19 days on rocket

2205 N Hullen St, Metairie, LA, 70001

$4,000,000

60 Bedrooms
36 Full Baths, 18 Partial
31,652 SqFt
$126/SqFt
Condo
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
ParkingOff Street, Parking Lot
Year Built1987
HeatingCentral
CoolingCentral Air
MLS #2441947
StatusActive

About 2205 N Hullen St

SELLER FINANCING OFFERED. Reach out for terms. Introducing 2205 & 2221 N. Hullen Street, a 36-unit multifamily property (two 18-unit buildings) located in Metairie, LA. This well maintained complex consists of a mix of 2 bed 1 bath units, 2 bed 1.5 bath units and 1 bed 1 bath units with addition of a coin operated laundry room in each building. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo for the larger units. Metairie is a highly desirable market for both renters and investors alike. Multifamily properties in Metairie generally experience lower turnover and rent extremely quick and 2205/2221 N Hullen is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, laundry room in each building, washer & dryer hookups in several units, and ample parking for tenants. New roof as of 2022. In sum, 2205 & 2221 N. Hullen Street represents an extraordinary value-add investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1987
  • Stories: 3
  • Living Area: 31,652 SqFt

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Bryce Danna-Marullo
  • Agent Phone: (504) 301-5583

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 18
  • Full Bathrooms: 36
  • Total Bedroom Count: 60

Exterior Features

Parking Information:

  • Parking: Off Street, Parking Lot

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Grace King High School, Public District Grades 9-12
  • J.D. Meisler Middle School, Public District Grades 6-8
  • J.C. Ellis Elementary School, Public District Grades PK-6

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,000,000
  • Price Per SqFt: $126/SqFt

Tax Information:

  • Annual Amount: $9,816
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Metairie, LA.

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Metairie, LA

City

Med. Sold Price

$310.1K

Med. Price/SqFt

$176

Avg. Days On Market

46

# of Sold Homes

116

2205 N Hullen St vs Metairie

19 DAYS ON ROCKET

-27 Days

$4,000,000

+$3.6M More

$126/SqFt

-$51 Less

KEY TAKEAWAY

This property is $3.6M more than the Median Sold Price and $51/SqFt less than other homes in Metairie, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2441947

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Bryce Danna-Marullo
  • Agent Phone: (504) 301-5583

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: 4/30/2024, 10:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,816$83,090
2019$9,648$79,440
2018$9,009$79,440
2017$9,009$79,440

History based on county public records data.

Payment Calculator

$20K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$12K

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NMLS#3030

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-3963350
8
/10

  • J.C. Ellis Elementary School

  • 801 Brockenbraugh Ct

  • 1.57 miles

  • Public District Grades PK-6

Middle School

school-card-donut-3963351
3
/10

  • J.D. Meisler Middle School

  • 3700 Cleary Ave

  • 1.44 miles

  • Public District Grades 6-8

High School

school-card-donut-3963352
4
/10

  • Grace King High School

  • 4301 Grace King Pl

  • 1.49 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,967. Residents of Metairie, LA typically earn less than $35k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2205 N Hullen St

What is the listing price of this property?

The listing price of 2205 N Hullen St property is $4,000,000.

What type of property is this?

The property 2205 N Hullen St is a condo located in Metairie, Louisiana, 70001.

Is this property for sale now?

Active Listing: 2205 N Hullen St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2205 N Hullen St are:
J.C. Ellis Elementary School: GreatSchools Rating 8/10
J.D. Meisler Middle School: GreatSchools Rating 3/10
Grace King High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $9,816 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2205 N Hullen St has 60 bedrooms and 36 full and 18 half bathrooms.

What is the square footage of this property?

The property 2205 N Hullen St is 31,652 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2205 N Hullen St is 1987.
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Rocket Homes›Louisiana›Jefferson County›Metairie›70001›2205 N Hullen St

This home is located at 2205 N Hullen St in Metairie, LA and zip code 70001. This 31,652 square foot home was built in 1987. Features: 60 bedrooms, 54 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $4,000,000.

Metairie, LA housing market in March 2024 saw over 19 listings sold above listed price, more than 13 sold at listed price and over 84 sold below. In March 2024 in Metairie, LA there were 10.9% more homes for sale than in February 2024. While the average time on the market in March 2024 was 46 days, the median list price was $310,128.

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

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