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1030 Burgundy St 2 Unit Apartment Building $1,425,000 ($712,500/Unit) 4.63% Cap Rate New Orleans, LA 70116
Investment Highlights
- Situated just steps from the vibrant heart of the Quarter.
Executive Summary
A rare French Quarter gem, this fully leased multifamily property at 1030 Burgundy Street offered investors an exceptional opportunity to own a slice of New Orleans history with modern rental performance. Situated just steps from the vibrant heart of the Quarter, the property features two fully rented units totaling approximately 3,600 SF — a spacious main house (~2,750 SF) currently leased for $3,500/month, and a charming guest house (~850 SF) renting for $2,000/month.
Behind its historic facade lies a lush private courtyard and sparkling pool, delivering an unmatched indoor-outdoor lifestyle that’s nearly impossible to replicate in this location. This turnkey asset blends classic architectural character with strong in-place income and lifestyle appeal, making it an ideal buy for investors seeking stability, upside, and iconic curb appeal in one of the most desirable neighborhoods in the city.
Behind its historic facade lies a lush private courtyard and sparkling pool, delivering an unmatched indoor-outdoor lifestyle that’s nearly impossible to replicate in this location. This turnkey asset blends classic architectural character with strong in-place income and lifestyle appeal, making it an ideal buy for investors seeking stability, upside, and iconic curb appeal in one of the most desirable neighborhoods in the city.
Property Facts
| Price | $1,425,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $712,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 4.63% | Building Size | 3,308 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | VCR-1 - Multi-Family Building | ||
| Price | $1,425,000 |
| Price Per Unit | $712,500 |
| Sale Type | Investment |
| Cap Rate | 4.63% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,308 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1900 |
| Zoning | VCR-1 - Multi-Family Building |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 2-08-1-022-18 | Improvements Assessment | $78,750 |
| Land Assessment | $25,450 | Total Assessment | $104,200 |
Property Taxes
Parcel Number
2-08-1-022-18
Land Assessment
$25,450
Improvements Assessment
$78,750
Total Assessment
$104,200
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1030 Burgundy St
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