Quadplex Conversion
For Sale
$375,000
Pending
1415-17 ALVAR Street, New Orleans, LA 70117
Multi-Family, Raised Basement, New Orleans, LA
Property Size5,040 SF
Lot Size0.11 Acres
Days on Market355
Property Features for 1415-17 ALVAR Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Off Street
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch
Fencing
Fenced
Lot features
Oversized
Subdivision
St. Claude
Standard status
Pending
APN
39W310004
Size
5,040 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
SQ 596 LOT B ALVAR 40X119 DBLE 6/RM EA A/R & BASE 1415-17 ALVAR ST SEE E RECORD TAX REDEMPTION
Legal Description
SQ 596 LOT B ALVAR 40X119 DBLE 6/RM EA A/R & BASE 1415-17 ALVAR ST SEE E RECORD TAX REDEMPTION
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1942
Floors in Building
2
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Zachary Russell
(504) 493-9770
Added: Sep 15, 2025
Changed: Aug 26
Last Checked: Sep 4 at 12:06PM
MLS# 2521758
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,040-square-foot multifamily property at 1415-17 Alvar Street was built in 1942 on a 0.1093-acre lot. The two upper units feature hardwood flooring, balconies, a porch, central heating and central air. The lower level includes existing plumbing, electrical service, and multiple entrances, creating the physical basis for a potential conversion into two additional units. Any conversion would require applicable approvals, and one resulting unit must remain available to a household earning 80% of Area Median Income under the stated conditions.
The property includes a shingle roof installed approximately three years ago, public water service, a garage, off-street parking, fencing, and a location in Flood Zone X. The lower-level configuration and existing utility connections provide defined components for evaluating a four-unit plan.
The property includes a shingle roof installed approximately three years ago, public water service, a garage, off-street parking, fencing, and a location in Flood Zone X. The lower-level configuration and existing utility connections provide defined components for evaluating a four-unit plan.
Key Highlights
- 5,040‑square‑foot multifamily building on a 0.1093‑acre lot
- Two upper units with hardwood floors, balconies, porch, central heat, and central air
- Lower level has plumbing, electrical service, and multiple points of entry
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily building with two finished upper units and a lower level configured for potential additional residences.
Where is this quadplex located?
The property is located at 1415-17 ALVAR Street New Orleans, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,040‑square‑foot multifamily building on a 0.1093‑acre lot; Two upper units with hardwood floors, balconies, porch, central heat, and central air; Lower level has plumbing, electrical service, and multiple points of entry
