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621 23 Alvar Street

New Orleans, LA 70117
  • $550,000
  • STATUS: Active
  • ON SITE: 102 Days
  • MLS #: 2515399
UPDATED: 9 min ago
$550,000
  • 8
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,095
    SQFT
  • $178
    $/SQFT
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.

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Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2025 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2025-11-16T10:34:47.783.
www.keatyrealestate.com/homes/166623827
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621 23 Alvar Street New Orleans, LA 70117

  • Price: $550,000
  • Status: Active
  • On Site: 102 Days
  • Updated: 9 min ago
  • MLS #: 2515399
8
Beds
4
Baths
0
½ Baths
N/A
Acres
3,095
SQFT
$178
$/SQFT
1925
Built
County:
Orleans
Property Description
The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.
Exterior Features

Construction Materials HardiPlank Type Exterior Features BalconyFencePorch Foundation Details Slab Lot Features City LotRectangular Lot Lot Size Dimensions 33' x 119' Parking Features None Patio And Porch Features BalconyPorch Pool Features None Roof Shingle

Interior Features

Cooling Window Unit(s) Heating Gas Heating YN Yes Laundry Features In Unit

Property Features

Cooling YN Yes Green Energy Efficient Water Heater Home Warranty YN No Levels Two Owner Pays Water Property Condition Very Good Condition Property Sub Type Quadruplex Restrictions Sewer Public Sewer Special Listing Conditions None Tenant Pays ElectricityGas Watersource Public

Gulf South Real Estate Information Network Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Jacob Freedman of FQR Realtors: (504) 949-5400.



Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2025 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2025-11-16T10:34:47.783.
 
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Keaty Real Estate, LLC
350 Doucet Road, Suite B
Lafayette LA, 70503