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This stunning, fully renovated 5-unit multi-family property is a rare investment opportunity in Esplanade Ridge, one of New Orleans' most desirable neighborhoods. Situated on a high topographical ridge, the property is just steps from Esplanade Avenue and a short walk to Jazz Fest, Pagoda Cafe, and the best of Mid-City and the Marigny. Originally built in 1855 and substantially renovated in 2015?2016, the property sits in Flood Zone X (minimal flood risk) and includes a detached one-car garage. It consists of two structures on a spacious 7,682 sq ft corner lot: The main house at 2001 Laharpe Street / 1549 N. Johnson Street (4 units, 5,157 sq ft) A charming detached 1-bedroom/1-bath cottage at 2007 Laharpe St., Apt. Lower historically a 'summer kitchen outbuilding, now a fully renovated standalone unit Four units are currently occupied and generating $5,600/month ($67,200 annually). The 3BD/2BA unit at 1549 N. Johnson is intentionally vacant and priced at $1,750/month, giving the new owner flexibility to occupy or lease it. With all five units leased at market rate, the pro-forma gross revenue reaches $88,200 annually. The renovation delivers contemporary living with modern kitchens, updated bathrooms, and high-quality finishes that respect the building's historic roots while offering turnkey appeal for today's tenants. All data is provided as-is and assumed accurate; however, Buyer and Buyer's Agent must independently confirm all information.
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: Bridgewater Realty Advisors, LLC
Agency Phone: (504) 901-0463
Shown By
Agency Title: John Weil Realty, LLC
Agency Phone: 504-512-6339
