1328 Esplanade Avenue, New Orleans, LA 70116

Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
1328 Esplanade Avenue,New Orleans, LA 70116
$1,050,000
  • 4 Beds
  • 5 Baths
  • 3,579 sq. ft.
  • Multi-family
  • Active
Listed by:cassondra larsen
Office:keller williams realty 455-0100
MLS#:2483376
Source:LA_CLBOR

Price summary

  • Price:$1,050,000
  • Price per sq. ft.:$293.38

About this home

Investor Opportunity – Income, Flexibility, and Historic Charm <br><br> 1328 Esplanade Avenue offers a rare combination of income potential, location, and owner-occupant flexibility in one of New Orleans’ most desirable historic corridors—just three blocks from the French Quarter. This meticulously maintained 5-plex features five 1-bedroom, 1-bath units, each with private entries and outdoor spaces. The current layout supports multiple configurations, including a high-performing short-term rental strategy. <br><br> In one of the most lucrative setups, the two upper units can be combined into a licensed luxury 2-bedroom Airbnb—projecting annual STR revenue of approximately $65,000—while the remaining three units generate street rents of up to $2,000/month. The fifth unit offers an ideal owner-occupied residence or pied-à-terre, allowing the buyer to live on-site while enjoying an estimated $10,700/month in gross income. <br><br> Additional highlights: Fully licensed Airbnb unit

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Home facts

  • Year built:1854
  • Listing Id #:2483376
  • Added:207 day(s) ago
  • Updated:August 14, 2025 at 03:03 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:3,579 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Heating

Structure and exterior

  • Roof:Shingle
  • Year built:1854
  • Building area:3,579 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,050,000
  • Price per sq. ft.:$293.38