USALANew Orleans211 S Olympia St
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211 S Olympia St, New Orleans, LA

House

For Sale

Listed price in listed location currency (USD).
$375,000

800

MLS® 2556130

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3340 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1920
Avg. Price Per Sqft $112
MLS® Number 2556130

Property Address: 211 S Olympia St, New Orleans, LA, 70119-5819

Average square foot calculated using Size range provided by listing agent.

Description

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 $375, 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 brand-new roof and a new sewer line already in place. Currently, two of the four units are occupied and generating cash flow. 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.
MLS® Number2556130
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
Basement
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 11, 2026List Date
$375,000List Price
  • Commute

Commute

Starting Address
Destination Address
211 S Olympia St, New Orleans, LA

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