroom, 1-bath and 2 x 1-bedroom, 1-bath units, each with separate water & electricity meters and central air Ample Storage space throughout the building This is your chance to own a premium investment property that is cash-flowing and poised for growth. Whether you're looking for steady monthly income or a 1031 Exchange opportunity, this property is a standout. Bonus: Seller Financing & Bond for Deed Friendly! This turnkey property won’t last long! Owner/Agent is a licensed real estate professional. Don’t miss out – schedule a viewing today!
Last checked:
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Last updated Feb 15, 2025
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MLS# 2467261 —
The Building
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Year Built:1960
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Construction Materials:Block, Concrete, Wood Siding
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Architectural Style:Traditional
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Building Area Source:Assessor
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Roof:Shingle
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Foundation:Slab
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Window Features:Screens
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Exterior Features:Balcony, Fence
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Patio Features:Balcony
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Levels:Two
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Stories:2
Interior
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Living Area:5252
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Living Area Source:Assessor
Financial & Terms
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Home Warranty:No
Location
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Cross Street:ST FERDINAND AND PORT STREET
The Property
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Parcel Number:701172714NGalvezST12
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Property Type:Residential Income
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Property Subtype:Apartment
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Property Subtype Additional:Apartment
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Property Condition:Excellent
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Lot Features:City Lot, Irregular Lot
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Lot Size Area:0.1147
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Lot Size Acres:0.1147
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Lot Size Dimensions:30X124,24X31
Listing Agent
- Contact info:
- Agent phone:
- (678) 250-4114
- Office phone:
- (678) 250-4114
Taxes
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Tax Lot:12
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Tax Legal Description:SQ 1014 LOT 12 30X141 & PT 10-11 24X32 C/BLOCK FR BLDG 6/APTS 34/RMS 2714-16 N.ALVEZ ST
Beds
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Bedrooms Total:12
Baths
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Full Baths:6
The Listing
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Current Price:$599,999
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Special Listing Conditions:None
Heating & Cooling
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Heating:Ductless, Window Unit, Wall Furnace
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Heating:Yes
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Cooling:Window Unit(s)
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
Parking
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Parking Features:Off Street, Parking Lot
Extra Units
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# of Units Total:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/6/25
Feb 6, 2025
|
Price Changed | GSREIN | $599,999 | -4.0% |
|
1/8/25
Jan 8, 2025
|
Price Changed | GSREIN | $624,999 | -3.8% |
|
12/11/24
Dec 11, 2024
|
Price Changed | GSREIN | $649,999 | -7.1% |
