1 month on rocket

872931 Edinburgh St, New Orleans, LA, 70118

$180,000

Home List Price

$2,138*

Closing Credit

3 Bedrooms
3 Full Baths
1,800 SqFt
$100/SqFt
Multi

Location

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872931 Edinburgh St, New Orleans$180,000

Buyer Closing Credits

$2,138*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOff Street, Three or more Spaces
Year Built1974
HeatingOther
CoolingWindow Unit(s)
MLS #2470151
StatusActive

About 872931 Edinburgh St

"MONEY-MAKING RENTAL PROPERTY ~ PRICED UNDER $200k!" Fully occupied by "long term tenants!" Seller converted this duplex to a triplex and is currently collecting a total of $40,236 per yr. ($3,353 per month) in gross rental revenue, for all three units. Section 8 rental assisted units. All measurements are approximate. All appliances, and A/C units, are owned by the Seller and will be included with the sale/purchase. All units have window units for A/C and wall furnaces for heat. Will not qualify for FHA or VA financing. Calling all "CASH" buyers! Located close to Costco Wholesale's Dublin St. location, just off S. Carrollton Ave. Even though this property is in need of repairs, it's fully occupied and is raking in the revenue! 24 hour notice is needed to schedule all showings.

Property Details

Property Features

Property Information:

  • Architectural Style: Creole
  • Year Built: 1974
  • Stories: 2
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: Arcement Realty, LLC
  • Office Phone: (504) 277-4487
  • Listing Agent: Dana Arcement
  • Agent Phone: (504) 858-4543

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: Off Street, Three or more Spaces

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $180,000
  • Price Per SqFt: $100/SqFt
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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

$325.3K

Med. Price/SqFt

$189

Avg. Days On Market

72

# of Sold Homes

201

872931 Edinburgh St vs New Orleans

49 DAYS ON ROCKET

-23 Days

$180,000

-$145.3K Less

$100/SqFt

-$89 Less

KEY TAKEAWAY

This property is $145.3K less than the Median Sold Price and $89/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: #2470151

Listing Office:

  • Office Name: Arcement Realty, LLC
  • Office Phone: (504) 277-4487
  • Listing Agent: Dana Arcement
  • Agent Phone: (504) 858-4543

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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: 11/21/2024, 10:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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-263027
10
/10

  • Metairie Academy for Advanced Studies

  • 201 Metairie Rd

  • 0.62 miles

  • Public Magnet Grades PK-5

school-card-donut-263028
1
/10

  • Noble Minds

  • 1333 S Carrollton Ave

  • 1.74 miles

  • Public Charter Grades KG-5

school-card-donut-263029
7
/10

  • Marie Riviere Elementary School

  • 1564 Lake Ave

  • 2.96 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 $31,833. Most New Orleans, LA residents have annual incomes less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70118›872931 Edinburgh St

This home is located at 872931 Edinburgh St in New Orleans, LA and zip code 70118 in the Holly Grove neighborhood. This 1,800 square foot home was built in 1974. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $180,000.

Over 20 listings were sold over their listed price in October 2024 in New Orleans, LA. In the same period over 146 listings were sold below the listed price and 35 listings were sold for the listed price. The inventory of homes for sale in New Orleans, LA between September 2024 and October 2024 increased by 12.1%. The median list price of listings available in October 2024 was $325,365, while the average time on the real estate market was 72 days.

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

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