Earns $3000 a month in rent - High Cap Rate Gentilly Multifamily Investment in Great Condition - Enjoy steady income from two units in the high demand Gentilly area.
2 blocks to the nearest bus stop and steps from Milne Playground and a short drive to UNO and SUNO. Take advantage of this opportunity as an investor sells to downsize his portfolio and you can build yours!
Current tenants - one has lived here for 7 years and the other has a lease until Dec 2025, with the potential to continue his stay.
Low maintenance property with new roof and new central air, driveway parking and nice sized backyard.
Active
$245,000
2653 Gladiolus St, New Orleans, LA 70122
4beds
1,470sqft
Est.:
Duplex, Multi Family
Built in 1944
-- sqft lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
Nice sized backyard
- 131 days
- on Zillow |
- 84 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: July 17, 2025 at 02:35pm
Listed by:
Jessica Bordelon 504-535-4353,
Berkshire Hathaway HomeServices Preferred, REALTOR 504-799-1702
Source: GSREIN,MLS#: 2494017

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: In Unit
Interior area
- Total interior livable area: 1,470 sqft
Property
Parking
- Parking features: Driveway
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Exterior features: Porch
- Pool features: None
Lot
- Size: 4,800 Square Feet
- Dimensions: 40 x 120
- Features: City Lot, Rectangular Lot
Details
- Parcel number: 38W305922
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Shingle Siding, Shake Siding, Wood Siding
- Foundation: Raised
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 1944
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $150,300
- Annual tax amount: $2,014
- Date on market: 3/28/2025
- Tenant pays: Electricity, Gas
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