SELLER FINANCING - 6%, 30 year Amortization, 5 yr Balloon. Bridgewater Realty Advisors is pleased to present 3215 Dryades Street, a well-maintained six-unit multifamily property located in the desirable Central City neighborhood of New Orleans. The asset consists of six (6) one-bedroom, one-bathroom units, each offering a thoughtful blend of modern conveniences and comfortable, functional living space. $5,850/month gross income.
This property is ideally suited for investors seeking a true turnkey multifamily opportunity. The asset has historically maintained strong occupancy and offers upside potential through future rental rate growth, making it a compelling addition to a long-term investment portfolio.
Situated in a highly sought-after Central City submarket, the property provides stable cash flow and long-term security, with the added benefit of being acquired below replacement cost. Further enhancing its appeal, the offering includes attractive seller financing with 20% down, a 30-year amortization, a 3–5 year balloon, and a negotiable interest rate, positioning this investment as both resilient and flexible for qualified buyers.
The information provided herein has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy or completeness of the information.
Active
$535,000
3215 Dryades St, New Orleans, LA 70115
6beds
2,700sqft
Multi Family, Apartment
Built in 2000
-- sqft lot
$-- Zestimate®
$198/sqft
$-- HOA
What's special
Comfortable functional living spaceModern conveniences
- 101 days
- 81
- 3
Zillow last checked:
Listing updated:
Listed by:
Bryce Danna-Marullo 504-301-5583,
Bridgewater Realty Advisors, LLC 504-901-0463,
Cameron Griffin 504-535-5680,
Bridgewater Realty Advisors, LLC
Source: GSREIN,MLS#: 2566711
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Window Unit
Cooling
- Window Unit(s)
Interior area
- Total interior livable area: 2,700 sqft
Property
Parking
- Parking features: Driveway, Off Street, Parking Lot
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Exterior features: Balcony
Lot
- Size: 4,800 Square Feet
- Dimensions: 40 x 120
- Features: City Lot, Rectangular Lot
Details
- Parcel number: 412202904
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $198/sqft
- Tax assessed value: $205,600
- Annual tax amount: $2,714
- Date on market: 2/13/2026
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Listed for sale | $535,000$198/sqft |
Source: | ||
| 7/1/2026 | Listing removed | $535,000$198/sqft |
Source: | ||
| 6/10/2026 | Price change | $535,000-2.7%$198/sqft |
Source: | ||
| 3/9/2026 | Price change | $550,000-5.2%$204/sqft |
Source: | ||
| 1/13/2026 | Listed for sale | $580,000$215/sqft |
Source: | ||
| 9/30/2016 | Sold | -- |
Source: Public Record Report a problem | ||
| 11/23/2015 | Sold | -- |
Source: Public Record Report a problem | ||
| 9/12/2013 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,714 | $20,560 |
| 2025 | $2,714 -1.5% | $20,560 |
| 2024 | $2,755 +21.6% | $20,560 +27.7% |
| 2023 | $2,265 +3.6% | $16,100 +3.6% |
| 2022 | $2,187 -5.7% | $15,540 -3.5% |
| 2021 | $2,318 -1% | $16,100 |
| 2020 | $2,341 -4.4% | $16,100 -0.6% |
| 2019 | $2,447 | $16,200 |
| 2018 | $2,447 | $16,200 +14.9% |
| 2017 | $2,447 -1.9% | $14,100 -10% |
| 2016 | $2,496 +4.9% | $15,670 |
| 2015 | $2,378 | $15,670 |
| 2014 | $2,378 +2.1% | $15,670 |
| 2013 | $2,330 | $15,670 |
| 2012 | -- | $15,670 |
| 2011 | -- | $15,670 -11.8% |
| 2010 | -- | $17,760 |
| 2009 | -- | $17,760 |
| 2007 | -- | $17,760 |
Find assessor info on the county website
Monthly payment
Est. payment







