2 months on rocket

220406 Pauger St, New Orleans, LA, 70116

$539,000

Home List Price

$6,401*

Closing Credit

6 Bedrooms
4 Full Baths
2,454 SqFt
$220/SqFt
Multi
Schools Nearby

Location

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220406 Pauger St, New Orleans$539,000

Buyer Closing Credits

$6,401*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year BuiltNew Const., 2023
HeatingCentral
CoolingCentral Air
MLS #2434072
StatusActive

About 220406 Pauger St

Welcome to your newest income producing opportunity in the heart of New Marigny! This stunning, BRAND-NEW duplex promises both comfort and profitability in one of New Orleans' most vibrant neighborhoods. Boasting an unbeatable location within walking distance to the iconic French Quarter and just moments away from downtown, the CBD, and Metairie, convenience is at your doorstep. Step inside each unit to discover a modern oasis, complete with open living spaces adorned with sleek granite countertops, elegant flooring, and beautiful, NEW appliances. With three spacious bedrooms and two lovely full bathrooms in each unit, tenants will relish in the comfort and style of their new home. Outside, a generously sized backyard awaits, perfect for gatherings and outdoor entertaining. Experience the benefits of owner-occupancy by residing in one unit while the rental income from the other covers a substantial portion of your mortgage. Alternatively, seize the opportunity for a hassle-free investment by renting out both sides. 3 Bedroom units in this area rent for about $2000 per month. Enjoy peace of mind knowing that everything is brand new, resulting in lower insurance rates and minimal maintenance. Plus, with the property located in an "X" flood zone, rest assured knowing you'll benefit from reduced flood insurance rates. Don't miss out on this prime opportunity to own a turnkey income-producing property in one of New Orleans' most sought-after neighborhoods. Schedule your viewing today and start reaping the rewards of real estate investment!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2023
  • Stories: 2
  • Living Area: 2,454 SqFt

Listing Office:

  • Office Name: Nola Home Realty Group
  • Office Phone: (504) 521-1100
  • Listing Agent: Melissa McClendon
  • Agent Phone: (504) 417-5131

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Fence, Porch

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

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: $539,000
  • Price Per SqFt: $220/SqFt
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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

$325.1K

Med. Price/SqFt

$191

Avg. Days On Market

60

# of Sold Homes

322

220406 Pauger St vs New Orleans

75 DAYS ON ROCKET

+15 Days

$539,000

+$213.8K More

$220/SqFt

+$28 More

KEY TAKEAWAY

This property is $213.8K more than the Median Sold Price and $28/SqFt more 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: #2434072

Listing Office:

  • Office Name: Nola Home Realty Group
  • Office Phone: (504) 521-1100
  • Listing Agent: Melissa McClendon
  • Agent Phone: (504) 417-5131

IDX Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.

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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: 5/2/2024, 3:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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-4529853
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 1.71 miles

  • Public District Grades PK-2

school-card-donut-4529854
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 3.70 miles

  • Public District Grades PK-6

Middle School

school-card-donut-4529855
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 3.80 miles

  • Public District Grades PK-8

High School

school-card-donut-4529856
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 1.42 miles

  • Public District Grades 9-12

school-card-donut-4529857
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 3.21 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 $98,317. Most New Orleans, LA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70116›220406 Pauger St

This home is located at 220406 Pauger St in New Orleans, LA and zip code 70116. This 2,454 square foot home was built in 2023. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 17, 2024 and is currently priced at $539,000.

In April 2024 more than 40 listings in New Orleans, LA were sold above the asking price. During the same period more than 60 listings were sold at asking price, while more than 222 were sold below. In April 2024 in New Orleans, LA there were 13.3% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $325,125, while the average time on the real estate market was 60 days.

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

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