514-16 Monticello Ave, New Orleans, LA, 70121
About This Home
Charming 2 unit cottage in Old Jefferson just down the street from Oak St and all that it offers. Covered porch and a 1-car carport with shed. Larger owner's unit with approximately 1100 sq ft and a smaller income-producing unit with approximately 550 sq ft. Both units are occupied with long term tenants.
Getting Around
Very Walkable
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Average Condition
- Year built: 1964
Materials
- Foundation: Raised
- Roof: Asphalt,Shingle
- Construction materials: Aluminum Siding,Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Duplex,Multi Family,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating & Cooling
- Heating features: Window Unit
- Cooling features: Window Unit(s)
Interior Area
- Total interior livable area: 1,581 sqft
Property
Details
- Parcel number: 0700004108
- Special condition: None
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 6,155 sqft
- Features: City Lot,Irregular Lot
- Lot size dimensions: 131 x 47 x 111 x 23/20 x 24
Parking
- Total spaces: 1
- Parking features: Carport,One Space
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Hail
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Louisiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,259 | $15,108 |
| Home Insurance * | $348 | $4,176 |
| Property Taxes | $118 | $1,416 |
| Electricity | $147 | $1,773 |
| Total | $1,872 | $22,464 |
Income You'd Need if You Spent...
Louisiana FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-01-27 | Price change | $249,000 |
| 2024-08-19 | Listed for sale | $259,500 |
View on Zillow