2001 Laharpe Street St, New Orleans, LA 70116 (MLS # NO2561419)

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PRICE $799,000 BEDS 0 BATHS 0 HOME SIZE 5,157 sqft LOT SIZE 6,970 sqft Request More Info Schedule a Showing

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.

The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana’ MLS. Real Estate listings held by brokerage firms other than Dwight Andrus Real Estate Agency, LLC are marked with the MLS approved icon for IDX (a little black house).
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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