2714 N Galvez St New Orleans, LA 70117
Property details
About 2714 N Galvez St
1031 Exchange or as a Cash Cow! This stunning, newly renovated 6-unit building is a money-making machine with significant upside potential. Currently, the property is generating only $5,800/month — well below market value — creating an exceptional opportunity for investors to maximize rental income. Section 8 Rent Potential: 1 Bedroom Units: $1,149/month each x 2 units = $2,298/month 2 Bedroom Units: $1,362/month each x 2 units = $2,724/month 3 Bedroom Units: $1,750/month each x 2 units = $3,500/month Total Potential Section 8 Income: $8,522/month That’s a $102,264/year potential income! Key Features: Fully Renovated in 2023 from the studs up Professionally Managed, cash-flowing Section 8 rental Upstairs Units: 2 x 3-bedroom, 1-bath units with updated kitchens, hardwood floors, and open floor plans Downstairs Units: 4 units — 2 x 2-bedroom, 1-bath and 2 x 1-bedroom, 1-bath units, each with separate water & electricity meters and central air Ample Storage space throughout the building This is your chance to own a premium investment property that is cash-flowing and poised for growth. Whether you're looking for steady monthly income or a 1031 Exchange opportunity, this property is a standout. Bonus: Seller Financing & Bond for Deed Friendly! This turnkey property won’t last long! Owner/Agent is a licensed real estate professional. Don’t miss out – schedule a viewing today!
Highlights
Summary
- MLS Number: 2467261
- MLS Name: NOMAR
- Office Name: Fleur De Lee Realty, LLC
- Office Phone: (678) 250-4114
- Office Email: info@fleurdeleerealty.com
- Listing Agent: Justin Lee
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Last updated on: 3/14/2025, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$599,999
2714 N Galvez St
$7,125
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 12, 2022 | Home Sold | $247,000 |
| Jun 22, 2018 | Home Sold | $88,000 |
| Jul 20, 2011 | Home Sold | $20,000 |
| May 06, 2005 | Home Sold | $165,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $22,040 | $- |
| 2022 | $26,570 | $- |
| 2021 | $7,950 | $- |
| 2020 | $7,950 | $1,155 |
History based on county public records data.
Nearby schools
3
Audubon Charter School - Gentilly
Public Charter PK-4
2.1 mi
•4720 Painters St
6
Elan Academy Charter School
Public Charter PK-5
2.7 mi
•709 Park Blvd
8
Arabi Elementary School
Public District PK-5
3.1 mi
•7200 Alexander Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,391. Typical income of New Orleans, LA residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Soccer
UFC
NHRA Drag Racing
Where do the neighbors shop?
Forever 21
Family Dollar
Big Lots
Where do the neighbors go to eat?
Dominos Pizza
Burger King
Golden Corral
What do the neighbors drive?
Mazda
Buick
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Standards
Frequently asked questions
About 2714 N Galvez St
This home is located at 2714 N Galvez St in New Orleans, LA and zip code 70117 in the Saint Claude neighborhood. This 5,252 square foot home, which was built in 1960, sits on a 0.11 acre lot. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $599,999.
In February 2025, from all listings sold in New Orleans, LA there were more than 30 sold above asking price, over 168 sold below and more than 35 were sold right at the asked price. The number of homes for sale in New Orleans, LA increased by 10.5% between January and February 2025. Listings spent 83 days on the market in February 2025, and had a median list price of $328,998 during the same period.