Active
Sale
Multifamily
Investment

Downtown New Orleans Turnkey Development Opportunity!

875 O'Keefe Ave, New Orleans, LA 70113

For Sale

$7,500,000

$421.75/SF$535,714.29/Unit

Total Units
14
Building Size
17,783 SF
Lot Size
0.408 ac
Parish
Orleans
Days on Market
130
Listed
05/25/2026
Updated
05/26/2026
Downtown New Orleans Turnkey Development Opportunity!
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Overview

Positioned at the foot of the South Market District, The O’Keefe presents a rare, turnkey investment opportunity with exceptional upside potential. Purposefully designed for luxury urban living, multi-family income generation, or boutique hospitality conversion, this architecturally striking asset offers investors immediate operational value with significant long-term appreciation potential.

Located at 875 O’Keefe Avenue, this boutique mixed-use development features 14 exclusive luxury residences comprised of one-, two-, and three-bedroom units totaling 28 bedrooms, 25 full bathrooms, and 5 half bathrooms. The property also includes a highly visible commercial component at 955 Howard Avenue, benefiting from premier exposure at the intersections of Howard Avenue, O’Keefe Avenue, and Rampart Street—an ideal opportunity for retail, hospitality, food and beverage, or experiential concepts.

Strategically positioned within walking distance of the Caesars Superdome, Smoothie King Center, the Warehouse District, and the historic French Quarter, The O’Keefe is exceptionally well suited to capitalize on New Orleans’ year-round tourism, entertainment, and convention demand. The property’s flexible layout and premium location make it a compelling candidate for boutique hotel conversion, luxury extended-stay accommodations, corporate housing, or continued high-end residential operation.

Architecturally distinctive and thoughtfully integrated into the fabric of the city, the development combines modern design with historic New Orleans character. Additional features include high-end commercial space, secure garage parking, and an expansive rooftop deck with panoramic skyline views—an increasingly sought-after amenity in the luxury hospitality and residential markets.

Capitalize on the rare opportunity to secure a premier asset in the heart of New Orleans’ thriving CBD. With irreplaceable location value, multiple high-yield redevelopment and revenue strategies, and positioning within one of the country’s most enduring hospitality and tourism markets, The O’Keefe is poised to deliver exceptional long-term upside.

  • Foot of South Market -Downtown New Orleans
  • Walking Distance to the Superdome, Smoothie King Center, French Quarter
  • Gated Secure Access
  • Garage Parking for 8 Cars
  • Chef’s Kitchen with Stainless Steel Appliances - Refrigerator, Dishwasher, Range/Oven/ Microwave Included
  • In Unit Laundry
  • Construction Type - Brick and Hardy
  • Roof - Energy Star Rated Flat
  • Central Air Conditioning
  • Electricity Individually Metered
  • Sprinkler System

Additional Information

City
New Orleans
State
LA
Zip Code
70113
Is Vacant
Yes
Zoning
CBD-5
Zoning Desc.
Urban Core Neighborhood Lower Intensity Mixed Use District
Agent Ownership Interest
Yes
Building Name
The O'Keefe Condominiums
Floors
3
Year Built
2025
Parking Spaces
8
Property Use Type
Investment
Property Status
Existing
Total Units
14
Laundry
In Each Unit
Ceiling Height
9' 9"
Power Provider
Entergy
Water Provider
City - SWB
Sewer Provider
SWB
Parcel APN
103105523
Listing ID
424285f9

Parcel & Location