Log In/Sign Up
Your email has been sent.
2601-2603 3rd St 7 Unit Apartment Building $699,000 ($99,857/Unit) New Orleans, LA 70113
Investment Highlights
- Seven-unit multi-family building with approximately 4,000 SF of recently renovated interiors.
- Immediate income potential with upside through professional management and rental growth.
- Located in Flood Zone X (X500), offering reduced flood risk compared to other areas of New Orleans.
Executive Summary
This seven-unit multi-family property at 2601-03 Third Street presents an exceptional investment opportunity in the heart of New Orleans. Positioned on a 2,790-square-foot corner lot with frontage along both Third Street and South Robertson Street, the building offers approximately 4,000 square feet of recently renovated living space. Its location provides convenient access to Downtown New Orleans, major employment centers, and a wide range of retail and dining options.
Configured as seven individual apartment units, the property delivers immediate income potential with the added benefit of long-term appreciation. Recent renovations enhance the building’s appeal and reduce near-term capital expenditure requirements, while the HU-MU zoning supports continued multi-family use. Located in Flood Zone X (X500), the property benefits from reduced flood risk compared to much of the city, further strengthening its investment profile.
This offering is well-suited for investors seeking stabilized multi-family income in an established neighborhood with strong rental demand and proximity to the city’s cultural and economic core.
Configured as seven individual apartment units, the property delivers immediate income potential with the added benefit of long-term appreciation. Recent renovations enhance the building’s appeal and reduce near-term capital expenditure requirements, while the HU-MU zoning supports continued multi-family use. Located in Flood Zone X (X500), the property benefits from reduced flood risk compared to much of the city, further strengthening its investment profile.
This offering is well-suited for investors seeking stabilized multi-family income in an established neighborhood with strong rental demand and proximity to the city’s cultural and economic core.
Property Facts
| Price | $699,000 | Building Class | B |
| Price Per Unit | $99,857 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | HU-MU | ||
| Price | $699,000 |
| Price Per Unit | $99,857 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | HU-MU |
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Numbers | Improvements Assessment | $21,860 | |
| Land Assessment | $6,690 | Total Assessment | $28,550 |
Property Taxes
Parcel Numbers
Land Assessment
$6,690
Improvements Assessment
$21,860
Total Assessment
$28,550
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Company Not Provided
2601-2603 3rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.