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Duplex with Lower-Level Renovation Potential
New
For Sale
$375,000

1415-17 ALVAR Street, New Orleans, LA 70117

Multi-Family, Raised Basement, New Orleans, LA

Property Size5,040 SF
Lot Size0.11 Acres
Price / SF$74.40
Days on Market4

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 Active
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
Listed By: Zachary Russell · License #995702384
Added: Oct 2 Last Checked: Oct 5 at 11:06AM
MLS# 2579862

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.

Built in 1942, this 5,040-square-foot duplex has two upper-level units with hardwood flooring. The lower level has plumbing, electrical service, and multiple entry points, providing existing infrastructure for a potential renovation. A shingle roof was installed three years ago. The property also includes central heating and air conditioning, a balcony, a porch, fencing, and garage and off-street parking.

The 0.1093-acre property is in FEMA flood zone X and receives public water service. The current configuration is two units; converting the lower level into additional units would require renovation and is not represented as completed.

Key Highlights

  • 5,040‑square‑foot building with two existing upper‑level units
  • Lower level has plumbing, electrical service, and multiple entry points
  • Shingle roof installed three years ago

Property Analytics

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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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Existing plumbing, electrical service, and multiple entry points support consideration of a lower-level renovation.
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 building with two existing upper‑level units; Lower level has plumbing, electrical service, and multiple entry points; Shingle roof installed three years ago
More about this property
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