35
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$1,050,000
Est. payment /mo
4 Beds
4 Baths
3,819 SqFt
Active
1328 Esplanade Avenue New Orleans, LA 70116
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,819 sqft
Price per Sqft $274
MLS Listing ID NO2483376
Bedrooms 4
Full Baths 4
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.
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
Listed by KELLER WILLIAMS REALTY 455-0100
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