1221 Lamanche Street | New Orleans

A STANDOUT OPPORTUNITY

More house. More possibility.
A price worth noticing.

Now offered at $172,500 after a $26,500 price reduction, 1221 Lamanche offers an even more compelling combination of space, useful features and attainable pricing in New Orleans. With three bedrooms, two full baths and 1,285 square feet of living area, it gives an owner-occupant or investor a lot to work with without starting at a luxury-home price.

The open living, dining and kitchen areas make everyday life easy. A split-bedroom layout adds privacy, while the fenced yard, gated driveway and detached one-car garage add real utility. Vacant and professionally deep-cleaned, the home is ready to show now and offers the next owner an opportunity to personalize it over time.

3Bedrooms

2Full Baths

1,285Sq. Ft. Living

43 × 108Lot

1-CarDetached Garage

TAKE A LOOK

See what $172,500 can buy in New Orleans.

WHAT COMES WITH IT

The practical stuff is already here.

Refrigerator, range/oven, microwave & dishwasher
Washer & dryer included
Central heating & air
No carpet
Granite counters
Fenced backyard
Gated off-street parking
Detached one-car garage / storage
Flood Zone X, outside the Special Flood Hazard Area

OWNER-OCCUPANT FINANCING

For an owner-occupant, the opportunity gets even better.

Qualified owner-occupant buyers may have access to financing that can dramatically reduce the cash needed to purchase this home.

100%Financing*

$0Mortgage Insurance*

$7,000Lender Grant*

$8,000Grant for Qualifying First Responders*

According to the participating lender, this program is available for owner-occupied purchases only. Qualified buyers may be eligible for a 30-year fixed-rate mortgage with 100% financing, no mortgage insurance, no income limits, and a lender grant toward closing costs. Eligible buyers may need to contribute as little as $500 of their own funds at closing.

TALK TO THE LENDER, NOT A FORM

M. Andrew “Drew” Remson, MBA

Mortgage Loan Officer • First Horizon
NMLS #84485 • 30+ years experience
(504) 201-3609

Ask Drew About Financing

*Owner-occupant program only. Financing, grants and program terms are subject to lender qualification, underwriting, property eligibility, availability and change. This website is not a commitment to lend. Contact the participating lender for complete terms and eligibility requirements.

OWNER-OCCUPANT PAYMENT PERSPECTIVE

What could financing look like?

Interest rates change constantly. Rather than publishing a lender quote, these examples show how principal-and-interest payments on a $172,500, 30-year mortgage would vary at several higher hypothetical rates chosen for illustration. They are educational examples only, not loan offers.

Ask Drew About Financing

HYPOTHETICAL RATEMONTHLY PRINCIPAL & INTEREST

6.75%$1,119

7.00%$1,148

7.25%$1,177

7.50%$1,206

Illustration only. Rates shown are hypothetical examples and are not current offers or quotes from First Horizon or any lender. Payments shown are principal and interest only and do not include property taxes, homeowners insurance, flood insurance, HOA fees, or other costs. Actual rates, payments and eligibility will vary. The 100% financing program described above is for qualified owner-occupant buyers only.

INVESTMENT POTENTIAL

A different opportunity for investors.

At the new $172,500 asking price, the property may also deserve an even closer look from long-term rental investors. Recent 2026 asking rents for comparable three-bedroom homes in the surrounding Lower Ninth Ward / Holy Cross area suggest an estimated market-rent range of approximately $1,700–$1,900 per month. At a $1,800 midpoint, annual gross rent would be $21,600, or roughly 12.5% gross yield on a $172,500 purchase price.

Important financing distinction: the 100% financing, no-mortgage-insurance and lender-grant program described above is for qualified owner-occupant buyers only. A buyer purchasing the property as a rental or investment would need to explore traditional investment-property financing and its separate down-payment, rate and underwriting requirements.

Rental figures are estimates based on asking rents, not guaranteed achieved rents. Gross yield is before taxes, insurance, vacancy, maintenance, management, financing and other expenses. Buyers should conduct their own investment and financing analysis.

LOWER NINTH WARD

A neighborhood with a soundtrack.

1221 Lamanche sits in a part of New Orleans inseparable from the city’s musical story. Nearby Caffin Avenue was officially renamed Fats Domino Avenue, honoring the legendary New Orleans musician whose longtime home became one of the neighborhood’s best-known landmarks.

This home isn’t selling a velvet-rope version of New Orleans. It offers something more grounded: a place to own a piece of the city and make it yours.

FIND YOUR WAY HERE

See where 1221 Lamanche sits in New Orleans.

Explore the surrounding Lower Ninth Ward, nearby Fats Domino Avenue, and the property's location just off St. Claude Avenue.

Open in Google Maps

COME SEE IT