New Orleans Multifamily Development
For Sale
$375,000
Pending
1415-17 ALVAR Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property Size5,040 SF
Lot Size0.11 Acres
Days on Market319
Property Features for 1415-17 ALVAR Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Garage
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) 300-0700
Added: Sep 15, 2025
Changed: Jul 30
Last Checked: Jul 30 at 9:06PM
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 large 5040 square foot building is situated in a desirable location. The two upstairs units feature hardwood floors and fine craftsmanship, and have been exceptionally maintained. There is a development opportunity to renovate the downstairs area into separate units, which already have plumbing, electric, and multiple points of entry. This could potentially convert the building into a four-unit property. The roof is 3 years old, and the property is located in flood zone X. If converting to four units, one unit must remain available for someone earning 80% Area Median Income, whereas the other units don't have that requirement. The lot size is 0.1093 acres.
Key Highlights
- Large 5,040 sq ft building with potential to renovate the downstairs into separate units
- Two upstairs units feature hardwood floors and have been exceptionally maintained
- Downstairs has plumbing, electric, and multiple points of entry for conversion into additional units
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 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: Large 5,040 sq ft building with potential to renovate the downstairs into separate units; Two upstairs units feature hardwood floors and have been exceptionally maintained; Downstairs has plumbing, electric, and multiple points of entry for conversion into additional units
