$1,325,000
Active
7,511
SqFt
1920
Built
Value add multifamily in Excellent location. Estimated Post renovation of $2.4M plus. 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.
LISTING SNAPSHOT
Price$1,325,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)7,511 sqft
Lot SizeN/A
Year Built1920
MLS® Number2542887
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
GENERAL
Cross StreetSt Charles Ave & Jackson Ave
LevelsThree Or More
ParkingNone
SewerPublic Sewer
SqFt Total7511
Water SourcePublic
ZoningHU-RM1
EXTERIOR
Construction DetailsFrame, Stucco
Lot FeaturesCity Lot, Rectangular Lot
RECENT ACTIVITY
February 13, 2026Active
Listing courtesy of Bridgewater Realty Advisors, LLC
Listing courtesy of Bridgewater Realty Advisors, LLC
Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.
Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.
Comps
An estimate is not available for this listing.
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