Unique investment opportunity nestled beneath the sprawling oak trees of picturesque Algiers Point! This versatile triplex boasts a longstanding history of success as a commercial short-term rental, offering three well-appointed, sun-drenched units. Soaring ceilings in the studio (would make a great commercial space) and an artistic, industrial aesthetic captures a unique charm that sets the tone for the entire property. Upstairs is a 1 bed/1 bath sanctuary with a bedroom looking out at the oaks and funky painted wood floors. The back of the property features a 2 bed/1 bath townhouse style layout featuring charming hardwood floors. A separate entrance leads to a spacious laundry room and storage area, completing the functionality of this triplex. These apartments have been thoughtfully curated and exude a positive, creative energy, making them suitable for owner occupancy, long-term rentals, short-term stays, or a combination of commercial space and rentals. Recent upgrades include a new roof installed in 2022 and individual mini-split systems in each unit. HU-MU Zoning and potential opportunity to acquire the commercial STR business associated with this property. Don't miss your chance to own this exceptional triplex in Algiers Point, a gem with boundless potential and undeniable charm.
Closed
Price Unknown
520 Opelousas Ave, New Orleans, LA 70114
4beds
2,990sqft
Triplex, Multi Family, Multi Family
Built in 1918
-- sqft lot
$527,000 Zestimate®
$--/sqft
$2,956 Estimated rent
Home value
$527,000
$495,000 - $564,000
$2,956/mo
Zestimate® history
Owner options
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List your homeWhat's special
Industrial aestheticSoaring ceilingsSpacious laundry roomNew roof installedCharming hardwood floorsStorage areaSprawling oak trees
Zillow last checked:
Listing updated:
Listed by:
Amy Lewis 504-203-7122,
REVE, REALTORS,
John Cody Stringer 504-655-5577,
REVE, REALTORS
Bought with:
Amy Lewis
REVE, REALTORS
Source: GSREIN,MLS#: 2418943
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Description: Flooring: Tile
- Level: Lower
- Dimensions: 22.3000 x 29.0000
Bedroom
- Description: Flooring: Wood
- Level: Upper
- Dimensions: 16.7000 x 12.0000
Bedroom
- Description: Flooring: Wood
- Level: Upper
- Dimensions: 16.1000 x 12.0000
Bedroom
- Description: Flooring: Wood
- Level: Upper
- Dimensions: 11.1000 x 10.5000
Bathroom
- Description: Flooring: Wood
- Level: Lower
- Dimensions: 12.9000 x 9.2000
Bathroom
- Description: Flooring: Wood
- Level: Lower
- Dimensions: 10.8000 x 2.6000
Bathroom
- Description: Flooring: Tile
- Level: Upper
- Dimensions: 10.7000 x 8.7000
Bathroom
- Description: Flooring: Tile
- Level: Upper
- Dimensions: 10.5000 x 5.0000
Kitchen
- Description: Flooring: Vinyl
- Level: Lower
- Dimensions: 8.2000 x 12.1000
Kitchen
- Description: Flooring: Tile
- Level: Upper
- Dimensions: 10.8000 x 9.5000
Kitchen
- Description: Flooring: Tile
- Level: Lower
- Dimensions: 10.8000 x 20.5000
Laundry
- Description: Flooring: Wood
- Level: Lower
- Dimensions: 9.6000 x 132.0000
Living room
- Description: Flooring: Wood
- Level: Upper
- Dimensions: 22.3000 x 17.1000
Living room
- Description: Flooring: Wood
- Level: Lower
- Dimensions: 11.0000 x 15.6000
Heating
- Ductless, Wall Furnace
Cooling
- Ductless, Wall Unit(s)
Appliances
- Laundry: Laundry Room
Interior area
- Total interior livable area: 2,990 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 1,700 Acres
- Dimensions: 25' x 68'
- Features: Corner Lot, City Lot, Rectangular Lot
Details
- Parcel number: 520OPELOUSASAV
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional,Historic/Antique
- Property subtype: Triplex, Multi Family, Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Updated/Remodeled,Very Good Condition,Resale
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Insulation
Community & HOA
Community
- Security: Closed Circuit Camera(s)
Location
- Region: New Orleans
Financial & listing details
- Tax assessed value: $500,500
- Annual tax amount: $6,607
- Date on market: 10/20/2023
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2024 | Sold | -- |
Source:  GSREIN #2418943 Report a problem | ||
| 3/11/2024 | Contingent | $569,000$190/sqft |
Source: GSREIN #2418943 Report a problem | ||
| 1/17/2024 | Price change | $569,000-3.4%$190/sqft |
Source: GSREIN #2418943 Report a problem | ||
| 10/20/2023 | Listed for sale | $589,000$197/sqft |
Source: GSREIN #2418943 Report a problem | ||
| 3/2/2018 | Sold | -- |
Source: GSREIN #2136779 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $6,607 | $50,050 |
| 2025 | $6,607 +40.1% | $50,050 +42.2% |
| 2024 | $4,717 -1.4% | $35,200 +4.3% |
| 2023 | $4,785 | $33,750 +4.9% |
| 2022 | -- | $32,160 -4.7% |
| 2021 | $4,895 -1% | $33,750 |
| 2020 | $4,943 -3.2% | $33,750 |
| 2019 | $5,108 | $33,750 +22.6% |
| 2018 | $5,108 | $27,530 -8.6% |
| 2017 | $5,108 +20.2% | $30,130 |
| 2016 | $4,250 -3.2% | $30,130 |
| 2015 | $4,390 | $30,130 |
| 2014 | $4,390 | $30,130 |
Find assessor info on the county website
Neighborhood: Algeirs Point
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Nearby schools
GreatSchools rating
- 8/10Mary McLeod Bethune Elementary School of Literature & TechnologyGrades: PK-8Distance: 3 mi
- NAWarren Easton Senior High SchoolGrades: 9-12Distance: 2.8 mi
- 7/10Benjamin Franklin Elementary Math And ScienceGrades: PK-8Distance: 4.3 mi
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Estimated market value
$527,000
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Estimated market value
$527,000
- Louisiana
- Orleans Parish
- New Orleans
- 70114
- Algeirs Point
- 520 Opelousas Ave
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