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Multifamily Property with Basement
For Sale
$135,000

3215 Louisiana Avenue Pkwy, New Orleans, LA 70125

A 1940-built property includes a gutted basement with an existing bathroom.

Property Size2,502 SF
Price / SF$53.96
Days on Market47

Property Features for 3215 Louisiana Avenue Pkwy

General Information

Standard status Active
Size 2,502 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence gutted

Building Details

Year Built 1940
Listing Agency: ACA Realty
Listed By: Frank James · License #000032663
Source: Fiorellaavenue
Added: Jul 21 Changed: Sep 4 Last Checked: Sep 5 at 11:35AM

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 ACA Realty

Investment Insights

Based on property information with market context.

Built in 1940, this multifamily property includes a basement area that has been gutted and contains an existing bathroom. The basement may be converted into additional living area, subject to applicable requirements.

The property is located at 3215 Louisiana Avenue Pkwy in New Orleans, Louisiana.

Key Highlights

  • Basement area is gutted and includes an existing bathroom
  • Basement may be converted into additional living area
  • Built in 1940

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Law Firm (Bike/Boat/Book/etc) Store Carpet & Flooring Store HVAC Service Home Appliance Store

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

1,692
Businesses Nearby

Demographics for 70125, LA

17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value

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?
Multifamily property - A 1940-built property includes a gutted basement with an existing bathroom.
Where is this multifamily property located?
The property is located at 3215 Louisiana Avenue Pkwy New Orleans, LA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Basement area is gutted and includes an existing bathroom; Basement may be converted into additional living area; Built in 1940
More about this property
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