USALANew Orleans2123 27 Carondelet Street
2123 27 Carondelet Street, Condo with 16 bedrooms, 14 bathrooms and null parking in New Orleans LA | Image 1
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$1,375,000

2123 27 Carondelet Street, New Orleans, LA

Condo

For Sale

$--,---,---
16140
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 7511 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 1920
Avg. Price Per Sqft $183
MLS® Number 2495628

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Value add multifamily in Excellent location. 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. 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.Show Description
MLS® Number2495628
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatWindow Unit
A/CWindow Units
Heating Fuel

Extras

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