6 months on rocket

1005 Gordon St, New Orleans, LA, 70117

$335,000

Home List Price

$3,978*

Closing Credit

8 Bedrooms
4 Full Baths
3,312 SqFt
$101/SqFt
Multi
Schools Nearby

Location

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1005 Gordon St, New Orleans$335,000

Buyer Closing Credits

$3,978*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingNone
Year Built2005
HeatingCentral
CoolingCentral Air
MLS #2419375
Lot Size0.09 Acres
StatusActive

About 1005 Gordon St

FANNIE MAE: 5% DOWN PAYMENT!! This EXCEPTIONAL fourplex in the coveted Holy Cross East area is your ticket to an ENTICING investment—an authentic New Orleans GEM. Comprising four spacious units, each boasting two bedrooms and one bathroom, this property offers tenants comfortable and roomy living spaces. Beyond its inviting interiors, this home has additional features that make it a standout investment; the lively front porch and backyard provide perfect spots for hosting gatherings and unwinding outdoors. The property has been thoughtfully updated with new floors, a fresh fence, and a relatively new roof. At FULL OCCUPANCY, this fourplex collects a total of $4,400 monthly rent from all four units. This consistent stream of rental income ensures a secure investment with great potential. Tenants are responsible for electricity; the owner covers water expenses. Whether you're a seasoned investor or a first-time buyer seeking a smart real estate venture, this fourplex ticks all the boxes for a successful and profitable investment. This property is not missed with its prime location and substantial rental income. Don't let this investment opportunity slip through your fingers. REACH OUT TODAY to schedule a viewing or to learn more!! It's an investment that promises both financial security and growth potential.

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 2005
  • Stories: 2
  • Living Area: 3,312 SqFt

Listing Office:

  • Office Name: Snap Realty
  • Office Phone: (504) 301-3826
  • Listing Agent: Meagan Ebanks
  • Agent Phone: (504) 202-3400

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Balcony, Porch

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • McDonogh #35 College Preparatory School, Public District Grades 9-12
  • Eleanor Mcmain Secondary School, Public District Grades 7-12
  • Benjamin Franklin Elementary Math and Science, Public District Grades PK-8
  • Mahalia Jackson Elementary School, Public District Grades PK-2
  • Mary Bethune Elementary Literature/Technology, Public District Grades PK-6

Price Information

Listing Price Info

Price Summary:

  • List Price: $335,000
  • Price Per SqFt: $101/SqFt

Tax Information:

  • Annual Amount: $2,002
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in New Orleans, LA.

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New Orleans, LA

City

Med. Sold Price

$329.1K

Med. Price/SqFt

$192

Avg. Days On Market

67

# of Sold Homes

279

1005 Gordon St vs New Orleans

188 DAYS ON ROCKET

+121 Days

$335,000

+$5.8K More

$101/SqFt

-$91 Less

KEY TAKEAWAY

This property is $5.8K more than the Median Sold Price and $91/SqFt less than other homes in New Orleans, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2419375

Listing Office:

  • Office Name: Snap Realty
  • Office Phone: (504) 301-3826
  • Listing Agent: Meagan Ebanks
  • Agent Phone: (504) 202-3400

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 8:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 08, 2017Home Sold
$220,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,002$20,600
2019$1,955$19,800
2018$3,051$19,800
2017$2,354$16,000

History based on county public records data.

Payment Calculator

$1,739

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,071

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2571957
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 4.57 miles

  • Public District Grades PK-2

school-card-donut-2571958
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 6.18 miles

  • Public District Grades PK-6

Middle School

school-card-donut-2571959
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 6.61 miles

  • Public District Grades PK-8

High School

school-card-donut-2571960
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 3.22 miles

  • Public District Grades 9-12

school-card-donut-2571961
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 6.07 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $13,462. The majority of New Orleans, LA residents have income less than $35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70117›1005 Gordon St

This home is located at 1005 Gordon St in New Orleans, LA and zip code 70117 in the Holy Cross neighborhood. This 3,312 square foot home, which was built in 2005, sits on a 0.09 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 23, 2023 and is currently priced at $335,000.

Over 30 listings were sold over their listed price in March 2024 in New Orleans, LA. In the same period over 206 listings were sold below the listed price and 43 listings were sold for the listed price. The inventory of homes for sale in New Orleans, LA between February 2024 and March 2024 increased by 16.8%. While the average time on the market in March 2024 was 67 days, the median list price was $329,132.

From Rocket Homes Real Estate and based on county public records data.

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