837-839 Jackson Avenue, New Orleans, LA 70130
Local realty services provided by:Better Homes and Gardens Real Estate Lindsey Realty
Listed by:brenna white
Office:lanasa realty, inc
MLS#:2486006
Source:LA_GSREIN
Price summary
- Price:$2,450,000
- Price per sq. ft.:$450.28
About this home
UNICORN INVESTMENT OPPORTUNITY! This outstanding building has FOUR TRANSFERABLE Commercial short term rental permits. The building underwent a full scale renovation in 2015. Each unit is two bedrooms, 2.5 baths (many are ensuite baths) walk in closets for days. The upper units have soaring ceilings and all units have tons of natural light. Every unit comes fully furnished with professional property management in place, many repeat guests, high star ratings across multiple short term rental platforms- a highly sought after vacation rental accommodation. The units were designed to complement but not compete with each other leading to high booking rates. The building as a whole is permitted to sleep 16 with room to spare, each unit sleeps 4. Steps from Magazine St, the location is outstanding for locals and tourists alike. This building is made for high returns (10% CAP rate), can be short term rented full time, or turn one unit into an owners unit- or both! Imagine having a place to come and go from steps from fabulous restaurants and shopping, and it produces income while you are not using it! Best of both worlds. The building grosses approximately $300,000 a year and growing. STR lender recommendations available upon request.
This is a special opportunity for an investor- special building, in a special location that doesn't come along often. Certainly not one to be missed!
Links to rental units can be provided upon request.
Agent is related to sellers and property management company.
Zoned Hu-B1A
This one will move quickly, don't sleep on this great investment opportunity.
Contact an agent
Home facts
- Year built:1860
- Listing Id #:2486006
- Added:190 day(s) ago
- Updated:August 16, 2025 at 03:13 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:12
- Full bathrooms:8
- Half bathrooms:4
- Living area:5,441 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Heating
Structure and exterior
- Roof:Shingle
- Year built:1860
- Building area:5,441 sq. ft.
- Lot area:0.09 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,450,000
- Price per sq. ft.:$450.28
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