Active

2127 Carondelet Street

New Orleans, LA 70130
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Bed 16

Bed

Bath 14

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 prope rty 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 : Residential Income

Price : $1,325,000

AD Id : 75027997

MLS Id : 2541471

Beds : 16

Living Area Size : 7,511

Year Built : 1920

County : Orleans

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Feature Features

  • Bedroom Information

    Total Bedrooms: 16

    Bathroom Information

    Full Baths: 14 Half Baths: 0

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Room Information

    Total Square Feet Living: 7511 Total Rooms: 0
  • Interior Features

    Roof: Shingle Cooling Features: Window Unit(s) Heating Features: Window Unit

  • Building Information

    Year Built: 1920 Roof: Shingle

  • Lot Information

    Lot Features: City Lot,Rectangular Lot
  • Property Information

    SQ ft: 7,511 Source Listing Status: Active Property Subtype: Apartment Building Exterior Type: Frame,Stucco Foundation Details: Raised Property Age: 106 Property Condition: Average Condition Levels or Stories: Three Or More

  • Listing Price Information

    Original List Price: $1,325,000

  • Tax Information

    Parcel Number: per assessor
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
714 Carondelet Street, New Orleans, LA, 70130 $1,250,000 -- -- 7,870 7,870 SqFt
2423 Prytania Street, New Orleans, LA, 70130 $8,500,000 6 5 7,995 7,995 SqFt
3500 Adrian Street, New Orleans, LA, 70130 $49,000 -- -- 280 280 SqFt
525 St Louis Street, New Orleans, LA, 70130 $4,500,000 7 6 7,416 7,416 SqFt
509 Conti Street, New Orleans, LA, 70130 $770,000 3 3 3,600 3,600 SqFt
315 Decatur Street, New Orleans, LA, 70130 $2,550,000 10 9 8,800 8,800 SqFt
717 Toulouse Street, New Orleans, LA, 70130 $1,595,000 5 5 3,529 3,529 SqFt
324 Chartres Street, New Orleans, LA, 70130 $1,600,000 5 4 5,250 5,250 SqFt
720 St Louis Street #3 4, New Orleans, LA, 70130 $1,090,000 3 3 3,908 3,908 SqFt
214 Chartres Street #3, New Orleans, LA, 70130 $279,000 1 1 556 556 SqFt

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ByOwner last updated this listing 06/23/2026 @ 11:05

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

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