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2-Unit Duplex with Garage Parking
For Sale
$375,000
Pending

1415-17 Alvar Street, New Orleans, LA 70117

Raised residential income property with separate utility metering, hardwood floors, and covered vehicle storage.

Property Size5,040 SF
Days on Market445

Property Features for 1415-17 Alvar Street

General Information

Standard status Pending
Size 5,040 SF
Property subtype MULTI FAMILY FOR SALE / Townhouse

Additional Details

Utilities to Site Yes
Multifamily Units 2

Amenities

garage parking
Central Air
Central
2
4
Asphalt
Other
Balcony,
Pillar/Post/Pier
Cedar
, Porch

Building Details

Year Built 1942
Buildings 1
Listing Agency: REVE, REALTORS
Listed By: Zachary Russell · License #995702384
Source: Compass
Added: Jun 14, 2025 Changed: Aug 31 Last Checked: Aug 30 at 11:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REVE, REALTORS

Investment Insights

Based on property information with market context.

This raised duplex contains 5,040 square feet, with each side measuring 2,520 square feet. The property is configured as two residences and includes hardwood flooring, central air, garage parking, driveways, balconies, and porch areas. Separate utility meters serve each side. Built in 1942, the building has a three-year-old roof and has been maintained with detailed interior woodwork and traditional craftsmanship.

The property is located at 1415-17 Alvar Street in New Orleans, Louisiana, within preferred Flood Zone X. The existing layout provides substantial space on both sides, while the lower level is identified as having potential for reconfiguration into two additional apartments, subject to applicable approvals and requirements.

Key Highlights

  • 5,040‑square‑foot raised duplex with two 2,520‑square‑foot sides
  • Lower level identified for potential conversion into two additional apartments
  • Separate utility meters for each side

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic Parking Lot & Garage Bakery Real Estate Agency Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

914
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Raised residential income property with separate utility metering, hardwood floors, and covered vehicle storage.
Where is this duplex 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 raised duplex with two 2,520‑square‑foot sides; Lower level identified for potential conversion into two additional apartments; Separate utility meters for each side
More about this property
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