Outstanding Investment Opportunity in a Prime Location! Newer roof (2022); investment property since 2001. Charming, standalone singe-family home (1736 sq ft) with 3 bed / 2 baths, complete with spacious living areas & a white picket fence to add to the curb appeal. Above the 2-car garage, you will find a fabulous 1 bed / 1 bath apartment (927 sq ft) w/ stylish architectural design and finishes - perfect for rental income, guest accommodations or extended family. Two distinct addresses (1039 Marengo and 4026 Chestnut) with private entrances and shared courtyard. Top notch location, corner of Marengo and Chestnut, offers incredible walkability to a variety of Magazine St shops, restaurants, and cafes. Property is also within strolling distance to St. Charles Ave and Prytania Street, placing you in the heart of vibrant neighborhood amenities - including Mardi Gras! Whether you’re an investor seeking a lucrative rental or a homeowner looking for a unique multi-use space, this property offers tons of potential. Don’t miss out on this wonderful opportunity - schedule a visit today and envision the possibilities!
Closed
Price Unknown
1039 Marengo St, New Orleans, LA 70115
4beds
2,663sqft
Multi Family
Built in 1927
-- sqft lot
$553,100 Zestimate®
$--/sqft
$2,784 Estimated rent
Home value
$553,100
$481,000 - $636,000
$2,784/mo
Zestimate® history
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List your homeWhat's special
Shared courtyardNewer roofWhite picket fence
Zillow last checked:
Listing updated:
Listed by:
Margaret Stewart 504-616-4154,
Compass Uptown (LATT07)
Bought with:
Christine Westenberger
Fine Southern Properties, LLC
Source: GSREIN,MLS#: 2502473
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Description: Flooring: Wood
- Level: Second
Bedroom
- Description: Flooring: Wood
- Level: Second
Bedroom
- Description: Flooring: Wood
- Level: Second
Bedroom
- Description: Flooring: Wood
- Level: Second
Bathroom
- Description: Flooring: Tile
- Level: First
Bathroom
- Description: Flooring: Wood
- Level: Second
Dining room
- Description: Flooring: Wood
- Level: First
Kitchen
- Description: Flooring: Tile
- Level: First
Kitchen
- Description: Flooring: Wood
- Level: Second
Laundry
- Level: First
Living room
- Description: Flooring: Wood
- Level: First
Living room
- Description: Flooring: Wood
- Level: Second
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Laundry Room
Interior area
- Total interior livable area: 2,663 sqft
Property
Parking
- Parking features: Garage, Two Spaces
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony, Porch
- Exterior features: Balcony, Fence, Porch
- Pool features: None
Lot
- Size: 3,480 Square Feet
- Dimensions: 29 x 120
- Features: Corner Lot, City Lot
Details
- Parcel number: 1039
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Raised, Slab
- Roof: Other
Condition
- Average Condition
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Orleans
Financial & listing details
- Tax assessed value: $662,500
- Annual tax amount: $8,744
- Date on market: 5/20/2025
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2025 | Sold | -- |
Source:  GSREIN #2502473 Report a problem | ||
| 5/27/2025 | Contingent | $580,000$218/sqft |
Source: GSREIN #2502473 Report a problem | ||
| 5/20/2025 | Listed for sale | $580,000$218/sqft |
Source: GSREIN #2502473 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $8,744 +27.9% | $66,250 +27.9% |
| 2025 | $6,838 -1.5% | $51,810 |
| 2024 | $6,942 +2.4% | $51,810 +7.5% |
| 2023 | $6,781 -1% | $48,190 +4.1% |
| 2022 | $6,848 -6.2% | $46,300 -3.9% |
| 2021 | $7,298 +20.8% | $48,190 +22.7% |
| 2020 | $6,043 +1.9% | $39,270 |
| 2019 | $5,933 | $39,270 |
| 2018 | -- | $39,270 |
| 2017 | -- | $39,270 +0.5% |
| 2016 | $6,306 +1.1% | $39,090 |
| 2015 | $6,238 | $39,090 |
| 2014 | $6,238 +2% | $39,090 |
| 2013 | $6,116 | $39,090 -10% |
| 2012 | -- | $43,430 |
| 2011 | -- | $43,430 |
| 2010 | -- | $43,430 |
| 2009 | -- | $43,430 |
| 2007 | -- | $43,430 +89.7% |
| 2006 | -- | $22,900 |
| 2004 | -- | $22,900 |
| 2002 | -- | $22,900 +21.2% |
| 2001 | -- | $18,900 +175.1% |
| 2000 | -- | $6,870 |
Find assessor info on the county website
Neighborhood: Touro
Nearby homes
- $2,2502 bd1 ba947 sqft4026 Chestnut St, New Orleans, LA 70115For Rent
- $496,6006 bd2 ba1.7k sqft1035 Marengo St, New Orleans, LA 70115Off Market
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- $313,8002 bd2 ba900 sqft1037 Marengo St, New Orleans, LA 70115Off Market
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- $691,0004 bd4 ba6.1k sqft1101 Marengo St, New Orleans, LA 70115Off Market
- $--2 bd1 ba800 sqft4035 Chestnut St #A, New Orleans, LA 70115Off Market
- $---- bd-- ba-- sqft4035 Chestnut St #B, New Orleans, LA 70115Off Market
Nearby schools
GreatSchools rating
- 7/10Benjamin Franklin Elementary Math And ScienceGrades: PK-8Distance: 1 mi
- 2/10Rooted SchoolGrades: 9-10Distance: 0.3 mi
- 8/10Mary McLeod Bethune Elementary School of Literature & TechnologyGrades: PK-8Distance: 5.5 mi
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Estimated market value
$553,100
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$553,100
- Louisiana
- Orleans Parish
- New Orleans
- 70115
- Touro
- 1039 Marengo St
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