2039 Calhoun St, New Orleans, LA, 70118
About This Home
Ideally located at Freret and Calhoun Streets, just steps from Tulane and Loyola Universities, 2039 Calhoun offers a fully leased 12-bedroom, 5,700+ SF student housing investment property. The property features a standalone four-bedroom unit on the ground floor and an eight-bedroom unit on the second and third floors. Currently leased to one group, the units can also be rented separately by closing a door. Each unit includes a full kitchen and in-unit laundry. With a commanding corner presence, direct sightlines to the universities, off street parking, and original historic details, the property has undergone extensive renovations, including a new roof, gutters, exterior paint, major siding and HVAC repairs, new flooring, updated bathrooms, new laundry units and many others. Centrally located in Uptown, just minutes from the Freret and Maple Street commercial corridors, the property is in constant high demand and ensures strong, stable rental income. The upper unit is fully leased for 2025-2026, and ownership is finalizing a lease for the ground floor. 2039 Calhoun Street is a rare opportunity in an unbeatable university location.
Getting Around
Somewhat Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Excellent
- Year built: 1905
Materials
- Foundation: Slab
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Duplex,Multi Family,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 5
- Full bathrooms: 5
Heating & Cooling
- Heating features: Central,Multiple Heating Units
- Cooling features: Central Air,Window Unit(s)
Interior Area
- Total interior livable area: 5,788 sqft
Property
Details
- Parcel number: 41051151
- Special condition: None
Features
- Levels: Three Or More
- Stories: 3
- Pool features: None
- Patio & porch: Balcony,Porch
- Exterior features: Balcony,Courtyard,Porch
Lot
- Lot size: 4,838 sqft
- Features: Corner Lot,City Lot,Irregular Lot
- Lot size dimensions: 59 x 82
Parking
- Total spaces: 3
- Parking features: Driveway,Off Street,Three or more Spaces
- Has uncovered spaces: 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
- Cold Wave
- 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 | $6,826 | $81,912 |
| Home Insurance * | $1,765 | $21,180 |
| Property Taxes | $956 | $11,472 |
| Electricity | $437 | $5,251 |
| Total | $9,984 | $119,808 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-05-05 | Listing removed | $2,000 |
| 2025-04-23 | Price change | $2,000 |
| 2025-03-28 | Listed for sale | $1,350,000 |
| 2025-03-11 | Listed for rent | $2,250 |
| 2024-09-13 | Listing removed | $2,250 |
| 2024-08-20 | Listed for rent | $2,250 |
| 2024-08-19 | Listing removed | -- |
| 2024-05-13 | Price change | $2,400 |
| 2024-04-18 | Listed for rent | $2,600 |
| 2011-01-04 | Sold | -- |
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