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$850,000
Est. payment /mo
3,840 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $221
MLS Listing ID 2572678
HOA Y/N No
Year Built 1981
Lot Size 3,841 Sqft
Acres 0.0882
Property Description
UPTOWN STR GEM | 8 BEDROOMS, CURRENTLY OPERATING LICENSES & $60K+ HISTORIC TAX CREDITS
Rare Uptown investment opportunity with two active STR licenses! Located just blocks from St. Charles Avenue, this spacious duplex offers 8 bedrooms and 4 full baths, with each unit featuring 4 bedrooms and 2 baths. Fully furnished and offered turnkey, with all furnishings included, making it ready for immediate use as short -term rental. Both units are currently operated as short-term rentals with active STR permits and bookings already in place through 2027. The STR licenses are transferable, offering an exceptional opportunity for an investor seeking an established income-producing property.
The property is located in HU-MU zoning, which can accommodate a mix of residential and compatible commercial uses, offering greater flexibility for future use and investment potential. HU-MU encourages residential dwellings as well as compatible retail and personal service uses, subject to applicable zoning requirements.
Each unit offers a distinct feel: the upper unit showcases original wood floors, soaring ceilings, and a unique mural wall that captures the character and charm of New Orleans, while the lower unit features a more modern aesthetic. The bedrooms are exceptionally spacious, providing comfort and flexibility for guests.
Adding even more value, over $60,000 in federal historic tax credits may be assumed, subject to applicable requirements and verification.
The location is hard to beat—within walking distance to the St. Charles Avenue streetcar, providing easy access throughout the city, and just blocks from popular Mardi Gras parade routes. Numerous restaurants, bars, entertainment venues, and neighborhood attractions are nearby, with downtown New Orleans just minutes away.
With active STR operations, future bookings, transferable permits, historic tax credits, generous living spaces, and an unbeatable Uptown location, this property comes with plenty of bonuses and offers an exceptional opportunity to own a piece of the New Orleans experience.
Rare Uptown investment opportunity with two active STR licenses! Located just blocks from St. Charles Avenue, this spacious duplex offers 8 bedrooms and 4 full baths, with each unit featuring 4 bedrooms and 2 baths. Fully furnished and offered turnkey, with all furnishings included, making it ready for immediate use as short -term rental. Both units are currently operated as short-term rentals with active STR permits and bookings already in place through 2027. The STR licenses are transferable, offering an exceptional opportunity for an investor seeking an established income-producing property.
The property is located in HU-MU zoning, which can accommodate a mix of residential and compatible commercial uses, offering greater flexibility for future use and investment potential. HU-MU encourages residential dwellings as well as compatible retail and personal service uses, subject to applicable zoning requirements.
Each unit offers a distinct feel: the upper unit showcases original wood floors, soaring ceilings, and a unique mural wall that captures the character and charm of New Orleans, while the lower unit features a more modern aesthetic. The bedrooms are exceptionally spacious, providing comfort and flexibility for guests.
Adding even more value, over $60,000 in federal historic tax credits may be assumed, subject to applicable requirements and verification.
The location is hard to beat—within walking distance to the St. Charles Avenue streetcar, providing easy access throughout the city, and just blocks from popular Mardi Gras parade routes. Numerous restaurants, bars, entertainment venues, and neighborhood attractions are nearby, with downtown New Orleans just minutes away.
With active STR operations, future bookings, transferable permits, historic tax credits, generous living spaces, and an unbeatable Uptown location, this property comes with plenty of bonuses and offers an exceptional opportunity to own a piece of the New Orleans experience.
Location
State LA
County Orleans
Zoning HU-MU
Interior
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Mixed Use
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 614310109
Acceptable Financing Bond For Deed, Owner May Carry
Listing Terms Bond For Deed, Owner May Carry
Special Listing Condition None
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Kristen Koppel
Real Estate Agent | License ID: 0995687860
Real Estate Agent License ID: 0995687860