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Congress Square Apartments 1432 Independence St 32 Unit Apartment Building $2,190,000 ($68,438/Unit) New Orleans, LA 70117
Investment Highlights
- Multi-Family Investment Opportunity!
Executive Summary
1432 Independence Street presents a rare multi-family investment opportunity in the Bywater submarket of New Orleans, featuring 32 townhouse-style units across 28,000 SF on a 1.26-acre site – nearly an entire city block. Built in the 1950s and updated in the 1990s, the property is currently 100% occupied and offers spacious layouts averaging 875 SF with average rents of $964 per unit ($1.10/SF). The community is comprised of eight two-story buildings with four units each, complemented by 36 gated parking spaces and ample on-street parking, controlled access, and on-site laundry facilities. Units benefit from central air conditioning, gable roofs with warranties, and individually metered electricity with central water service. With stable tenancy, walkable neighborhood amenities, and strong rental demand, 1432 Independence Street provides dependable cash flow and long-term value in a highly sought-after urban corridor.
Property Facts
| Price | $2,190,000 | Apartment Style | Garden |
| Price Per Unit | $68,438 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.27 AC |
| No. Units | 32 | Building Size | 27,200 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Zoning | HU-RM1 | ||
| Price | $2,190,000 |
| Price Per Unit | $68,438 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 27,200 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Zoning | HU-RM1 |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | - | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (84)
Property Taxes
| Parcel Number | 3-9W-3-103-04 | Improvements Assessment | $94,330 |
| Land Assessment | $33,070 | Total Assessment | $127,400 |
Property Taxes
Parcel Number
3-9W-3-103-04
Land Assessment
$33,070
Improvements Assessment
$94,330
Total Assessment
$127,400
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Congress Square Apartments | 1432 Independence St
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