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1812 Napoleon Ave 2 Unit Apartment Building $699,000 ($349,500/Unit) 6.54% Cap Rate New Orleans, LA 70115
EXECUTIVE SUMMARY
Discover a prime investment opportunity in Uptown New Orleans with this remarkable property. Built in 1920 and extensively renovated in 2017, the 2,952 SF building features two meticulously maintained units, offering a prime 100% occupancy rate. The property's HU-RD2 zoning provides flexibility for a range of uses, making it an ideal choice for prospective investors. Boasting historic charm and modern functionality, this property presents a compelling opportunity to capitalize on the thriving Uptown New Orleans market. With its strategic location and strong rental history, this property is a noteworthy investment prospect for discerning investors in the commercial real estate arena.
PROPERTY FACTS
| Price | $699,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $349,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.54% | Building Size | 2,952 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2017 |
| Zoning | HU-RD2 | ||
| Price | $699,000 |
| Price Per Unit | $349,500 |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 2,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2017 |
| Zoning | HU-RD2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (88)
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1812 Napoleon Ave
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