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831 Opelousas Ave, New Orleans, LA, 70114

5beds
2baths
2,158sqft
$515,000
$239price/sqft
$4,012/moest. monthly cost
$160,480/yrincome needed

About This Home

Beautifully renovated Algiers Point gem with commercial short-term rental permits already in place. A rare turnkey investment opportunity with no homestead requirement to operate! Originally rich with historic New Orleans character and thoughtfully reimagined in 2022, this stunning 5-bedroom, 2-bath residence seamlessly blends timeless architecture with elevated modern finishes in one of the city’s most beloved & walkable neighborhoods. Nestled just blocks from the Mississippi River levee, charming neighborhood cafés, local pubs, & the ferry to the French Quarter, the location offers an authentic New Orleans lifestyle with unmatched convenience and charm. Inside, soaring ceilings and gleaming hardwood floors create an airy, inviting atmosphere throughout no carpet! The spacious floor plan is perfectly suited for entertaining, large gatherings, or maximizing short-term rental potential. Designer lighting, stone and granite countertops, stainless steel appliances, and beautifully updated interiors provide a polished, move-in-ready feel while still honoring the home’s historic soul. Significant system upgrades offer peace of mind, including HVAC systems and water heater approximately three years old. The raised foundation, fenced backyard, and welcoming covered front porch further enhance both functionality & curb appeal. Even better, the property is located in an area where flood insurance is not required. One of the most valuable features of this property is its already-secured commercial Airbnb permits — an increasingly rare asset in New Orleans and a major advantage for investors seeking immediate income potential without the lengthy permitting process. Whether envisioned as a luxury primary residence, stylish second home, or high-performing short-term rental, this home delivers the perfect combination of historic elegance, modern comfort, unbeatable walkability, and exceptional income-producing potential in the heart of iconic Algiers Point.

Getting Around

74
WalkingVery Walkable
40
TransitSome Transit
60
BikeBikeable

Construction

Condition

  • Property condition: Excellent
  • Year built: 1900

Materials

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

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Oven,Range,Refrigerator,Washer,ENERGY STAR Qualified Appliances

Bathroom

  • Level: First
  • Dimensions: 6.8 x 9.5

Bedroom

  • Level: First
  • Dimensions: 10.3 x 14

Bedroom

  • Level: First
  • Dimensions: 14 x 14.5

Bedroom

  • Level: Second
  • Dimensions: 10.3 x 11.3

Bedroom

  • Level: Second
  • Dimensions: 11.6 x 11.2

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: First
  • Dimensions: 13 x 14

Family Room

  • Level: First
  • Dimensions: 13 x 14.3

Features

  • Granite Counters,Pantry,Stone Counters,Stainless Steel Appliances
  • Fireplace features: Other
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Window Unit
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total structure area: 2,258
  • Total interior livable area: 2,158 sqft

Kitchen

  • Level: First
  • Dimensions: 11.8 x 14

Laundry

  • Level: First
  • Dimensions: 6.3 x 11.2

Living Room

  • Level: First
  • Dimensions: 11.9 x 14.3

Master Bathroom

  • Level: First
  • Dimensions: 11.1 x 11.2

Master Bedroom

  • Level: First
  • Dimensions: 13.7 x 14.1

Mud Room

  • Level: First
  • Dimensions: 7.2 x 11.2

Porch

  • Level: First
  • Dimensions: 6.2 x 5.3

Porch

  • Level: First
  • Dimensions: 25.2 x 7.5

Property

Details

  • Parcel number: 513202209
  • Special condition: None

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Covered,Porch
  • Exterior features: Fence,Porch

Lot

  • Lot size: 4,159 sqft
  • Features: City Lot,Rectangular Lot
  • Lot size dimensions: 32 x 130

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
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
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 $2,604$31,248
Home Insurance *$881$10,572
Property Taxes $364$4,368
Electricity $163$1,957
Total$4,012$48,144
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$137,554/yr
40% on housing$120,360/yr
45% on housing$106,986/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

$239This listing

vs Other Active Listings

Avg $/sqft

ZIP 70114$131
Orleans Parish$177

vs Homes Sold Last Month

Median $/sqft

ZIP 70114$139
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
2026-05-25Listed for sale$515,000
2026-05-06Listing removed$515,000
2026-02-04Price change$515,000
2025-11-08Listed for sale$525,000
2021-12-10Sold--
2021-10-30Pending sale$299,900
2021-10-15Price change$299,900
2021-10-01Price change$314,900
2021-08-02Pending sale$349,900
2021-07-24Price change$349,900
2021-06-30Pending sale$374,900
2021-05-16Price change$374,900
2021-04-29Listed for sale$399,900
2014-12-31Sold--

For Sale by Agent

AgentSarah Aucoin
BrokerageColdwell Banker TEC MAGAZINE

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