211 S Olympia Street, New Orleans, LA 70119
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
211 S Olympia Street,New Orleans, LA 70119
$315,000
- 8 Beds
- 4 Baths
- 3,340 sq. ft.
- Multi-family
- Active
Listed by: alexander peet
Office: wurth real estate services
MLS#:2556130
Source:LA_GSREIN
Price summary
- Price:$315,000
- Price per sq. ft.:$94.31
About this home
**PRICED $35,000 BELOW RECENT APPRAISAL**This classic New Orleans fourplex at 211 S. Olympia Street presents the ideal hybrid for a savvy investor: immediate in-place rental income from two units paired with massive renovation upside. Priced at $315,000, this property is a prime value-add opportunity in one of the city's most resilient rental submarkets. The property consists of four 2-bedroom, 1-bathroom shotgun-style units, with the upper units featuring private balconies that offer charming neighborhood views.The heavy lifting on the infrastructure has already been handled, providing a rare head start with a new roof and a new sewer line already in place. Currently, two of the four units are occupied and generating rental income. This allows a new owner to collect rent from day one while focusing renovation efforts on the remaining units, which are prime candidates for a transformation to capture top-of-market rents. The property is located in a high-demand pocket of Mid-City just steps from the Canal streetcar line, local eateries, and Bayou St. John. Furthermore, the property has been preapproved for State and Federal Historic Tax Credits, offering the potential of a significant financial advantage to offset renovation costs. Whether you are looking for your next BRRRR project or a strategic addition to your portfolio, this property offers the bones, the incentives, and the location to succeed. Bring your contractor and your vision to this Mid-City diamond in the rough....
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Home facts
- Year built:1920
- Listing ID #:2556130
- Added:150 day(s) ago
- Updated:October 09, 2026 at 04:34 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,340 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Ductless, Heating, Wall Furnace
Structure and exterior
- Roof:Shingle
- Year built:1920
- Building area:3,340 sq. ft.
- Lot area:0.09 Acres
- Lot Features:City Lot, Rectangular Lot
- Construction Materials:Wood Siding
- Exterior Features:Balcony
- Foundation Description:Raised
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$315,000
- Price per sq. ft.:$94.31
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