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8-Unit Multifamily Property

2417 Gravier St, New Orleans, LA 70119

For Sale
$474,900

Two buildings provide a mix of one- and two-bedroom residences near services and transit.

Property Size4,320 SF
Price / SF$109.93
Days on Market24

Property Features for 2417 Gravier St

General Information

Standard status Active
Size 4,320 SF
Property subtype Residential Income

Site & Location

Neighborhood Mid-City
Highway Access Yes
Public Transit Yes

Units

Unit Mix 4 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units 8

Building Details

Buildings 2
Listing Agency: Compass Westbank
Listed By: Anthony J Grosch · License LA #000037994
Source: Exprealty
Added: Oct 22 Changed: Nov 13 Last Checked: Nov 12 at 10:32AM

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 Compass Westbank

Rey
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Investment Insights

Based on property information with market context.

This multifamily property comprises two buildings with eight units in total. Four residences have one bedroom and one bathroom, while the other four offer two bedrooms and one bathroom. Combined building area is 4,320 square feet. The property is being sold as-is, with no repairs to be made by the seller.

Stores, restaurants, hospitals, and bus lines are nearby. I-10 provides access to downtown New Orleans.

Key Highlights

  • Eight units across two buildings, with four units in each building
  • 4,320 square feet of building area
  • Four one‑bedroom, one‑bath units and four two‑bedroom, one‑bath units

Property Analytics

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Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,565
Businesses Nearby

Demographics for 70119, LA

38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in New Orleans, LA

$177 Jul
$176 Aug
$182 Sep
$179 Oct

Properties on Market for Multifamily properties in New Orleans

Jul
Aug
Sep
Oct

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?
Multifamily property - Two buildings provide a mix of one- and two-bedroom residences near services and transit.
Where is this multifamily property located?
The property is located at 2417 Gravier St New Orleans, LA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Eight units across two buildings, with four units in each building; 4,320 square feet of building area; Four one‑bedroom, one‑bath units and four two‑bedroom, one‑bath units
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