703 Carondelet St 28 Unit Apartment Building For Sale New Orleans, LA 70130

Tours Available September 30th & October 1st - By Appointment Only
Moss Bauer (the “Property”) is a 28-unit multifamily property with 2 retail suites, prominently located at 703 Carondelet Street in the vibrant Central Business District (CBD) of New Orleans, Louisiana. Originally built in 1900 with brick construction, the Property underwent a substantial renovation in 2013 that preserved its historic character while upgrading the interiors to modern standards. The Property consists of two distinct buildings: a five-story structure serviced by an elevator and a two-story walk-up. The residential units feature hardwood flooring, in-unit washers and dryers, stainless steel appliances, and modern cabinetry—delivering a high-quality living experience that appeals to urban professionals and long-term renters. Currently 66% occupied, with rents below market comparables the asset presents an immediate lease-up opportunity with minimal capital expenditure required, making it a compelling value-add investment.
Situated within the economic core of New Orleans, Moss Bauer benefits from unmatched proximity to over 15.5 million square feet of Class A and B office space within a half-mile, positioning the asset as a preferred choice for renters seeking walkable access to employment centers. In addition to its employment-driven demand base, the Property is within walking distance of New Orleans’ most iconic destinations, including the Caesars Superdome (0.7 miles), Canal Street (0.5 miles), Bourbon Street (1.0 mile), and U.S. Highway 90 (0.7 miles). The St. Charles streetcar line also passes just one block away, offering direct access to Uptown, the Garden District, and Tulane University (4.0 miles). Additionally, the property is 0.7 miles from the Tulane University Health Science Center, 2.1 miles from LSU Health Center Downtown, and 3.5 miles from Xavier University. This connectivity, combined with a walkable urban setting, positions Moss Bauer at the crossroads of business, entertainment, and culture.