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    2623 Washington Ave New Orleans, LA 70113

    • Investment properties
    • 2,862 SF
    • 0.08 lot acres
    For Sale
    View listing
    $420,000
    Value Estimation
    Location Intelligence
    Property ID
    US36-0777005
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Barber's Beauty Gossip / Barber Shop

    Property Details for 2623 Washington Ave

    Year built
    1940
    Lot size
    0.08 lot acres
    Property size
    2,862 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    412303411
    APU
    412303411

    Description

    This exceptional three-unit mixed-use property at 2623 Washington Ave, New Orleans, LA 70113, is offered at $420,000. The 2,862 square foot building sits on a 0.08-acre lot and features one ground-floor retail space and two residential units, each boasting two bedrooms and one bathroom. Currently vacant, this presents a significant value-add opportunity with substantial income potential. The property's prime location is just three blocks from the bustling S. Claiborne Avenue corridor, home to numerous national retailers including Raising Cane's, McDonald's, TJ Maxx, and more, ensuring high visibility and foot traffic. Convenient access to I-10 and the Central Business District within 10-15 minutes adds to its appeal. The property also benefits from a large fenced rear yard and ample on-street parking. The permitted zoning is HU-MU, offering flexibility for future development. The property's APN is 412303411. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving New Orleans neighborhood. The building is a two-story structure, offering a unique blend of retail and residential space. Don't miss this chance to capitalize on the strong rental market and create a lucrative investment portfolio.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0923
    Latitude
    29.9399
    CBSA code
    35380
    CBSA name
    NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $2,850
    $23,020
    $25,870
    -
    $28,500
    $170,500
    $199,000

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    2623 Washington Ave
    New Orleans, LA 70113
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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