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2232 Esplanade Avenue

New Orleans LA 70119

2
2
3
8925 sq. ft.
Single-Family
Currently for sale - view listing

Overview

DOUBLE LOT! NEEDS COMPLETE REMODEL! CAN BE ALSO REDEVELOPED AS A SINGLE FAMILY HOME! Positioned along the iconic Esplanade Avenue corridor, 2232 Esplanade Avenue presents a rare opportunity to acquire a historic multi-family redevelopment in one of New Orleans’ most desirable neighborhoods. The property consists of five residential units with separately metered utilities, offering flexibility in future leasing and operations. Rich in architectural character and located within a historic district, the asset is ideally suited for a comprehensive restoration that can capitalize on available state and federal historic tax credit programs. In addition to the existing improvements, the offering includes an adjacent lot that provides the ability to construct up to two additional units—further enhancing the property’s income potential and long-term upside. Situated just minutes from the French Quarter, Bayou St. John, and City Park, the location benefits from strong rental demand driven by its walkability, charm, and proximity to key cultural and recreational amenities. 2232 Esplanade Avenue represents a compelling value-add opportunity for investors and developers seeking to execute a transformative project in a premier New Orleans submarket.

Features

2 bedrooms
2 bathrooms
3 carspaces
8925 sq. ft. floor area
Single-Family

Happy sellers in New Orleans

67%
67% of sellers in New Orleans reported that their sale price either exceeded or met their price expectations.

New Orleans stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 20 reviews in New Orleans over the last 12 months.

Local market activity for 2 bedroom single-family properties in New Orleans

In the last 12 months, 52 two-bedroom single-family properties similar to 2232 Esplanade Avenue, have been sold.

This represents a 33% decrease in two-bedroom single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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