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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 $360,000, 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 : ResidentialIncome

Price : $339,500

AD Id : 78313479

MLS Id : 2556130

Beds : 8

Lot Size : 0.09 Acre

Living Area Size : 3,340

Year Built : 1920

County : Orleans

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Full Baths: 4

    Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: Ductless, WallFurnace Has Cooling: Yes Cooling: WindowUnits

  • Building Information

    Year Built: 1920
    Construction Materials: WoodSiding
    Stories: 2
    Patio And Porch Features: Balcony
    Pool Features: None
    Private Pool: No
  • Exterior Features

    Exterior Features: Balcony

  • Lot Information

    Lot Dimensions: 32 x 127 Main Square Feet: 0.0933 Lot Size Acres: 0.0933 Lot Description: CityLot,RectangularLot

  • Listing Price Information

    Listing Price: $339500
    Original Price: $375000

  • Tax Information

    Parcel Number: 105308803 Tax Legal Desc: SQ 820 LOT 3 SOUTH OLYMPIA 32 X 127 M/A CHNG 1/17/06

  • Location Information

    WaterSource: Public
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Nearby Home Value

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2080/82 N Rocheblave St.., New Orleans, LA, 70119 $339,700 10 3 3,368 3,368 SqFt
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2421 23 Columbus Street, New Orleans, LA, 70119 $509,000 6 4 2,400 2,400 SqFt
608 10 N St Patrick Str.., New Orleans, LA, 70119 $375,000 4 4 2,850 2,850 SqFt
431 & 429 S Genois Street, New Orleans, LA, 70119 $415,000 6 2 1,979 1,979 SqFt
4149-51 Canal Street, New Orleans, LA, 70119 $580,000 5 3 2,902 2,902 SqFt
527 S Galvez Street, New Orleans, LA, 70119 $290,000 4 -- 1,644 1,644 SqFt
4532-34 Orleans Avenue, New Orleans, LA, 70119 $759,000 8 6 4,488 4,488 SqFt
4227-29 Saint Ann Street, New Orleans, LA, 70119 $735,000 6 -- 3,828 3,828 SqFt
4125 27 D'hemecourt Str.., New Orleans, LA, 70119 $265,000 4 2 1,716 1,716 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/07/2026 @ 17:14

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

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