2127 CARONDELET Street, New Orleans, LA 70130
$1,325,000
Property Type:
Comm Bldg Sale/Lease
Square Footage:
7,511
Status:
Active
Current Price:
$1,325,000
List Date:
2/13/2026
Last Modified:
2/18/2026
Listing Details MLS# NO2542887
Listing Info
- For Sale
- Yes
- Delayed Marketing
- No
- Listing Price
- 1325000
- List Price/SqFt
- 176.41
- Modification Timestamp
- 2026-02-18T21:30:30Z
- Photo Modified
- 2026-02-13T15:31:35Z
Location Tax Legal Info
- Street Number
- 2127
- Street Name
- CARONDELET Street
- Parish
- Orleans
- State
- LA
- Zip Code
- 70130
- Tax Assessment Number
- per assessor
- Zone
- HU-RM1
- Directions
- Bounding Streets: St Charles Ave & Jackson Ave
General Property Description
- Lot Dimensions
- 6588
- SqFt - Total
- 7511
- SqFt - Source
- Public Record
- Stories
- 3
- Acreage Range
- 0 - 0.5
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 57038082
- Originating System Listing ID
- 2542887
- Originating System Name
- ROAM Matrix
Sale/Lease Info
- Lease Purchase
- No
Remarks & Misc
- Remarks
- Value add multifamily in Excellent location. Estimated Post renovation of $2.4M plus. Located just one block off the iconic St. Charles Avenue and nestled directly behind the renowned Pontchartrain Hotel and Avenue Plaza Hotel, this 14-unit apartment complex presents a rare value add opportunity in a AAA+ location in the heart of New Orleans. Consisting of two separate buildings--one with 12 units and the other with 2 units--the property offers a mix of studios, one-bedroom, and two-bedroom apartments, giving potential tenants a variety of options. With strong area fundamentals, high demand for quality rentals, and exceptional walkability, this is a prime value-add opportunity for an investor to execute either light cosmetic updates or full-scale renovations. Once improved, the property has the potential to generate over $17,000 in monthly rental income. Alternatively, the complex could be repositioned and sold off as individual condominiums, unlocking significant upside. Whether you're seeking steady cash flow or a strategic redevelopment play, this asset sits in one of the most desirable and resilient rental markets in the city.
More Information
Office/Member/Contract Info
- List AOR
- NOMAR
Property Type
- Retail
- Yes
Parking
- None
- Yes
Construction
- Frame
- Yes
- Stucco
- Yes
Financing
- Owner Finance
- Yes
Property Features
Property Type:
Retail
Construction:
Frame; Stucco
Parking:
None
Financing:
Owner Finance
IDX
Listing Office:
Bridgewater Realty Advisors, LLC
Last Updated: February - 18 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.