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Income-Producing New Orleans Multi-Family Property
For Sale
$265,000

3121 N GALVEZ Street, New Orleans, LA 70117

Multi-Family, Ranch, New Orleans, LA

Property Size2,530 SF
Price / SF$104.74
Days on Market110

Property Features for 3121 N GALVEZ Street

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Parking features Driveway
Patio and Porch features Porch
Exterior features Porch
Lot features Regular
Subdivision FLORIDA AREA
Standard status Active
Size 2,530 SF

Taxes and HOA fees

Tax Description SQ 1075 LOTS 31 32 N GALVEZ 57X170 BR SGLE 11/RM GARAGE C/PORT & SHED A/R
Legal Description SQ 1075 LOTS 31 32 N GALVEZ 57X170 BR SGLE 11/RM GARAGE C/PORT & SHED A/R

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1949
Floors in Building 1
Number of units 2
Roof type Shingle
Architectural style Ranch
Listing Agency: KELLER WILLIAMS REALTY 455-0100
Listed By: Joyce Guidroz · License #995682077
Added: May 5 Changed: Aug 19 Last Checked: Aug 22 at 12:06PM
MLS# 2555913

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 income-producing multi-family property is located in New Orleans and features a spacious 3-bedroom, 2-bath owner's unit, along with a 1-bedroom, 1-bath unit, suitable for generating rental income. The property is situated on a large oversized lot and offers parking. The property size is 2530 square feet.

Key Highlights

  • Income‑producing double property: Ideal for generating rental income.
  • Spacious 3‑bedroom, 2‑bath owner's unit.
  • Additional 1‑bedroom, 1‑bath rental unit.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

478
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

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Multi-family property with owner's unit and rental income potential.
Where is this duplex located?
The property is located at 3121 N GALVEZ Street New Orleans, LA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Income‑producing double property: Ideal for generating rental income.; Spacious 3‑bedroom, 2‑bath owner's unit.; Additional 1‑bedroom, 1‑bath rental unit.
More about this property
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