1427 Saint Mary Street

Multi-Family for Sale
Catylist Listing ID: 30799163
Number of Units: 6 Units
Building Size (RSF): 5,751 SF
Gross Building Area: See Agent
Sale Price: $1,550,000
Unit Price: $258,333.33 Per Unit
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2022

Overview / Comments

Rare opportunity to acquire a breathtaking, 1860s Italianate Double-Gallery style compound located in the historic Lower Garden District. Set back from the street, this lushly landscaped property offers so many options. Currently configured as 6 units with a grand "owner's unit" featuring all the wonderful historic details you'd expect – moldings, medallions, mantles, wood floors, high ceilings, PLUS a private yard, porch and gated parking! The tenants have a separate entrance, shared courtyard & laundry.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41037650
Zoning: HU-RD2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1862
Construction/Siding: Wood Siding
Laundry: Shared
Zoning Description: The HU-RM2 Multi-Family Residential District is intended to provide for moderate density low-rise multi-family development of up to four stories as well as townhouse developments. This district may serve as a transition zone between single- and two-family neighborhoods and adjacent higher intensity land uses. Limited non-residential uses such as places of worship, historic neighborhood commercial establishments, and recreational facilities that are compatible with surrounding residential neighborhoods may be allowed.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SQ 206 LOTS 3 AND 4 ST MARY

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,674 198,231 400,021
Median Age: 36.92 35.7 36.93
Households: 13,311 84,476 166,120

Contact

Photograph of Listing Agent

Ryan Wentworth

Reve REALTORS New Orleans, LA 70115
LACDB Member
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