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Duplex with Downstairs Conversion Potential
For Sale
$375,000

1415-17 ALVAR Street, New Orleans, LA 70117

Multifamily, New Orleans, LA

Property Size5,040 SF
Lot Size0.11 Acres
Price / SF$74.40
Days on Market24

Property Features for 1415-17 ALVAR Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 10
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 9, Bedroom 10, Bedroom 2
Parking 3
Parking features Off Street
Patio and Porch features Porch
Directions Turn left from St Claude, or right from N Robertson
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

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1942
Number of units 2
Building materials Cedar
Buildings 1
Listing Agency: REVE, REALTORS
Listed By: Zachary L Russell · License #995702384
Added: Oct 2 Changed: Oct 23 Last Checked: Oct 25 at 2:06PM
MLS# 2579862

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1942, this 5,040-square-foot cedar building has two existing units on the upper floor, with hardwood flooring and maintained interior finishes. The lower level includes plumbing, electrical service, and multiple points of entry, providing a basis for a possible renovation. The property occupies a 0.1093-acre lot and has a roof that is 3 years old.

The property is in Flood Zone X. Additional features include central heating and air conditioning, a porch, off-street parking, public water and sewer, and natural gas availability.

Key Highlights

  • 5,040‑square‑foot building on a 0.1093‑acre lot
  • Two existing upstairs units with hardwood floors
  • Lower level has plumbing, electrical service, and multiple points of entry

Property Analytics

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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
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - The lower level has plumbing, electrical service, and multiple entrances for a potential 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 on a 0.1093‑acre lot; Two existing upstairs units with hardwood floors; Lower level has plumbing, electrical service, and multiple points of entry
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