2127 Carondelet Street, New Orleans, LA 70130

New Orleans
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
2127 Carondelet Street,New Orleans, LA 70130
$1,325,000
  • - Beds
  • - Baths
  • 7,511 sq. ft.
  • Multi-family
  • Active
Listed by: mason mccullough
Office: bridgewater realty advisors, llc.
MLS#:NO2541471
Source:LA_RAAMLS

Price summary

  • Price:$1,325,000
  • Price per sq. ft.:$176.41

About this home

Value add multifamily in Excellent location with estimated post renovation value of $2.4M+. 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....

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Home facts

  • Listing ID #:NO2541471
  • Added:52 day(s) ago
  • Updated:March 29, 2026 at 03:10 PM

Rooms and interior

  • Living area:7,511 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)

Structure and exterior

  • Roof:Composition
  • Building area:7,511 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Frame, Stucco
  • Foundation Description:Pillar/Post/Pier
  • Levels:3 Story

Finances and disclosures

  • Price:$1,325,000
  • Price per sq. ft.:$176.41

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