Active
Sale
Multifamily
Retail
Mixed Use

8001 Downman Rd

8001 Downman Rd, New Orleans, LA 70126

For Sale

$1,200,000

$240.10/SF$150,000/Unit

Total Units
8
Building Size
4,998 SF
Lot Size
5,000 SF
Parish
Orleans
DOM
222
Listed
04/06/2026
Updated
10/31/2026
8001 Downman Rd
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Overview

Prime Lakefront Mixed-Use Property: High-Yield Investment with Added Value Potential

Positioned in a highly desirable, walkable lakefront community, this versatile mixed-use property presents a turnkey investment with immediate income generation and significant upside potential.

Key Features

 Residential Component: 6 total apartment units, featuring strong occupancy with 5 units currently leased to reliable tenants. The final apartment offers immediate flexible potential as an owner-occupant suite, long-term rental, or high-performing vacation rental.

 Commercial Component: 3 prime retail spaces situated on the ground level, ideal for boutique shops, cafés, professional offices, or service-based businesses looking to capture high foot traffic in a resort-style neighborhood.

 Prime Location: Nestled in an active lakefront precinct, offering scenic water views, direct access to waterfront recreation, dining, and steady year-round traffic from both locals and tourists.

 Investment Potential: Enjoys robust, stabilized rental income from existing residential leases while offering immediate value-add capability through commercial leasing and market-rate unit optimization.

Whether you are looking to expand a commercial portfolio or acquire a high-yield mixed-use asset in a sought-after waterfront market, this property offers the perfect balance of immediate cash flow and future growth. Contact us today to schedule a private walkthrough and receive full financial details.

Contact Noah Thomas for tours 504-388-6437

Additional Information

City
New Orleans
County
Orleans Parish
State
LA
Zip Code
70126
Latitude
30.0321156
Longitude
-90.0263217
Secondary Uses
Mixed Use
Zoning
S-B2
Zoning Desc.
Suburban Pedestrian Oriented Corridor Business District
Tenant
5
Building Class
C
Parking Spaces
50
Property Use Type
Business
Total Units
8
Laundry
In Each Unit
Ceiling Height
8'
Nearest Interstate
I-10 - 1 mi
Nearest Airport
Armstrong International Airport - 10 mi
Power Provider
Electric
Water Provider
City - Sewerage Water Board
Parcel APN
39W020205
Listing ID
7080e163

Parcel & Location