1415-17 ALVAR Street, New Orleans, LA 70117 (MLS# NO2521758)

1415-17 ALVAR Street, New Orleans, LA 70117

$375,000
Property Type: MultiFamily Square Footage: 5,040 Lot Size (sq. ft.): 4,356 Status: Pending
Current Price: $375,000 List Date: 9/15/2025 Last Modified: 6/22/2026

Overview

Description

Large 5040 sq ft building in a great location. The two upstairs units have gorgeous hardwood floors, fine craftsmanship, and have been exceptionally maintained. There's a development opportunity to renovate the downstairs into separate units, which already have plumbing, electric, and multiple points of entry. This will turn this two unit building into a 4 unit CASH COW. 3 year old roof, preferred flood zone X. HANO payment standards give up to $1419/m per 2-bedroom unit, or $1813/m per 3-bedroom unit, which may be possible downstairs. If converting to 4 units, one unit must remain available for someone earning 80% Area Median Income, whereas the other units don't have that requirement.

Listing Details MLS# NO2521758

Listing Info

Delayed Marketing
No
Listing Price
375000
List Price/SqFt
74.4
Document Modified
2026-06-22 14:06:31.062412
Modification Timestamp
2026-06-22T19:06:56Z
Photo Modified
2026-01-30T20:11:02Z

Location Tax Legal Info

Street Number
1415-17
Street Name
ALVAR Street
Parish
Orleans
State
LA
Zip Code
70117
Tax Assessment Number
39W310004
Directions
Turn left from St Claude, or right from N Robertson Bounding Streets: N Villere, N Robertson

General Property Description

Number of Units
2
Stories
2
SqFt - Total
5040
SqFt - Source
Public Record
Individual Metered?
Yes
Lot Dimensions
40x119
Acres
0.1

Status Change Info

Under Contract Date
2026-06-19

Currently Not Used

Acreage Range
0 - 0.5

Originating Details

Originating System ID
ROAMM
Originating System Key
52450097
Originating System Listing ID
2521758
Originating System Name
ROAM Matrix

More Information

Location, Tax & Legal Info

Legal Desc
SQ 596 LOT B ALVAR 40X119 DBLE 6/RM EA A/R & BASE 1415-17 ALVAR ST SEE E RECORD TAX REDEMPTION

Remarks & Misc

Remarks
Large 5040 sq ft building in a great location. The two upstairs units have gorgeous hardwood floors, fine craftsmanship, and have been exceptionally maintained. There's a development opportunity to renovate the downstairs into separate units, which already have plumbing, electric, and multiple points of entry. This will turn this two unit building into a 4 unit CASH COW. 3 year old roof, preferred flood zone X. HANO payment standards give up to $1419/m per 2-bedroom unit, or $1813/m per 3-bedroom unit, which may be possible downstairs. If converting to 4 units, one unit must remain available for someone earning 80% Area Median Income, whereas the other units don't have that requirement.

Office/Member/Contract Info

List AOR
NOMAR

Parking

Garage
Yes

Foundation

Piers
Yes

Exterior

Balcony
Yes

Patio

Porch
Yes

Roof

Composition
Yes

Heating

Central
Yes

Cooling

Central Air
Yes

Fencing

Other
Yes

Tenant Pays

Electric
Yes
Gas
Yes
Water
Yes

Property Features

Parking: Garage Foundation: Piers Roof: Composition Heating: Central Cooling: Central Air Exterior: Balcony Fencing: Other Tenant Pays: Electric; Gas; Water
IDX
Listing Office: REVE, REALTORS
Last Updated: June - 22 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.