Log In/Sign Up
Your email has been sent.
2232 Esplanade Ave
New Orleans, LA 70119
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Historic property featuring five residential units with separately metered utilities.
- Eligibility for state and federal historic preservation tax credit programs.
- Conveniently located near the French Quarter, Bayou St. John, and City Park.
- Positioned along Esplanade Avenue in a sought-after New Orleans neighborhood.
- Includes adjacent lot enabling development of up to two additional units.
Executive Summary
Positioned along the iconic Esplanade Avenue corridor, 2232 Esplanade Avenue presents a rare opportunity to acquire a historic multi-family redevelopment in one of New Orleans’ most desirable neighborhoods. The property consists of five residential units with separately metered utilities, offering flexibility in future leasing and operations. Rich in architectural character and located within a historic district, the asset is ideally suited for a comprehensive restoration that can capitalize on available state and federal historic tax credit programs.
In addition to the existing improvements, the offering includes an adjacent lot that provides the ability to construct up to two additional units—further enhancing the property’s income potential and long-term upside. Situated just minutes from the French Quarter, Bayou St. John, and City Park, the location benefits from strong rental demand driven by its walkability, charm, and proximity to key cultural and recreational amenities. 2232 Esplanade Avenue represents a compelling value-add opportunity for investors and developers seeking to execute a transformative project in a premier New Orleans submarket.
In addition to the existing improvements, the offering includes an adjacent lot that provides the ability to construct up to two additional units—further enhancing the property’s income potential and long-term upside. Situated just minutes from the French Quarter, Bayou St. John, and City Park, the location benefits from strong rental demand driven by its walkability, charm, and proximity to key cultural and recreational amenities. 2232 Esplanade Avenue represents a compelling value-add opportunity for investors and developers seeking to execute a transformative project in a premier New Orleans submarket.
Property Facts
| Price Per Unit | $243,411 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 5 | Building Size | 4,245 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1990 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | HU-RD1 | ||
| Price Per Unit | $243,411 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 4,245 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
| Zoning | HU-RD1 |
Property Taxes
| Parcel Number | 2-08-1-073-06 | Improvements Assessment | $63,316 CAD |
| Land Assessment | $25,323 CAD | Total Assessment | $88,639 CAD |
Property Taxes
Parcel Number
2-08-1-073-06
Land Assessment
$25,323 CAD
Improvements Assessment
$63,316 CAD
Total Assessment
$88,639 CAD
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
