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Value Add Investment Portfolio

1432 Ursulines Ave New Orleans, LA 70116

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Overview

This portfolio of seven historic New Orleans properties offers a compelling value-add investment opportunity for buyers or investors eager to restore classic homes in vibrant, sought-after neighborhoods. Featuring a Tremé corner lot with a shotgun double and a detached one-bedroom home, two shotgun doubles on Henriette Delille St. just one block from the French Quarter, a corner-lot double on N. Claiborne Avenue, and a Bayou Road double & triplex with stained glass, these properties boast high ceilings, original fireplaces, and timeless New Orleans charm. Strategic locations provide easy access to the French Quarter, Louis Armstrong Park, the Superdome, Marigny, and local cafes. While several units, including one severely damaged by Hurricane Ida and another needing full renovation, require repairs, the portfolio includes vacant units available for lease, offering immediate income potential. Recent upgrades, such as a new roof on one property, provide a solid foundation for renovations. With their historic character and prime locations, these properties present a unique chance to revitalize New Orleans’ architectural heritage while generating value through owner-occupancy or rental income.

For Sale

Multifamily
Sale Price
$1,799,000
Price Per SF
$149.8/SF
Building Size
12,011 SF
Acres
0.09 ac
Gross Income
$72,600
Signage
Monument
Showing Instructions
Contact Broker
Floors
1
Year Built
1920
Submarket
Greater New Orleans
Property Status
Existing
County
Orleans
Available
2025-05-22
Created
2025-05-22
Updated
2025-05-23
Listing ID
e8f3ab84
Parcel APN
208103909