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4 Beds
2 Baths
1,438 sqft

$220,000

701 GORDON Street, New Orleans LA, 70117

Price per sqft$152.99
Built in1977
Property size1,438 sqft
Property typeMulti-family
Courtesy of Anjel Rowan with Anjel Rowan

Overview

Active

Listed Oct 16, 2026

Updated 7h ago

LET'S TALK NUMBERS! If you are a yield-driven investor searching for a defensive, cash-flowing asset in the historic Holy Cross area, your opportunity has arrived to own this low-maintenance all brick double on a solid slab foundation with a new roof. Current FEMA maps indicate the dwelling is located in a preferred Flood Zone X which helps maximize your ROI from day one. Picture a fully stabilized scenario where this "Power-HOUSE" is locked into a government-backed Section 8 ceiling of approximately $2,600 per month. With low overhead expenses, your net operating income has nice potential. Each 2Bd/1BA unit features high-demand features like a private driveway and its own backyard. One side is occupied for immediate cash flow so you can optimize the vacant unit to its full potential. Don't just look at today's numbers- check out the pro-forma metrics (Run the Numbers) and see how this property secures your portfolio's yield. Present your offer today!

$1,464/mo

Est. mortgage payment based on a $220,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2582071

Interior Features

Bedrooms
4
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres
MLS provider logo

Listing Contact: (504) 874-9093 

Based on information from the Gulf South Real Estate Information Network as of 10/21/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 2:51 PM UTC, 10/21/2026

 

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