2232 ESPLANADE Avenue
Property Description
DOUBLE LOT! NEEDS COMPLETE REMODEL! Remodel as apartments or condos. Positioned along the iconic Esplanade Avenue corridor, 2232 Esplanade Avenue presents a rare opportunity to acquire a historic multi-family redevelopment in one of New Orleans' most desirable neighborhoods. The property consists of five residential units with separately metered utilities, offering flexibility in future leasing and operations. Rich in architectural character and located within a historic district, the asset is ideally suited for a comprehensive restoration that can capitalize on available state and federal historic tax credit programs. In addition to the existing improvements, the offering includes an adjacent lot that provides the ability to construct up to two additional units-further enhancing the property's income potential and long-term upside. Situated just minutes from the French Quarter, Bayou St. John, and City Park, the location benefits from strong rental demand driven by its walkability, charm, and proximity to key cultural and recreational amenities. 2232 Esplanade Avenue represents a compelling value-add opportunity for investors and developers seeking to execute a transformative project in a premier New Orleans submarket.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $849,000 |
| No. of Units: | 5 |
| Year Built: | 1895 |
| Lot Size: | 4,245.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $169,800 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-NOMARLA-2553993
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