Historic, Mixed Use 5-Plex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30638299
Property Subtypes: Mixed Use
Status: Pending/Contingent
Number of Units: 5 Units
Building Size (RSF): 3,995 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $135,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: 1501 Tchoupitoulas St.
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2020

Overview / Comments

Opportunity zone, mixed use, HU-MU, commercial/residential townhouse, approx 170 yrs old & thought to have originally been an apothecary. Ground flr houses a Pilates studio & an efficiency apt. 2nd flr consists of two 1 BR/1BA units, and the 3rd flr is a studio apt. Includes an interior courtyard utilized for 1 parking spot. Situated directly behind Race & Religious venue, 5 blocks to Mag St & a straight shot Downtown. 5 units, 4 meters. Historic bldg–Likely qualifies for state & fed historic tax credits.

3995 SF living area
4497 SF total area

1st FL Commercial space - 944 SF
1st FL Efficiency - 442 SF
2nd FL Unit 1 - 827 SF
2nd FL Unit 2 - 677 SF
3rd FL Studio Apartment - 965 SF
Interior Courtyard/Garage - 500 SF

Buyer to verify square footage.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Zoning: HU-MU
Property Condition: Fair
Number of Stories: 3
Year Built: 1832

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,202 193,555 389,012
Median Age: 36.55 35.83 36.64
Households: 9,843 82,687 160,580


Photograph of Listing Agent

S. Parkerson (Parke) McEnery

The McEnery Company
New Orleans, LA
LACDB Member
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