7 months on rocket

2205 N Hullen St, Metairie, LA, 70001

$3,250,000

60 Bedrooms
36 Full Baths, 18 Partial
31,652 SqFt
$103/SqFt
Condo

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
ParkingOff Street, Parking Lot
Year Built1987
HeatingCentral
CoolingCentral Air
MLS #2441947
StatusActive

About 2205 N Hullen St

$500K PRICE REDUCTION! Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1987
  • Stories: 3
  • Living Area: 31,652 SqFt

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Bryce Danna-Marullo
  • Agent Phone: (504) 301-5583

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 18
  • Full Bathrooms: 36
  • Total Bedroom Count: 60

Exterior Features

Parking Information:

  • Parking: Off Street, Parking Lot

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,250,000
  • Price Per SqFt: $103/SqFt

Tax Information:

  • Annual Amount: $9,816
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Metairie, LA.

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Metairie, LA

City

Med. Sold Price

$305K

Med. Price/SqFt

$175

Avg. Days On Market

59

# of Sold Homes

99

2205 N Hullen St vs Metairie

217 DAYS ON ROCKET

+158 Days

$3,250,000

+$2.9M More

$103/SqFt

-$73 Less

KEY TAKEAWAY

This property is $2.9M more than the Median Sold Price and $73/SqFt less than other homes in Metairie, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2441947

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Bryce Danna-Marullo
  • Agent Phone: (504) 301-5583

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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: 11/14/2024, 10:20:49 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$9,816$83,090
2019$9,648$79,440
2018$9,009$79,440
2017$9,009$79,440

History based on county public records data.

Payment Calculator

$16.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,810

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NMLS#3030

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-287250
7
/10

  • Bridgedale Elementary School

  • 808 Zinnia Ave

  • 1.76 miles

  • Public District Grades PK-5

school-card-donut-287251
10
/10

  • Metairie Academy for Advanced Studies

  • 201 Metairie Rd

  • 2.07 miles

  • Public Magnet Grades PK-5

school-card-donut-287252
3
/10

  • Phoebe Hearst Elementary School

  • 5208 Wabash St

  • 2.24 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 $36,967. Typical income of Metairie, LA residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Metairie, LA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Metairie, LA?

Metairie's housing market is diverse, offering a range of options from single-family homes to multi-family complexes. The architectural styles vary, with a mix of traditional, ranch-style, and contemporary homes. A significant portion of the housing stock dates back to the mid-20th century, reflecting the area's growth during that period. The homeownership rate in Metairie is robust, with a majority of residents owning their homes, while a smaller percentage are renters.

Is Metairie, LA a good place to live?

Metairie is known for its suburban feel with a strong sense of community. The area prides itself on its family-friendly atmosphere and is celebrated for events like the annual Family Gras festival, which showcases local music and culture. The community's character is also defined by its numerous parks and recreational areas, providing residents with ample green space and outdoor activities.

Are things conveniently located in Metairie, LA?

The community is served by a solid educational system, including a variety of public and private schools that cater to different educational needs. Healthcare services are readily available, with several clinics and a major hospital that offers a range of medical services. Metairie also features a public library system that supports the community's educational and informational needs. The retail and dining scene is reflective of the local culture, with a mix of national chains and local establishments that cater to a variety of tastes and preferences.

What does the transportation in Metairie, LA look like?

Transportation options in Metairie include a network of major roads and highways that facilitate travel and commuting to nearby New Orleans and other areas. Public transit is available, with bus services providing connections to key destinations. The community is also bike-friendly, with several designated bike paths. While ride-sharing services are operational in the area, specific brands are not mentioned. The walkability can vary across different parts of Metairie, with some neighborhoods being more pedestrian-friendly than others.

Frequently Asked Questions About 2205 N Hullen St

What is the listing price of this property?

The listing price of 2205 N Hullen St property is $3,250,000.

What type of property is this?

The property 2205 N Hullen St is a condo located in Metairie, Louisiana, 70001.

Is this property for sale now?

Active Listing: 2205 N Hullen St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,816 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2205 N Hullen St has 60 bedrooms and 36 full and 18 half bathrooms.

What is the square footage of this property?

The property 2205 N Hullen St is 31,652 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2205 N Hullen St is 1987.
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Rocket Homes›Louisiana›Jefferson County›Metairie›70001›2205 N Hullen St

This home is located at 2205 N Hullen St in Metairie, LA and zip code 70001. This 31,652 square foot home was built in 1987. Features: 60 bedrooms, 54 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $3,250,000.

Over 13 listings were sold over their listed price in October 2024 in Metairie, LA. In the same period over 73 listings were sold below the listed price and 13 listings were sold for the listed price. The number of listings in Metairie, LA increased by 6.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 59 days, the median list price was $305,050.

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

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