621 ALVAR Street, New Orleans, LA 70117
$515,000
Property Type:
MultiFamily
Square Footage:
3,095
Status:
Active
Current Price:
$515,000
List Date:
8/05/2025
Last Modified:
4/23/2026
Overview
Description
Listing Details MLS# NO2515399
Listing Info
- Delayed Marketing
- No
- Listing Price
- 515000
- List Price/SqFt
- 166.4
- Document Modified
- 2026-04-22 20:19:42.093709
- Modification Timestamp
- 2026-04-23T01:20:28Z
- Photo Modified
- 2026-04-23T00:59:36Z
Location Tax Legal Info
- Street Number
- 621
- Street Name
- ALVAR Street
- Parish
- Orleans
- State
- LA
- Zip Code
- 70117
- Tax Assessment Number
- 621-ALVARST
- Directions
- Map apps work great Bounding Streets: Pauline, Chartres, Bartholomew, Royal
General Property Description
- Number of Units
- 4
- Stories
- 2
- SqFt - Total
- 3095
- SqFt - Source
- Appraiser
- Individual Metered?
- Yes
- Lot Dimensions
- 33' x 119'
Currently Not Used
- Acreage Range
- 0 - 0.5
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 52042861
- Originating System Listing ID
- 2515399
- Originating System Name
- ROAM Matrix
Location, Tax & Legal Info
- Legal Desc
- SQ 133 LOT J 33 X119 621-23 ALVAR ST
More Information
Remarks & Misc
- Remarks
- The Rainbow Fourplex in the Bywater ~ Fully Occupied Income Producing Property in Prime Location! All units occupied with paying tenants who would like to stay. Separate electric and gas meters ~ owner pays water. Many key upgrades have been made including a brand new fortified roof (c. February 2024), four tankless hot water heaters, and hardy plank siding. The gutted rear shed could potentially be converted to a 5th rental unit, renting at an estimated $1,000/month. Large fenced-in backyard. This iconic property represents solid cash flow in an established location with the potential to add value to an already solid foundation. Coveted flood zone X. Property requires some notice to show.
Office/Member/Contract Info
- List AOR
- NOMAR
Parking
- No Parking
- Yes
Foundation
- Slab
- Yes
Exterior
- Balcony
- Yes
Patio
- Porch
- Yes
Roof
- Composition
- Yes
Heating
- Natural Gas
- Yes
Cooling
- Window Units
- Yes
Fencing
- Other
- Yes
Owner Pays
- Water
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Property Features
Parking:
No Parking
Foundation:
Slab
Roof:
Composition
Heating:
Natural Gas
Cooling:
Window Units
Exterior:
Balcony
Fencing:
Other
Owner Pays:
Water
Tenant Pays:
Electric; Gas
621-23 Alvar St. ~ Disclosures ›
IDX
Listing Office:
FQR Realtors
Last Updated: April - 23 - 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.