Renovation-Ready 4BR Income
2617 Toulouse Street New Orleans, LA 70119
For Sale
$250,000
Residential income property with 4 bedrooms and 4 bathrooms, currently generating $4,391 in rent.
Property Size1,750 SF
Price / SF$142.86
Days on Market212
Property Features for 2617 Toulouse Street
General Information
- Standard status
- Active
- Size
- 1,750 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing Agency:
Boyd Realtors, LLC
(504) 400-3945
Listed By:
Krissy Young-Boyd · License #995685849
(504) 400-3945
Source:
Compass
Added: Dec 23, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:30PM
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 Boyd Realtors, LLC
Investment Insights
Based on property information with market context.
This for-sale residential income property is configured as a multiunit house with 4 bedrooms and 4 bathrooms. The public remarks indicate it is positioned for flexible income use, including long-term rental or short-term rental opportunities, and the current reported rent is $4,391.
The property is described as being one house off Broad, with access to an outdoor backyard area. The remarks also note it is within walking distance of Whole Foods and near a movie theatre.
If you’re looking for a property that can support income while allowing buyer choice on how to operate it, this 4BR/4BA setup provides a straightforward starting point for renovation or continued leasing.
The property is described as being one house off Broad, with access to an outdoor backyard area. The remarks also note it is within walking distance of Whole Foods and near a movie theatre.
If you’re looking for a property that can support income while allowing buyer choice on how to operate it, this 4BR/4BA setup provides a straightforward starting point for renovation or continued leasing.
Key Highlights
- Currently generating $4,391 in rent
- 4 bedrooms and 4 full bathrooms (4 total baths)
- Single‑story home with entry level 1
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $23.28 |
| − Vacancy | −$3.7k | −$2.12 |
| EGI | $37.0k | $21.16 |
| − OpEx | −$16.7k | −$9.52 |
| NOI | $20.4k | $11.64 |
1,750 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$291.0K
$254.6K – $339.5K
NOI $20,368 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.9K
$400.7K – $534.2K
NOI $32,054 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Short term rental property - Residential income property with 4 bedrooms and 4 bathrooms, currently generating $4,391 in rent.
Where is this short term rental property located?
The property is located at 2617 Toulouse Street New Orleans, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Currently generating $4,391 in rent; 4 bedrooms and 4 full bathrooms (4 total baths); Single‑story home with entry level 1
