1039 Marais St

New Orleans LA 70116

4460 sq. ft.

0.08 ac.

Apartment

Currently for sale - view listing

Overview

1039 Marais Street presents a rare opportunity to acquire a historic six-unit multifamily property in the heart of New Orleans’ Tremé neighborhood. Originally built in 1919 and renovated in 2019, the property contains approximately 4,460 gross square feet and sits on a 30' x 112' corner lot within the New Orleans Historic District Landmarks Commission Tremé district. The unit mix includes three two-bedroom units and three one-bedroom units, combining historic New Orleans character with an exceptional location just steps from the French Quarter and some of the city’s most iconic cultural destinations. In-place rents provide an opportunity for future upside through lease-up and rental growth. With strong existing cash flow, a desirable boutique scale, and meaningful value-add potential, 1039 Marais Street offers investors a compelling opportunity to own a historic multifamily asset in one of New Orleans’ most distinctive neighborhoods. All information herein is deemed reliable but not guaranteed. Buyer and buyers agents must independently verify all information prior to closing.