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    1415-17 Alvar St New Orleans, LA 70117

    For Sale
    $380,000

    Raised Basement, 4 Plex - New Orleans, LA

    Property size:
    5,040 SF
    Lot size:
    0.11 Acres
    Days on Market:
    86
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 1415-17 Alvar St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Patio and Porch features
    Porch
    EntryLevel
    2
    Exterior features
    Balcony, Fence, Porch
    Fencing
    Fenced
    Size
    5,040 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Building materials
    Cedar
    Roof type
    Shingle
    Architectural style
    Other

    Rêve | Realtors (504) 300-0700 [email protected]

    Listing agent Zachary Russell (504) 300-0700

    Listing date Sep 19, 2025

    MLS# 2521758 Listing URL

    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Orleans 4-Plex Opportunity

    This is a large 5040 square foot building situated in a desirable location. The property currently features two upstairs units showcasing hardwood floors and fine craftsmanship, reflecting exceptional maintenance. A development opportunity exists to renovate the downstairs area into separate units, with existing plumbing, electric, and multiple points of entry already in place. This renovation has the potential to convert the building into a 4-unit property. The roof is 3 years old, and the property is located in flood zone X. The property is located in New Orleans, LA. The lot size is 0.1093 acres. The intended use of the property is for residential income. If converting to 4 units, one unit must remain available for someone earning 80% Area Median Income, whereas the other units don't have that requirement.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0352339
    Latitude
    29.9691871

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    FAQs

    What type of property is this?
    Quadplex - Large building with renovation potential in a great location.
    Where is this quadplex located?
    The property is located at 1415-17 Alvar St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: - Development opportunity to convert downstairs into two additional units, increasing rental income potential.; - Large 5040 sq ft building in a desirable location.; - Potential for significant rental income based on HANO payment standards.
    (504) 300-0700
    Request Owner's contact information
    1415-17 Alvar St New Orleans, LA 70117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1415-17 Alvar St New Orleans, LA 70117
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