$1,325,000

Apartment In New Orleans

  • 16 Beds
  • 14 Baths
  • 7,511 Sqft
  • Updated: March 30
  • 2
    Views for last 30 days
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2541471

About the Property

Value add multifamily in Excellent location with estimated post renovation value of $2.4M+. Located just one block off the iconic St. Charles Avenue and nestled directly behind the renowned Pontchartrain Hotel and Avenue Plaza Hotel, this 14-unit apartment complex presents a rare value add opportunity in a AAA+ location in the heart of New Orleans.
Consisting of two separate buildings—one wit
Value add multifamily in Excellent location with estimated post renovation value of $2.4M+. Located just one block off the iconic St. Charles Avenue and nestled directly behind the renowned Pontchartrain Hotel and Avenue Plaza Hotel, this 14-unit apartment complex presents a rare value add opportunity in a AAA+ location in the heart of New Orleans.
Consisting of two separate buildings—one with 12 units and the other with 2 units—the property offers a mix of studios, one-bedroom, and two-bedroom apartments, giving potential tenants a variety of options. With strong area fundamentals, high demand for quality rentals, and exceptional walkability, this is a prime value-add opportunity for an investor to execute either light cosmetic updates or full-scale renovations.
Once improved, the property has the potential to generate over $17,000 in monthly rental income. Alternatively, the complex could be repositioned and sold off as individual condominiums, unlocking significant upside. Whether you’re seeking steady cash flow or a strategic redevelopment play, this asset sits in one of the most desirable and resilient rental markets in the city.
  • Property type

    Apartment

  • Floors

    3

  • Year built

    1920

  • Price/sqft

    $176

Explore the Area

2127 CARONDELET Street, New Orleans, Louisiana, United States View on Google Maps
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Bridgewater Realty Advisors, LLC - Metairie

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Bridgewater Realty Advisors, LLC - Metairie
Louisiana, United States
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30
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2025
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Bridgewater Realty Advisors, LLC - Metairie
Metairie, Louisiana, United States
View agency profile
Last updated
March 30
First listed
Feb 5
Listing reference
2541471
Listing status
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