2 months on rocket

211 S Olympia St, New Orleans, LA, 70119

$425,000

Home List Price

$5,047*

Closing Credit

8 Bedrooms
4 Full Baths
3,444 SqFt
$123/SqFt
Multi

Location

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211 S Olympia St, New Orleans$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOff Street, One Space
Year Built1930
HeatingNatural Gas
CoolingWindow Unit(s)
MLS #2470255
Lot Size0.09 Acres
StatusActive

About 211 S Olympia St

This fully occupied 4-plex offers an exceptional investment opportunity in the heart of New Orleans. Nestled in Mid-City by the iconic City Park and within walking distance of the Endymion parade route, this property enjoys a prime location with easy access to everything the city has to offer. Key Features: 15 min or less bike ride to City Park: Enjoy the beauty of nature and recreational activities year-round. Endymion Parade Proximity: Experience the excitement of Mardi Gras firsthand. Abundant Amenities: Find grocery stores, restaurants, and cafes just a short stroll away. High Occupancy: This property is fully rented and in high demand. Flexible Leases: No current leases means easy turnover and customization. Well-Maintained Units: Tenants appreciate the functionality and upkeep of their homes. Convenient Location: Zip in or out from the interstate and just a streetcar ride away from the bustling downtown CBD. Outdoor Living: Each unit features a private porch or balcony for enjoying the New Orleans weather. Shared Spaces: A common backyard and individual storage sheds provide additional amenities. Cash-Flowing Investment: This property offers a steady income stream. Don't miss out on this incredible investment opportunity! Schedule a private tour today to see this property firsthand.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1930
  • Stories: 2
  • Living Area: 3,444 SqFt

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: Robert Kruebbe
  • Agent Phone: (504) 669-1470

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Balcony, Fence, Porch

Parking Information:

  • Parking: Off Street, One Space

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: South from Canal St take S St Patrick, left on Palmyra, left on S Olympia, on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $123/SqFt

Tax Information:

  • Annual Amount: $4,782
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in New Orleans, LA.

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New Orleans, LA

City

Med. Sold Price

$327.6K

Med. Price/SqFt

$189

Avg. Days On Market

76

# of Sold Homes

231

211 S Olympia St vs New Orleans

76 DAYS ON ROCKET

-0 Day

$425,000

+$97.3K More

$123/SqFt

-$67 Less

KEY TAKEAWAY

This property is $97.3K more than the Median Sold Price and $67/SqFt less than other homes in New Orleans, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2470255

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: Robert Kruebbe
  • Agent Phone: (504) 669-1470

IDX Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/25/2024, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,782$31,550
2019$4,362$27,550
2018$4,465$27,550
2017$3,015$19,000

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1573931
10
/10

  • Metairie Academy for Advanced Studies

  • 201 Metairie Rd

  • 1.19 miles

  • Public Magnet Grades PK-5

school-card-donut-1573932
1
/10

  • Noble Minds

  • 1333 S Carrollton Ave

  • 2.37 miles

  • Public Charter Grades KG-5

school-card-donut-1573933
7
/10

  • Marie Riviere Elementary School

  • 1564 Lake Ave

  • 2.85 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,384. Most New Orleans, LA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70119›211 S Olympia St

This home is located at 211 S Olympia St in New Orleans, LA and zip code 70119 in the Mid City neighborhood. This 3,444 square foot home, which was built in 1930, sits on a 0.09 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $425,000.

While more than 29 listings in New Orleans, LA in November 2024 were sold above asking price, there were more than 41 listings sold at asking price, and more than 161 were sold below. The number of listings in New Orleans, LA increased by 6.2% between October 2024 and November 2024. The median list price of listings available in November 2024 was $327,611, while the average time on the real estate market was 76 days.

From Rocket Homes Real Estate and based on county public records data.

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