Backup offers
$4,097 Closing Credit¹
#2495603, Tricia King, Listing Office: LATTER & BLUM (LATT28)
$365,000 List price
8816 Spruce St New Orleans, LA 70118
$4,334
Closing credit¹
8 beds
4 full
2,852 sqft
$128 / sqft
Multi-Family
Property details
About 8816 Spruce St
8816 Spruce Street is a 4-unit multifamily property located in the rapidly-growing Leonidas/Carrollton neighborhood, just blocks away from the Carrollton Avenue and S. Claiborne Avenue. The property is in excellent condition and has major upside potential in rents as the current owner favored maintaining relationships with long term tenants. This property must be purchased with 8824 Spruce St next door which is a duplex (MLS #2499767). There are two (2) buildings included in the overall property that each have their own individual tax parcel, a four-plex and a duplex. This allows for a buyer to obtain residential 1-4 investment financing which is favorable compared to commercial 5+ financing. Also an option to obtain an FHA loan on one building and a conventional loan on the other. All of the units are separately metered for water AND electricity. The tenants are responsible for all utilities, which brings down overall costs and greatly enhances the value of the asset.
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air
Size2,852 sqft
Year built1980
ParkingParking Lot, Three or more Spaces
MLS #2499765
Summary
- Full Bathrooms: 4
- Total Bedroom Count: 8
- Parking: Parking Lot, Three or more Spaces
- Architectural Style: Other
- Heating: Central
- Cooling: Central Air
- List Price: $365,000
- Price/SqFt: $127
- Annual Tax Amount: $3,649
- Tax Year: 2020
- Lot: City Lot, Rectangular Lot
- Year Built: 1980
- Stories: 2
- Living Area: 2,852 SqFt
- MLS Number: 2499765
- MLS Name: NOMAR
- Office Name: Bridgewater Realty Advisors, LLC
- Office Phone: (504) 901-0463
- Office Email: mason@bridgewater.realty
- Listing Agent: Mason McCullough
- Agent Phone: (504) 298-8631
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Last updated on: 5/14/2025, 11:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$365,000
8816 Spruce St
$4,334
closing credit¹
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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 | $25,100 | $- |
| 2022 | $23,980 | $- |
| 2021 | $25,100 | $- |
| 2020 | $25,100 | $3,649 |
| 2019 | $19,000 | $2,870 |
| 2018 | $19,000 | $2,927 |
| 2017 | $19,000 | $2,795 |
History based on county public records data.
Nearby schools
1
Noble Minds
Public Charter KG-5
0.7 mi
•1333 S Carrollton Ave
8
Dr. John Ochsner Discovery Health Sciences Academy
Public District KG-4
1.3 mi
•2012 Jefferson Hwy
10
Metairie Academy for Advanced Studies
Public Magnet PK-5
1.6 mi
•201 Metairie Rd
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 $42,948. Residents of New Orleans, LA typically earn between $35k-100k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
35%
<35k
48%
35k-100k
15%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
63%
Single, No Kids
13%
Single, with Kids
16%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
34%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Music Concerts
Major League Soccer (MLS)
Where do the neighbors shop?
IKEA
H&M
Banana Republic
Where do the neighbors go to eat?
Quiznos
Chipotle
Jack In The Box
What do the neighbors drive?
Lexus
Volkswagen
Toyota
What do the neighbors listen to?
Soft Adult Contemporary- Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 8816 Spruce St in New Orleans, LA and zip code 70118 in the Uptown / Carrollton neighborhood. This 2,852 square foot home was built in 1980. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $365,000.
New Orleans, LA housing market in April 2025 saw over 40 listings sold above listed price, more than 45 sold at listed price and over 193 sold below. The number of homes for sale in New Orleans, LA increased by 13.8% between March and April 2025. Listings spent 85 days on the market in April 2025, and had a median list price of $329,697 during the same period.
From Rocket Homes Real Estate and based on county public records data.