new - 5 days on rocket

9118 Olive St, New Orleans, LA, 70118

$515,000

Home List Price

$6,116*

Closing Credit

8 Bedrooms
4 Full Baths
2,114 SqFt
$244/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

9118 Olive St, New Orleans$515,000

Buyer Closing Credits

$6,116*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
ParkingOff Street
Year Built1940
HeatingOther
CoolingWindow Unit(s)
MLS #2477691
Lot Size0.14 Acres
StatusActive

About 9118 Olive St

Investment Opportunity: Fourplex in Hollygrove/Carrollton Area Don’t miss this incredible chance to own a fully occupied fourplex in the desirable Hollygrove/Carrollton area of New Orleans. This property features four two-bedroom, one-bath units, all currently rented and generating steady income. Located across the street from a beautiful park, the property offers a serene view and a convenient recreational space for tenants. The building has been recently painted, giving it a fresh and well-maintained appearance. Tenants will appreciate the available street parking and the added benefit of a storage closet located in the rear of the property. With all units already occupied, this is a turnkey investment opportunity offering immediate cash flow.Whether you’re a first-time investor or looking to expand your portfolio, this property is the perfect addition for creating long-term wealth. The Hollygrove/Carrollton area is known for its charm, convenient location, and strong rental demand. Contact us today to schedule a viewing or for more details. This is your chance to step into property investment and secure a stable source of income. Akan Ellis Ellis Realty 504-240-9603

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1940
  • Stories: 2
  • Living Area: 2,114 SqFt

Listing Office:

  • Office Name: Ellis Realty & Design LLC
  • Office Phone: (504) 240-9603
  • Listing Agent: Akaninyene Ellis
  • Agent Phone: (504) 240-9603

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $515,000
  • Price Per SqFt: $244/SqFt

Tax Information:

  • Annual Amount: $893
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

New Orleans, LA

City

Med. Sold Price

$327.6K

Med. Price/SqFt

$189

Avg. Days On Market

76

# of Sold Homes

231

9118 Olive St vs New Orleans

5 DAYS ON ROCKET

-71 Days

$515,000

+$187.3K More

$244/SqFt

+$54 More

KEY TAKEAWAY

This property is $187.3K more than the Median Sold Price and $54/SqFt more 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: #2477691

Listing Office:

  • Office Name: Ellis Realty & Design LLC
  • Office Phone: (504) 240-9603
  • Listing Agent: Akaninyene Ellis
  • Agent Phone: (504) 240-9603

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.

The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing.

By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, please do not use this site in any way. Your continued use of this site, and/or its affiliates' sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 3:20:48 AM 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$893$6,140
2019$927$6,140
2018$946$6,140
2017$903$6,140

History based on county public records data.

Payment Calculator

$2,638

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,610

Powered By

Rocket Mortgage

Advertisement

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-3818045
10
/10

  • Metairie Academy for Advanced Studies

  • 201 Metairie Rd

  • 0.84 miles

  • Public Magnet Grades PK-5

school-card-donut-3818046
1
/10

  • Noble Minds

  • 1333 S Carrollton Ave

  • 1.56 miles

  • Public Charter Grades KG-5

school-card-donut-3818047
7
/10

  • Marie Riviere Elementary School

  • 1564 Lake Ave

  • 3.17 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 $22,909. The most common annual income of people living in New Orleans, LA is less than $35k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70118›9118 Olive St

This home is located at 9118 Olive St in New Orleans, LA and zip code 70118 in the Holly Grove neighborhood. This 2,114 square foot home, which was built in 1940, sits on a 0.14 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 28, 2024 and is currently priced at $515,000.

In November 2024 more than 29 listings in New Orleans, LA were sold above the asking price. During the same period more than 41 listings were sold at asking price, while more than 161 were sold below. The inventory of homes for sale in New Orleans, LA between October 2024 and November 2024 increased by 6.2%. While the average time on the market in November 2024 was 76 days, the median list price was $327,611.

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

More Resources