5 months on rocket

2604 Franklin Ave, New Orleans, LA, 70117

$195,000

Home List Price

$2,316*

Closing Credit

8 Bedrooms
4 Full Baths, 2 Partial
2,424 SqFt
$80/SqFt
Multi

Location

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2604 Franklin Ave, New Orleans$195,000

Buyer Closing Credits

$2,316*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1960
HeatingCentral
CoolingCentral Air
MLS #2457898
Lot Size0.09 Acres
StatusActive

About 2604 Franklin Ave

Calling all investors!! This is an investment opportunity to buy a 2-unit property in the heart of New Orleans!! Great potential for serious cash flow! With a little TLC, this will be an amazing investment opportunity without breaking the bank. Don't miss out. Set up your tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: Split Level
  • Year Built: 1960
  • Stories: 2
  • Living Area: 2,424 SqFt

Listing Office:

  • Office Name: Nola Home Realty Group
  • Office Phone: (504) 521-1100
  • Listing Agent: Melissa McClendon
  • Agent Phone: (504) 417-5131

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

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

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $195,000
  • Price Per SqFt: $80/SqFt

Tax Information:

  • Annual Amount: $1,428
  • 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

2604 Franklin Ave vs New Orleans

164 DAYS ON ROCKET

+88 Days

$195,000

-$132.6K Less

$80/SqFt

-$110 Less

KEY TAKEAWAY

This property is $132.6K less than the Median Sold Price and $110/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: #2457898

Listing Office:

  • Office Name: Nola Home Realty Group
  • Office Phone: (504) 521-1100
  • Listing Agent: Melissa McClendon
  • Agent Phone: (504) 417-5131

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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: 12/22/2024, 5:20:52 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$1,428$9,820
2019$1,465$9,700
2018$1,495$9,700
2017$1,427$9,700

History based on county public records data.

Payment Calculator

$1,041

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$651

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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-1037188
3
/10

  • Audubon Charter School - Gentilly

  • 4720 Painters St

  • 1.66 miles

  • Public Charter Grades PK-4

school-card-donut-1037189
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 3.10 miles

  • Public Charter Grades PK-5

school-card-donut-1037190
4
/10

  • Kipp East Community

  • 6519 Virgilian St

  • 3.19 miles

  • Public Charter Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,500. Typical income of New Orleans, LA residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70117›2604 Franklin Ave

This home is located at 2604 Franklin Ave in New Orleans, LA and zip code 70117 in the Saint Roch neighborhood. This 2,424 square foot home, which was built in 1960, sits on a 0.09 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 11, 2024 and is currently priced at $195,000.

In November 2024, from all listings sold in New Orleans, LA there were more than 29 sold above asking price, over 161 sold below and more than 41 were sold right at the asked price. The inventory of homes for sale in New Orleans, LA between October 2024 and November 2024 increased by 6.2%. 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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