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Key Details
Sold Price $720,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,943 sqft
Price per Sqft $182
MLS Listing ID 2481766
Sold Date 04/22/25
Style Traditional
Bedrooms 7
Full Baths 4
Half Baths 1
Construction Status Very Good Condition
HOA Y/N No
Year Built 1981
Property Sub-Type Triplex
Property Description
THIS PROPERTY QUALIFIES FOR 5% DOWN ON A CONVENTIONAL LOAN!! Charming Mid-City Tri-plex with fully furnished Commercial Short-term Rental! NEWER FORTIFIED ROOF!! (2023) Located on the parade route in the heart of one of New Orleans' most iconic and bustling neighborhoods, this Tri-plex offers a fantastic investment opportunity! Currently maintained as a residence, this property is zoned S-LB1 or Suburban Lake Area Neighborhood Business District. (NO RESIDENTIAL STR RULES to adhere to!) Whether you're a homeowner looking for a mortgage helper or an investor searching for prime rental income, this location offers a winning combination of convenience and charm. Having a commercial zoning equals an amazing opportunity for mixed use! For example...live in one unit, have a commercial office space in one unit, and have a commercial short-term or mid-term rental in another! Featuring cozy front Porches and upstairs Balcony overlooking the Streetcar and parade route. Unit 633 boasts handsome hardwood floors, an open kitchen,wet bar, Screened Back Porch and small Courtyard. Owners suite with fire place, double walk-in closets, and large en suite bath with double vanities and large whirlpool tub. Upstairs with 3 beds/1B and bonus room. Unit 635 is 1B/1B and suitable for resident or small business. Unit 635B is fully furnished with 2B/1B and rented as a commercial Short-Term Rental. Walking distance to popular dining spots, entertainment venues, Lafitte Greenway, and scenic New Orleans City Park, this property is perfectly positioned for urban living or commercial space. Given the high demand for rental properties and limited home buying due to elevated mortgage rates, multifamily properties continue to be a strong investment! FLOOD ZONE X!
ALL SHOWINGS REQUIRE 24 HOURS NOTICE
Location
State LA
County Orleans
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Room
Exterior
Exterior Feature Balcony, Courtyard, Enclosed Porch, Fence, Porch
Parking Features None
Pool None
Water Access Desc Public
Roof Type Shingle
Porch Balcony, Porch, Screened
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Construction Status Very Good Condition
Others
Tax ID 541
Financing Conventional
Special Listing Condition None
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Celeste Marshall
Rêve | Realtor | License ID: 0995686000
Rêve | Realtor License ID: 0995686000