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2127 Carondelet Street

New Orleans, LA 70130
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Bed 16

Bed

Bath 0

Bath

SqFt7,511

Sqft

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 pro perty 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. Whether you're seeking steady cash flow or a strategic redevelopment play, this asset sits in one of the most desirable and resilient rental markets in the city.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,325,000

AD Id : 75027997

MLS Id : 2541471

Beds : 16

Living Area Size : 7,511

Year Built : 1920

County : Orleans

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total beds: 16

    Bathroom Information

    Full Baths: 14

    Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: WindowUnit Has Cooling: Yes Cooling: WindowUnits

  • Building Information

    Year Built: 1920
    Construction Materials: Frame, Stucco
    Stories: 3
    Private Pool: No

  • Lot Information

    Lot Dimensions: 6588 Lot Description: CityLot,RectangularLot

  • Listing Price Information

    Listing Price: $1325000

  • Tax Information

    Parcel Number: per assessor

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2221 Constance Street, New Orleans, LA, 70130 $500,000 4 4 2,224 2,224 SqFt
535 Third Street, New Orleans, LA, 70130 $355,000 2 2 944 944 SqFt
514 Second Street, New Orleans, LA, 70130 $695,000 3 3 2,056 2,056 SqFt
2340 Constance Street, New Orleans, LA, 70130 $1,025,000 3 3 3,168 3,168 SqFt
2727 St Charles Street, New Orleans, LA, 70130 $2,900,000 10 11 7,671 7,671 SqFt
2021 S Chippewa Street, New Orleans, LA, 70130 $589,000 3 3 1,667 1,667 SqFt
2515 Laurel Street, New Orleans, LA, 70130 $549,000 3 2 1,844 1,844 SqFt
1014 First Street, New Orleans, LA, 70130 $569,000 3 2 1,707 1,707 SqFt
836 Third Street, New Orleans, LA, 70130 $899,000 3 3 2,436 2,436 SqFt
313 Exchange Place, New Orleans, LA, 70130 $7,270,000 34 -- 20,010 20,010 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/07/2026 @ 15:16

MLS: 2541471 LISTED BY: Mason McCullough, Bridgewater Realty Advisors, LLC 504-901-0463 SOURCE: NOMAR

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