621 Alvar Street
New Orleans, LA 70117
8
Bed
4
Bath
3,095Sqft
The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Full Baths: 4Roofing Information
Shingle -
Interior Features
Roof: ShingleLaundry Features: In Unit -
Heating & Cooling
Has Heating: Yes Heating: Gas Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1925Construction Materials: HardiPlank TypeStories: 2Patio And Porch Features: Balcony, PorchPool Features: NonePrivate Pool: No -
Exterior Features
Exterior Features: Balcony, Fence, Porch
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Lot Information
Lot Dimensions: 33' x 119' Lot Description: City Lot,Rectangular Lot
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Listing Price Information
Listing Price: $515000Original Price: $599000
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Tax Information
Parcel Number: 621-ALVARST Tax Legal Desc: SQ 133 LOT J 33 X119 621-23 ALVAR ST
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Virtual Tour
Parking Information
None
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Location Information
Direction: Map apps work great WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1914 Elysian Fields Ave.., New Orleans, LA, 70117 | $350,000 | 4 | 4 | 2,873 | 2,873 SqFt |
| 1216 18 Louisa Street, New Orleans, LA, 70117 | $289,000 | 4 | 2 | 2,011 | 2,011 SqFt |
| 1218 20 Bartholomew Str.., New Orleans, LA, 70117 | $359,000 | 4 | 2 | 1,794 | 1,794 SqFt |
| 2017-19 Gallier Street, New Orleans, LA, 70117 | $429,000 | 7 | 4 | 3,040 | 3,040 SqFt |
| 1033-1035 Port Street, New Orleans, LA, 70117 | $469,000 | 5 | 3 | 2,215 | 2,215 SqFt |
| 716-718 Delery Street, New Orleans, LA, 70117 | $205,000 | 4 | 2 | 1,800 | 1,800 SqFt |
| 1205 Delery Street, New Orleans, LA, 70117 | $260,000 | 3 | 3 | 2,004 | 2,004 SqFt |
| 2321 23 Chartres Street, New Orleans, LA, 70117 | $650,000 | 4 | 4 | 2,348 | 2,348 SqFt |
| 1526-28 Gallier Street, New Orleans, LA, 70117 | $315,000 | 6 | 2 | 1,550 | 1,550 SqFt |
| 4504 06 St Claude Avenue, New Orleans, LA, 70117 | $284,500 | 4 | 2 | 1,566 | 1,566 SqFt |
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ByOwner last updated this listing 07/25/2026 @ 14:21
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