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1516 Gentilly Blvd, New Orleans, LA, 70119

4beds
3baths
1,904sqft
$300,000
$158price/sqft
$2,206/moest. monthly cost
$88,240/yrincome needed

About This Home

This Fairgrounds charmer offers 4 beds, 3 baths, and 1,904 square feet of flexible living that blends classic New Orleans character with practical income potential. The property functions as two units. The main floor features 3 bedrooms and 2 full baths, while the second floor is a private 1 bedroom, 1 bath studio style apartment with its own rear entrance. The upstairs unit is leased for 1,100 dollars per month on a month to month basis, and the tenant is willing to stay for built in income or move out if the new owner has other plans for the space. This setup offers strong flexibility for long term rental, short term use, guests, or extended family. Inside, the home welcomes you with warm original wood floors, tall ceilings, and sunlight from every direction. The living room offers plenty of space to gather or unwind, and the dining room sits at the heart of the home with easy access to a spacious kitchen with solid wood cabinetry and a footprint ready for your personal updates. All three downstairs bedrooms offer generous layouts and natural light. Two full baths and a convenient laundry area complete the main level. The upper apartment adds real value. A private exterior staircase leads to a bright living and sleeping area with its own kitchen and a full bath with a clawfoot tub. Whether used for steady rental income or as a separate living space, the options remain open. Outside, the fenced yard and screened front porch add comfortable outdoor areas and that signature New Orleans ease. Located steps from the Fairgrounds and minutes from Bayou St. John, City Park, restaurants, and coffee shops, this property sits in a high demand rental zone where opportunities like this rarely come available. Homes with built in income and this level of flexibility do not last. Schedule your showing today and explore the possibilities.

Getting Around

87
WalkingVery Walkable
48
TransitSome Transit
99
BikeBiker's Paradise

Construction

Condition

  • Property condition: Very Good Condition
  • Year built: 1946

Materials

  • Foundation: Raised
  • Roof: Shingle
  • Construction materials: Stucco,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: First
  • Dimensions: 13.40 X 12.30

Bedroom

  • Level: First
  • Dimensions: 13.30 X 10.20

Bedroom

  • Level: Second
  • Dimensions: 17.90 X 13.40

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Room

  • Level: First
  • Dimensions: 21.60 X 7.40

Features

  • Fireplace features: None

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,036
  • Total interior livable area: 1,904 sqft

Kitchen

  • Level: First
  • Dimensions: 13.60 X 10.60

Kitchen

  • Level: Second
  • Dimensions: 10.40 X 10.30

Living Room

  • Level: First
  • Dimensions: 27.60 X 12.80

Master Bedroom

  • Level: First
  • Dimensions: 13.60 X 10.40

Porch

  • Level: First
  • Dimensions: 8.40 X 13.00

Property

Details

  • Parcel number: 37W300802
  • Special condition: None

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 3,131 sqft
  • Features: City Lot,Rectangular Lot
  • Lot size dimensions: 35 x 93 x 32 x 108

Parking

  • Parking features: None

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
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Other
Severe Storm
Tornado
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $1,516$18,192
Home Insurance *$331$3,972
Property Taxes $212$2,544
Electricity $147$1,773
Total$2,206$26,472
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$75,634/yr
40% on housing$66,180/yr
45% on housing$58,826/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

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.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 4.1%
4.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$158This listing

vs Other Active Listings

Avg $/sqft

ZIP 70119$144
Orleans Parish$177

vs Homes Sold Last Month

Median $/sqft

ZIP 70119$233
Orleans Parish$199

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

DateEventPrice
2026-05-28Listed for sale$300,000
2026-05-27Listing removed$300,000
2026-04-20Price change$300,000
2026-02-13Price change$329,900
2025-11-26Listed for sale$350,000
2022-07-07Sold--
2022-05-06Pending sale$349,000
2022-04-18Listed for sale$349,000
2022-04-11Pending sale$349,000
2022-04-01Listed for sale$349,000
2022-02-14Listing removed--
2022-01-10Listed for sale$349,000
2022-01-03Pending sale$349,000
2021-11-16Price change$349,000
2021-09-27Listed for sale$364,000

For Sale by Agent

AgentLouis Williams
BrokerageKeller Williams Realty Services

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