Seller's Agent in 2026
Chris Smith
Keller Williams Realty New Orleans
(504) 231-2004
28 in this area
606 Total Sales
Last list price
1616 Eagle St New Orleans, LA 70118
Leonidas Neighborhood
--
Bed
--
Bath
1,925
Sq Ft
5,401
Sq Ft Lot
Highlights
- Porch
- Wood Siding
- 1-Story Property
- Cooling System Mounted In Outer Wall Opening
- Wall Furnace
About This Home
As of February 2026Step into a rare Uptown investment that checks every box for performance, stability, and long-term upside. This fully leased 4 unit property is a true cash cow, generating a combined monthly income of $5,398 with all four tenants in place and paying on time. NONE of the Units are Subsidized ~ NONE. Each Tenant pays their own rent timely!! Opportunities with this kind of return are scarce, especially in a neighborhood this sought after.
The property spans two separate buildings on an oversized 45' by 120' lot with coveted off street parking.
* Front building: (two)one bedroom one bath units, each leased at $1,400 per month
* Rear building: (two) one bedroom one bath units, each leased at $1,299 per month
Tenants enjoy simple living with water & electricity included, making these units extremely easy to lease and maintain. Investors enjoy strong, predictable income and a high cap rate that outperforms most multi-family opportunities in this price category.
The TOTAL average utility costs that the landlord/Owner covers is $900 TOTAL (for the electricity and water, sewerage & trash). Only 4 blocks to Oak Street, this location is exceptional! You are moments from award-winning restaurants, neighborhood coffee shops, fitness studios, art galleries, live music venues, and one of Uptown's most beloved commercial corridors. Demand for this area is always strong, which helps keep vacancies low and rents competitive.
Additional benefits include the preferred Flood Zone X, a property that has never flooded, and an overall setup that makes this an easy addition to any portfolio.
This is a rock solid investment with excellent cash flow from day one. Do not miss this one!
Last Agent to Sell the Property
Keller Williams Realty New Orleans License #000009641 Listed on: 11/19/2025
Property Details
Home Type
- Multi-Family
Lot Details
- 5,400 Sq Ft Lot
- Lot Dimensions are 45 x 120
Home Design
- Pillar, Post or Pier Foundation
- Slab Foundation
- Frame Construction
- Composition Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 1,925 Sq Ft Home
- 1-Story Property
Outdoor Features
- Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Wall Furnace
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for electricity, gas, water
- Tax Lot 7,6
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 12, 2018
Sold by
Daniels-Jones Deiatra A and Jones David Lee
Bought by
Bayview Loan Servicing Llc
Purchase Details
Closed on
Sep 22, 2009
Sold by
Williams Melba Marie
Bought by
Daniels Deiatra A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,642
Interest Rate
5.36%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $91,100 | None Available | |
| Warranty Deed | $102,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,642 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2026 02/27/26 | Sold | -- | -- | -- | |
| 12/23/2025 12/23/25 | Pending | -- | -- | -- | |
| 12/08/2025 12/08/25 | For Sale | $359,000 | 0.0% | $186 / Sq Ft | |
| 11/24/2025 11/24/25 | Pending | -- | -- | -- | |
| 11/19/2025 11/19/25 | For Sale | $359,000 | +209.7% | $186 / Sq Ft | |
| 11/30/2018 11/30/18 | Sold | -- | -- | -- | View Prior Sale |
| 10/31/2018 10/31/18 | Pending | -- | -- | -- | |
| 06/04/2018 06/04/18 | For Sale | $115,900 | -- | $127 / Sq Ft |
Source: New Orleans Metropolitan Association of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,511 | $26,600 | $5,400 | $21,200 |
| 2024 | $3,564 | $26,600 | $5,400 | $21,200 |
| 2023 | $1,489 | $27,400 | $3,240 | $24,160 |
| 2022 | $1,489 | $10,580 | $3,240 | $7,340 |
| 2021 | $1,579 | $10,970 | $3,240 | $7,730 |
| 2020 | $1,595 | $10,970 | $3,240 | $7,730 |
| 2019 | $1,413 | $9,350 | $1,620 | $7,730 |
| 2018 | $1,441 | $9,350 | $1,620 | $7,730 |
| 2017 | $1,376 | $9,350 | $1,620 | $7,730 |
| 2016 | $1,419 | $9,350 | $1,620 | $7,730 |
| 2015 | $1,390 | $9,350 | $1,620 | $7,730 |
| 2014 | -- | $10,390 | $1,620 | $8,770 |
| 2013 | -- | $10,390 | $1,620 | $8,770 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Smith
-
Thomas Flatley
Buyer's Agent in 2026
Thomas Flatley
Keller Williams Realty New Orleans
(504) 497-5994
3 in this area
31 Total Sales
-
Rob White
R
Seller's Agent in 2018
Rob White
Rob White Realty, LLC
(504) 897-2445
1 in this area
121 Total Sales
Map
Source: New Orleans Metropolitan Association of REALTORS®
MLS Number: NO2531730
APN: 7-16-2-063-05
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