Active

1516 Gentilly Boulevard

New Orleans, LA 70119

$300,000 $1,264/Mo

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Overview

Bed

Bath

1,904

Sqft

0.07

Acre(Lot)

Description

This Fairgrounds investment opportunity offers two dedicated units, 4 total bedrooms, 3 total baths, and 1,904 square feet of flexible income producing space in one of New Orleans most walkable and sought after locations. The downstairs unit features 3 bedrooms and 2 full baths, while the upstairs flat functions as a private 1 bedroom, 1 bath apartment with its own rear entrance and is currently leased for 1,100 dollars per month. Whether you hold both units as rentals or live downstairs while the upper flat offsets your mortgage, the income potential is already built in. The main level blends classic New Orleans character with comfortable living. Original wood floors, tall ceilings, and natural light set the tone as you step into a large living room that flows into the dining space. The k itchen offers solid wood cabinetry and a layout ready for your personal upgrades. Three bedrooms make the downstairs unit ideal for long term tenants, short term uses, or an owner occupant setup. Two full baths and a convenient laundry area complete the main level. The upper unit adds true investment value. A separate exterior staircase leads to a bright studio style apartment with its own kitchen, living and sleeping area, and a full bath featuring a clawfoot tub. With steady demand in this area, this unit continues to be a reliable source of income. Outside, the fenced yard and the screened front porch give both units enjoyable outdoor space and that signature neighborhood charm the Fairgrounds area is known for. Located just steps from the Fairgrounds and minutes from Bayou St. John, City Park, coffee shops, restaurants, and local markets, this property sits in a high demand rental zone where opportunities like this rarely come available. Homes with built in income, flexible layouts, and this kind of location do not stay long. Schedule your showing today and explore what this multi family property can add to your portfolio.

Property Details

Property Type : Residential Income

Price : $300,000

AD Id : 79430326

MLS Id : 2560296

Beds : 4

Lot Size : 0.07 Acre

Living Area Size : 1,904

Year Built : 1946

County : Orleans

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Full Baths: 3 Half Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer
Room Information

Total Square Feet Living: 1904 Total Rooms: 8
Interior Features

Roof: Shingle Exterior Property Features: Enclosed Porch,Fence Cooling Features: Central Air,Window Unit(s) Heating Features: Central,Window Unit

Building Information

Year Built: 1946 Roof: Shingle
Exterior Features

Enclosed Porch,Fence

Lot Information

Lot Features: City Lot,Rectangular Lot
Property Information

SQ ft: 1,904 Source Listing Status: Active Property Subtype: Duplex Building Exterior Type: Stucco,Wood Siding Foundation Details: Raised Property Age: 80 Property Condition: Very Good Condition Levels or Stories: Two

Listing Price Information

Original List Price: $300,000

Tax Information

Parcel Number: 37W300802

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1547 49 N Galvez Street, New Orleans, LA, 70119	$720,000	6	4	3,552	3,552 SqFt
4317-4319 S Carrollton .., New Orleans, LA, 70119	$469,900	6	2	2,184	2,184 SqFt
3309 11 Dumaine Street, New Orleans, LA, 70119	$450,000	2	2	1,802	1,802 SqFt
137 39 S Murat Street, New Orleans, LA, 70119	$530,000	4	2	2,128	2,128 SqFt
2400 Clouet Street, New Orleans, LA, 70119	$50,000	4	2	1,960	1,960 SqFt
2604 06 Frenchmen Street, New Orleans, LA, 70119	$299,999	5	4	2,550	2,550 SqFt
3100 02 Saint Philip St.., New Orleans, LA, 70119	$565,000	4	4	3,654	3,654 SqFt
2544 46 St Philip Street, New Orleans, LA, 70119	$269,000	4	2	1,633	1,633 SqFt
3030 Pauger Street, New Orleans, LA, 70119	$340,000	8	4	3,192	3,192 SqFt
2200 02 Annette Street, New Orleans, LA, 70119	$235,000	3	2	1,542	1,542 SqFt

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ByOwner last updated this listing 06/13/2026 @ 04:45

MLS: 2560296 LISTED BY: Louis Williams, Keller Williams Realty Services 985-727-7000 SOURCE: NOMAR