Fabulous 5-Plex on Esplanade

Multi-Family for Sale
Catylist Listing ID: 30868920
Number of Units: 5 Units
Building Size (RSF): 3,579 SF
Gross Land Area: 3,579 SF
Sale Price: $1,225,000
Unit Price: $245,000 Per Unit
Property Use Type: Net Leased Investment (NNN), Business
Usable Size (USF): 3,579 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Vacation Rental Income: Yes
Last Updated: 4/8/2024

Overview / Comments

Stunning 1850s Victorian 5-plex, nestled on tree-lined Esplanade Ave, 3 blocks from the French Quarter. This exquisite property seamlessly blends historic charm with modern elegance. Meticulously updated and maintained. 5 Units - each with 1 bedroom, 1 full bathroom, and full kitchen. Each unit is a showcase of luxury, featuring beautifully designed and crafted finishes, soaring ceilings, hardwood floors, brick walls, tile bathrooms, quartz counters, SS appliances, fireplace features, and much more. Units A&B are in the front of the main house, while C&D are in the back of the main houses - each with separate entrance. Unit E is a stand-alone cottage located in back, through the lush courtyard. Each unit is separately metered for electric/gas. One water meter. Beyond its historical charm, this is an income-producing property, blending sophistication and practicality. The on-site laundry building includes 3 washers and 3 dryers, with separate water heaters. Tons of storage! One off-street gated parking spaceā€”a luxury that adds an extra layer of convenience. Flood Zone X. Zoned HMR-2. This property is primed to be condos, or maintained as income-producing and/or owner-occupied. Rent estimated based on comps.

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Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Tax ID/APN: 208104113
Zoning: HMR-2
Percent Occupied: 100%
Property Located Between: N. Rampart and Claiborne, on Esplanade
Highway Access: Less than 1 mile to I-10
Airports: MSY
Area Description: The best street in the Treme
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1855
Construction/Siding: HardiePlank Siding
Exterior Description: Vistorian
Parking Type: Surface
Parking Description: 1 designated spot in front of the main house.
Total Parking Spaces: 1
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Interior Description: 5 Units - each with 1 bedroom, 1 full bathroom, and full kitchen. Each unit is a showcase of luxury, featuring beautifully designed and crafted finishes, soaring ceilings, hardwood floors, brick walls, tile bathrooms, quartz counters, SS appliances, fireplace features, and much more. Units A&B are in the front of the main house, while C&D are in the back of the main houses - each with separate entrance. Unit E is a stand-alone cottage located in back, through the lush courtyard. Each unit is separately metered for electric/gas.
Zoning Description: HMR-2
Lot Frontage: 32
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SQ 172 173 LOT A ESPLANADE 32X160

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,835 177,723 380,351
Median Age: 39.01 36.18 36.53
Households: 14,090 77,280 160,825

Contact

Photograph of Listing Agent

ED Shedlock

French Quarter Realty New Orleans, LA 70116
LACDB Member
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