8816 Spruce Street, New Orleans, LA 70118
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
8816 Spruce Street,New Orleans, LA 70118
$365,000
- 8 Beds
- 4 Baths
- 2,852 sq. ft.
- Multi-family
- Active
Listed by:mason mccullough
Office:bridgewater realty advisors, llc.
MLS#:NO2499765
Source:LA_RAAMLS
Price summary
- Price:$365,000
- Price per sq. ft.:$127.98
About this home
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.
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Home facts
- Listing ID #:NO2499765
- Added:8 day(s) ago
- Updated:October 08, 2025 at 03:43 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,852 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Heat
Structure and exterior
- Roof:Composition
- Building area:2,852 sq. ft.
- Lot area:0.1 Acres
Finances and disclosures
- Price:$365,000
- Price per sq. ft.:$127.98
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