1818 Paul Morphy St

New Orleans LA 70119

2208 sq. ft.

0.1 ac.

Duplex

Currently for sale - view listing

Overview

Beautifully restored raised cottage just 5 BLOCKS from the entrance to Jazz Fest!! This multifamily property in Prime Fairgrounds location, contains 2 units. Upstairs features two bedrooms & two full bathrooms and the first floor has three bedrooms & two full baths, one bath which was just recently added. Sit and sip on your favorite beverage on the inviting porch as you listen to the sounds of famous musical artists from around the world. The front porch leads to a vibrant open living, dining, & kitchen area with dramatic original recently refinished hardwood floors. The upstairs kitchen boast large windows, granite countertops, stainless steel appliances and lots of storage. Additionally, upstairs has a recently added large back deck that leads to a massive yard; an entertainer's dream! This extra deep back yard(150') with subsurface drainage has endless possibilities. Build your dream pool and pool house or an accessory home with a vegetable garden.
This property is also an outstanding income-generating opportunity for savvy investors or owner-occupiers seeking additional rental revenue. Current owners have short term rental permitting and the property has long term rental history. Downstairs also has the flexibility to become two units and both have separate entrances with private bedrooms. There are also convenient laundry facilities on both floors.
Roof is just a few years old, all electrical updated in 2019, adding peace of mind and reliability. Downstairs kitchenette and bath plumbing were installed in 2021 and a new water heater was just installed. Coveted X Flood Zone. All of this, conveniently located within a few minutes of the Fairgrounds, City Park, Bayou St. John, and the French Quarter!