1722 Esplanade Avenue
New Orleans, LA 70116
- 12 beds
- 10 baths
- 7,092 sqft
- $176 per sqft
- 1920 build
Back on market & price reduction of $150,000. Ten units on Esplanade Avenue - restore units and keep as multifamily or convert to condos. Building needs about $200k in repairs but many units in good condition. The total rents listed on this page are pro forma rents and not the actuals. The building contains ten (10) units with eight (8) 1 bedroom 1 bathroom units, one (1) 2 bedroom 1 bathroom unit, and one (1) 2 bedroom 2 bathroom unit. The units feature beautiful hardwood flooring, marble countertops, balconies, a fenced yard, and high ceilings. The highest and best use of this property is for a purchaser to buy the building and complete the necessary renovations ($217,762) to bring back to commerce. A condo conversion will then be completed and each condo sold off separately for a total of $2,315,000. With the low cost basis and renovation budget, this will allow for a decent size profit for the developer of the project.
Last checked:
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Last updated Feb 18, 2025
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MLS# 2487241 —
The Building
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Year Built:1920
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Construction Materials:Frame, Wood Siding
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Building Area Source:Assessor
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Roof:Shingle
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Foundation:Raised
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Levels:Three Or More
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Stories:3
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Structure Type:Townhouse
Interior
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Living Area:7092
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Living Area Source:Assessor
Location
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Cross Street:Esplanade and N Roman
The Property
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Parcel Number:per assessor
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Property Type:Residential Income
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Property Subtype:Townhouse
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Property Subtype Additional:Townhouse, Apartment
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Property Condition:Average Condition
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Lot Features:City Lot, Rectangular Lot
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Lot Size Dimensions:6720
Listing Agent
- Contact info:
- Agent phone:
- (504) 901-0463
- Office phone:
- (504) 901-0463
Beds
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Bedrooms Total:12
Baths
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Full Baths:10
The Listing
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Current Price:$1,250,000
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:Yes
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Cooling:Central Air
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
Parking
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Parking Features:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/14/25
Feb 14, 2025
|
Listed / Active | GSREIN | $1,250,000 |
