$3,561 Closing Credit¹
#2481101, Jewel Bakewell, Listing Office: Crown Jewel Realty LLC
$275,000 List price
3018 Cherry St New Orleans, LA 70118
$3,266
Closing credit¹
6 beds
3 full
1,725 sqft
0.1 acres
$159 / sqft
Multi-Family
Property details
About 3018 Cherry St
INVESTMENT CASH FLOW OPPORTUNITY! This fully occupied triplex is a prime income-producing property. Each Unit is currently rented, with transferable leases in place, making this property a true CASH COW for the right investor. Presented in very good to excellent condition, it features a 4 years young Roof, HVAC system, and water heaters. WELL MAINTAINED & in a PRIME CENTRAL LOCATION with easy access to downtown and Elmwood Shopping/Dining. Tours of the property are available by appointment only. Due to tenant occupancy, all showings must be scheduled with the Listing Agent and will be accompanied by them.
Highlights
Home typeTriplex
HeatingCentral
StatusActive
CoolingCentral Air
Size1,725 sqft
Lot size0.1033 Acres
Year built1968
ParkingDriveway, Three or more Spaces
MLS #2458385
Summary
- Full Bathrooms: 3
- Total Bedroom Count: 6
- Parking: Driveway, Three or more Spaces
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $275,000
- Price/SqFt: $159
- Annual Tax Amount: $710
- Tax Year: 2020
- Lot: City Lot, Rectangular Lot
- Year Built: 1968
- Stories: 1
- Living Area: 1,725 SqFt
- Lot Size: 0.1033 Acres
- MLS Number: 2458385
- MLS Name: NOMAR
- Office Name: Atlas Real Estate Company, LLC
- Office Phone: (504) 399-4663
- Office Email: chrismbergeron@yahoo.com
- Listing Agent: Chad Hymel
- Agent Phone: (504) 777-9784
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Last updated on: 5/11/2025, 6:20:27 AM 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
$275,000
3018 Cherry St
$3,266
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $15,310 | $- |
| 2022 | $14,600 | $- |
| 2021 | $5,500 | $- |
| 2020 | $4,890 | $710 |
History based on county public records data.
Nearby schools
10
Metairie Academy for Advanced Studies
Public Magnet PK-5
0.9 mi
•201 Metairie Rd
1
Noble Minds
Public Charter KG-5
1.4 mi
•1333 S Carrollton Ave
8
Dr. John Ochsner Discovery Health Sciences Academy
Public District KG-4
1.5 mi
•2012 Jefferson Hwy
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 $11,831. Most New Orleans, LA residents have annual incomes less than $<35k. 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?
68%
<35k
18%
35k-100k
14%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
21%
Single, with Kids
11%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
10%
12-17 yrs old
24%
18-34 yrs old
35%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Music Concerts
Where do the neighbors shop?
IKEA
H&M
Where do the neighbors go to eat?
Quiznos
Chipotle
What do the neighbors drive?
Lexus
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 3018 Cherry St in New Orleans, LA and zip code 70118 in the Holly Grove neighborhood. This 1,725 square foot home, which was built in 1968, sits on a 0.10 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $275,000.
In April 2025 more than 40 listings in New Orleans, LA were sold above the asking price. During the same period more than 45 listings were sold at asking price, while more than 193 were sold below. In April 2025 in New Orleans, LA there were 13.8% more homes for sale than in March. While the average time on the market in April 2025 was 85 days, the median list price was $329,697.
From Rocket Homes Real Estate and based on county public records data.