1722 Esplanade Avenue, New Orleans, LA 70116
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
1722 Esplanade Avenue,New Orleans, LA 70116
$1,150,000
- - Beds
- - Baths
- 7,092 sq. ft.
- Multi-family
- Active
Listed by:mason mccullough
Office:bridgewater realty advisors, llc.
MLS#:NO2487241
Source:LA_RAAMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$162.15
About this home
$100K PRICE REDUCTION. Seller is open to partnership or joint venture with buyer. Ten units on Esplanade Avenue - restore units and keep as multifamily or convert to condos. Building needs about $200k in repairs but many units in good condition. The total rents listed on this page are pro forma rents and not the actuals. State and federal historic tax credits. The building contains ten (10) units with eight (8) 1 bedroom 1 bathroom units, one (1) 2 bedroom 1 bathroom unit, and one (1) 2 bedroom 2 bathroom unit. The units feature beautiful hardwood flooring, marble countertops, balconies, a fenced yard, and high ceilings. The highest and best use of this property is for a purchaser to buy the building and complete the necessary renovations ($217,762) to bring back to commerce. A condo conversion will then be completed and each condo sold off separately for a total of $2,315,000. With the low cost basis and renovation budget, this will allow for a decent size profit for the developer of the project.
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Home facts
- Listing ID #:NO2487241
- Added:8 day(s) ago
- Updated:October 08, 2025 at 03:44 PM
Rooms and interior
- Living area:7,092 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Heat
Structure and exterior
- Roof:Composition
- Building area:7,092 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$162.15
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