1328 Esplanade Avenue Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70116
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NO2483376
Lot Size 5120.000 Acres
Acres 0.1175
Property Description
Investor Opportunity - Income, Flexibility, and Historic Charm
1328 Esplanade Avenue offers a rare combination of income potential, location, and owner-occupant flexibility in one of New Orleans' most desirable historic corridors--just three blocks from the French Quarter. This meticulously maintained 5-plex features five 1-bedroom, 1-bath units, each with private entries and outdoor spaces. The current layout supports multiple configurations, including a high-performing short-term rental strategy.
In one of the most lucrative setups, the two upper units can be combined into a licensed luxury 2-bedroom Airbnb--projecting annual STR revenue of approximately $65,000--while the remaining three units generate street rents of up to $2,000/month. The fifth unit offers an ideal owner-occupied residence or pied-a-terre, allowing the buyer to live on-site while enjoying an estimated $10,700/month in gross income.
Additional highlights: Fully licensed Airbnb unit with Superhost status and 5-star reviews Sewer line replaced in 2020 from back cottage to street Five separate electric and gas meters Shared laundry facility with 3 washers & dryers One off-street parking spot Zoned HMR-2 | Flood Zone X Whether you're seeking a hybrid live/rent setup or a high-yield, diversified investment, this income-producing property offers immediate returns and long-term upside in a prime location.
Location
State LA
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature Balcony
Parking Features None
Roof Type Composition
Garage false
Building
Foundation Pillar/Post/Pier
Level or Stories 2
Others
Tax ID 1328esplanadeav
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry