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$ 500,000
Est. payment /mo
New
1569 ATHIS ST New Orleans, LA 70122
5 Beds
4 Baths
3,275 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,275 sqft
Price per Sqft $152
MLS Listing ID 2563162
Style Split Level
Bedrooms 5
Full Baths 4
Construction Status Excellent
HOA Y/N No
Year Built 1967
Lot Size 7,200 Sqft
Acres 0.1653
Property Sub-Type Duplex
Property Description
Discover the flexibility and value of this spacious brick home in the heart of New Orleans' desirable Gentilly neighborhood. Offering multiple living arrangements and strong rental potential, 1569 Athis Street is an excellent opportunity for investors, owner-occupants, or anyone seeking a property with income-generating possibilities.
The home features generously sized living spaces, large bedrooms, and an open flow between the living, dining, and kitchen areas. Architectural arches, abundant natural light, and durable finishes create a warm and inviting atmosphere throughout. The flexible floor plan allows for a variety of living configurations, making it ideal for multi-generational living, shared housing, or rental income opportunities.
Outside, you'll find a low-maintenance brick exterior, fenced yard, covered parking area, and ample off-street parking. The property's convenient location provides easy access to local schools, parks, shopping, dining, and major thoroughfares throughout New Orleans.
One of the property's standout features is its proven rental performance and flexibility. The current 4-bedroom portion of the home is leased at $2,000 per month, while the separate 1-bedroom living space has historically generated between $1,000 and $1,100 per month in rental income. Prior to the current leasing arrangement, the entire property was leased as a single residence for $4,300 per month. The current market rate for leasing the entire home is approximately $3,600 per month, providing investors with multiple strategies for maximizing cash flow depending on their preferred rental structure.
Whether you're looking to expand your investment portfolio, offset ownership costs through rental income, or secure a property with flexible living arrangements, this unique Gentilly residence offers exceptional potential in a sought-after New Orleans location.
Disclaimer: Property is currently tenant-occupied. Interior photographs may include virtual staging and are intended to illustrate the home's potential use of space. Actual furnishings, fixtures, finishes, appliances, and décor may differ from those shown. Rental amounts referenced are based on current and historical lease information and are provided for informational purposes only. Prospective purchasers should independently verify all lease terms, rental income, and property details during their due diligence period.
The home features generously sized living spaces, large bedrooms, and an open flow between the living, dining, and kitchen areas. Architectural arches, abundant natural light, and durable finishes create a warm and inviting atmosphere throughout. The flexible floor plan allows for a variety of living configurations, making it ideal for multi-generational living, shared housing, or rental income opportunities.
Outside, you'll find a low-maintenance brick exterior, fenced yard, covered parking area, and ample off-street parking. The property's convenient location provides easy access to local schools, parks, shopping, dining, and major thoroughfares throughout New Orleans.
One of the property's standout features is its proven rental performance and flexibility. The current 4-bedroom portion of the home is leased at $2,000 per month, while the separate 1-bedroom living space has historically generated between $1,000 and $1,100 per month in rental income. Prior to the current leasing arrangement, the entire property was leased as a single residence for $4,300 per month. The current market rate for leasing the entire home is approximately $3,600 per month, providing investors with multiple strategies for maximizing cash flow depending on their preferred rental structure.
Whether you're looking to expand your investment portfolio, offset ownership costs through rental income, or secure a property with flexible living arrangements, this unique Gentilly residence offers exceptional potential in a sought-after New Orleans location.
Disclaimer: Property is currently tenant-occupied. Interior photographs may include virtual staging and are intended to illustrate the home's potential use of space. Actual furnishings, fixtures, finishes, appliances, and décor may differ from those shown. Rental amounts referenced are based on current and historical lease information and are provided for informational purposes only. Prospective purchasers should independently verify all lease terms, rental income, and property details during their due diligence period.
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Shingle
Building
Lot Description Corner Lot, City Lot
Entry Level Two,Multi/Split
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Split Level
Level or Stories Two, Multi/Split
Construction Status Excellent
Others
Tax ID 37W523709
Special Listing Condition None
Listed by Keller Williams Realty Services
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