INVESTMENT OPPORTUNITY!!! Income-producing raised bungalow double in the New Marigny. Each side features two bedrooms, two bathrooms, and open-concept kitchen/living areas with hardwood floors, tall ceilings, mantles, and ornate wall moldings that highlight the homes historic character. Both units offer separate washer/dryer hookups and single garage parking, plus access to a small fenced courtyard. Currently leased to long-term tenants at $1,000 per month each, the property generates $24,000 in gross annual income. The raised basement, with impressive ceiling height, provides untapped potential for storage, studio, workshop, or expanded garage use. With stable tenants in place, solid cash flow, and room for future upside, this double is a smart portfolio addition in a desirable New Marigny location.
Active
Price cut: $15K (11/22)
$229,000
New Orleans, LA 70119
4beds
1,816sqft
Est.:
Duplex, Multi Family, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$126/sqft
$-- HOA
What's special
Single garage parkingSmall fenced courtyardRaised basementTwo bathroomsImpressive ceiling heightHardwood floorsTall ceilings
- 72 days |
- 460 |
- 31 |
Zillow last checked: 8 hours ago
Listing updated: November 23, 2025 at 11:00am
Listed by:
Stephen Witt-Schoen 504-224-0583,
Compass Historic (LATT09) 504-948-3011,
Brandon Witt-Schoen 303-905-5547,
Compass Historic (LATT09)
Source: GSREIN,MLS#: 2523522
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air
Interior area
- Total interior livable area: 1,816 sqft
Property
Parking
- Parking features: Garage, Two Spaces
- Has garage: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Exterior features: Fence, Porch
- Pool features: None
Lot
- Size: 4,652.7 Square Feet
- Dimensions: 39 x 119.3
- Features: 1 to 5 Acres, City Lot
Details
- Parcel number: 37W203121
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Wood Siding
- Foundation: Raised
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $126/sqft
- Date on market: 9/26/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2025 | Price change | $229,000-6.1%$126/sqft |
Source: | ||
| 10/30/2025 | Price change | $244,000-2%$134/sqft |
Source: | ||
| 9/30/2025 | Listed for sale | $249,000$137/sqft |
Source: | ||
| 7/16/2015 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,243 -1.5% | $16,990 |
| 2024 | $2,277 -14.4% | $16,990 -6.9% |
| 2023 | $2,659 +8.7% | $18,250 +4.9% |
BuyAbility℠ payment
Est. payment
$1,337/mo
Principal & interest
$1097
Property taxes
$160
Home insurance
$80
Climate risks
Neighborhood: Seventh Ward
Nearby schools
GreatSchools rating
- 8/10Mary McLeod Bethune Elementary School of Literature & TechnologyGrades: PK-8Distance: 1.1 mi
- NAMcDonogh 35 College Preparatory SchoolGrades: 9-12Distance: 1.7 mi
- 7/10Benjamin Franklin Elementary Math And ScienceGrades: PK-8Distance: 4.9 mi
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