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211 S OLYMPIA ST, New Orleans, LA 70119
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211 S OLYMPIA ST, New Orleans, LA 70119
211 S OLYMPIA ST, New Orleans, LA 70119
211 S OLYMPIA ST, New Orleans, LA 70119
211 S OLYMPIA ST, New Orleans, LA 70119
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Lisa Fury

Lisa Fury

+1(504) 957-2422
$ 375,000
Est. payment /mo
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211 S OLYMPIA ST New Orleans, LA 70119

8 Beds

4 Baths

3,340 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,340 sqft

Price per Sqft $112

MLS Listing ID 2556130

Style Other

Bedrooms 8

Full Baths 4

Construction Status Average Condition

HOA Y/N No

Year Built 1920

Lot Size 4,064 Sqft

Acres 0.0933

Property Sub-Type Quadruplex

Property Description

This classic New Orleans fourplex at 211 S. Olympia Street presents the ideal hybrid for a savvy investor: immediate in-place rental income from two units paired with massive renovation upside. Priced at $375,000, this property is a prime value-add opportunity in one of the city's most resilient rental submarkets. The property consists of four 2-bedroom, 1-bathroom shotgun-style units, with the upper units featuring private balconies that offer charming neighborhood views.The heavy lifting on the infrastructure has already been handled, providing a rare head start with a brand-new roof and a new sewer line already in place. Currently, two of the four units are occupied and generating cash flow. This allows a new owner to collect rent from day one while focusing renovation efforts on the remaining units, which are prime candidates for a transformation to capture top-of-market rents. The property is located in a high-demand pocket of Mid-City just steps from the Canal streetcar line, local eateries, and Bayou St. John. Furthermore, the property has been preapproved for State and Federal Historic Tax Credits, offering the potential of a significant financial advantage to offset renovation costs. Whether you are looking for your next BRRRR project or a strategic addition to your portfolio, this property offers the bones, the incentives, and the location to succeed. Bring your contractor and your vision to this Mid-City diamond in the rough.

Location

State LA

County Orleans

Interior

Heating Ductless, Wall Furnace

Cooling Window Unit(s)

Fireplace No

Exterior

Exterior Feature Balcony

Parking Features None

Pool None

Water Access Desc Public

Roof Type Shingle

Porch Balcony

Building

Lot Description City Lot, Rectangular Lot

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

Construction Status Average Condition

Others

Tax ID 105308803

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by Wurth Real Estate Services
Lisa Fury

Lisa Fury

Rêve | Realtor | License ID: 69774

+1(504) 957-2422

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211 S OLYMPIA ST