Active

211 S Olympia Street

New Orleans, LA 70119
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Bed 8

Bed

Bath 4

Bath

SqFt3,340

Sqft

Acres0.09

Acre(Lot)

This classic New Orleans fourplex at 211 S. Olympia Street presents the ideal hybrid for a savvy investor: immediate in-place rental income from two units paired with massive renovation upside. Priced at $375,000, this property is a prime value-add opportunity in one of the city's most resilient rental submarkets. The property consists of four 2-bedroom, 1-bathroom shotgun-style units, with the upper units featuring private balconies that offer charming neighborhood views.The heavy lifting on the infrastructure has already been handled, providing a rare head start with a new roof and a new sewer line already in place. Currently, two of the four units are occupied and generating rental income. This allows a new owner to collect rent from day one while focusing renovation efforts on the rema ining units, which are prime candidates for a transformation to capture top-of-market rents. The property is located in a high-demand pocket of Mid-City just steps from the Canal streetcar line, local eateries, and Bayou St. John. Furthermore, the property has been preapproved for State and Federal Historic Tax Credits, offering the potential of a significant financial advantage to offset renovation costs. Whether you are looking for your next BRRRR project or a strategic addition to your portfolio, this property offers the bones, the incentives, and the location to succeed. Bring your contractor and your vision to this Mid-City diamond in the rough.

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Detail Ic Property Details

Property Type : Residential Income

Price : $375,000

AD Id : 78313479

MLS Id : 2556130

Beds : 8

Lot Size : 0.09 Acre

Living Area Size : 3,340

Year Built : 1920

County : Orleans

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Full Baths: 4 Half Baths: 0

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Room Information

    Total Square Feet Living: 3340
  • Interior Features

    Roof: Shingle Exterior Property Features: Balcony Cooling Features: Window Unit(s) Heating Features: Ductless,Wall Furnace

  • Building Information

    Year Built: 1920 Roof: Shingle
  • Exterior Features

    Balcony

  • Lot Information

    Lot Features: City Lot,Rectangular Lot
  • Property Information

    SQ ft: 3,340 Source Listing Status: Active Property Subtype: Quadruplex Building Exterior Type: Wood Siding Foundation Details: Raised Property Age: 106 Property Condition: Average Condition Levels or Stories: Two

  • Listing Price Information

    Original List Price: $375,000

  • Tax Information

    Parcel Number: 105308803
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
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 $249,000 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
2338-40 Annette Street, New Orleans, LA, 70119 $203,000 6 2 2,100 2,100 SqFt

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ByOwner last updated this listing 06/23/2026 @ 01:56

MLS: 2556130 LISTED BY: Alex Peet, Wurth Real Estate Services 504-866-7000 SOURCE: NOMAR

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