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
- Full Bathrooms: 6
- Total Bedroom Count: 12
- Parking: Off Street, Parking Lot
- Exterior: Balcony, Fence
- Architectural Style: Traditional
- Heating: Ductless, Other, Wall Furnace
- Cooling: Window Unit(s)
- List Price: $599,999
- Price/SqFt: $114
- Annual Tax Amount: $1,155
- Tax Year: 2020
- Lot: City Lot, Irregular Lot
- Year Built: 1960
- Stories: 2
- Living Area: 5,252 SqFt
- Lot Size: 0.1147 Acres
- 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
Disclaimer: Copyright © 2025, 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: 6/18/2025, 12:45:29 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. 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. Typical level of education for residents in this area is high school diploma.
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
The listing price of 2714 N Galvez St property is $599,999.
The property 2714 N Galvez St is a condo located in New Orleans, Louisiana, 70117.
Active Listing: 2714 N Galvez St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2714 N Galvez St are: Audubon Charter School - Gentilly (GreatSchools Rating 3/10), Elan Academy Charter School (GreatSchools Rating 6/10), Arabi Elementary School (GreatSchools Rating 8/10), Encore Academy (GreatSchools Rating 4/10), Akili Academy of New Orleans (GreatSchools Rating 4/10), Kipp Leadership (GreatSchools Rating 5/10), Kipp Renaissance (GreatSchools Rating 6/10), G W Carver High School (GreatSchools Rating 5/10), New Orleans Military & Maritime Academy (GreatSchools Rating 5/10).
According to the records, the last property tax for 2020 is $1,155 (source: MLS/based on county public records data).
The last sale was on April 12, 2022 for $247,000 (source: MLS/tax record).
The property at 2714 N Galvez St has 12 bedrooms and 6 bathrooms.
The property 2714 N Galvez St is 5,252 SqFt (source: MLS/tax record).
The year of construction for 2714 N Galvez St is 1960.
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 May 2025, from all listings sold in New Orleans, LA there were more than 32 sold above asking price, over 221 sold below and more than 62 were sold right at the asked price. The number of listings in New Orleans, LA increased by 9.6% between April and May 2025. While the average time on the market in May 2025 was 67 days, the median list price was $328,910.