2101 Esplanade Avenue

Prime investment opportunity on iconic Esplanade Avenue in the heart of historic Tremé. This fully renovated turnkey six-unit multifamily property offers strong in-place income and significant upside potential, including a possible condominium conversion opportunity due to its unit layout, historic character, and premier location near the French Quarter.

The property consists of five 2BR/1BA units and one studio unit, with five units leased and previously generating approximately $11,300 per month in rental income. Renovated in 2023, the property features a newer roof, newer HVAC systems, updated plumbing, newer appliances, modern fixtures, newer siding, in-unit laundry, and rear off-street parking with no deferred maintenance.

The main unit is vacant and showcases original hardwood floors, soaring 12-foot ceilings, and a wrap-around corner balcony overlooking Esplanade Avenue. Located just minutes from the French Quarter, Faubourg Marigny, and City Park, this property presents a rare opportunity for investors seeking stable cash flow, long-term appreciation, and future condo conversion potential in one of New Orleans’ most desirable historic corridors.