1328 ESPLANADE Avenue New Orleans, LA 70116
Other
MLS #: 2511180
Courtesy Of Keller Williams Realty 455-0100
Property InformationDescription
Investor Opportunity Income, Flexibility, and Historic Charm <br><br>
1328 Esplanade Avenue offers a rare combination of income potential, location, and owner-occupant flexibility in one of New Orleans most desirable historic corridors just three blocks from the French Quarter. This meticulously maintained 5-plex features five 1-bedroom, 1-bath units, each with private entries and outdoor spaces. The current layout supports multiple configurations, including a high-performing short-term rental strategy. <br><br>
In one of the most lucrative setups, the two upper units can be combined into a licensed luxury 2-bedroom Airbnb projecting annual STR revenue of approximately $65,000 while the remaining three units generate street rents of up to $2,000/month. The fifth unit offers an ideal owner-occupied residence or pied-à-terre, allowing the buyer to live on-site while enjoying an estimated $10,700/month in gross income. <br><br>
Additional highlights:
Fully licensed Airbnb unit with Superhost status and 5-star reviews
Sewer line replaced in 2020 from back cottage to street
Five separate electric and gas meters
Shared laundry facility with 3 washers & dryers
One off-street parking spot
Zoned HMR-2 | Flood Zone X
Whether you're seeking a hybrid live/rent setup or a high-yield, diversified investment, this income-producing property offers immediate returns and long-term upside in a prime location.
1328 Esplanade Avenue offers a rare combination of income potential, location, and owner-occupant flexibility in one of New Orleans most desirable historic corridors just three blocks from the French Quarter. This meticulously maintained 5-plex features five 1-bedroom, 1-bath units, each with private entries and outdoor spaces. The current layout supports multiple configurations, including a high-performing short-term rental strategy. <br><br>
In one of the most lucrative setups, the two upper units can be combined into a licensed luxury 2-bedroom Airbnb projecting annual STR revenue of approximately $65,000 while the remaining three units generate street rents of up to $2,000/month. The fifth unit offers an ideal owner-occupied residence or pied-à-terre, allowing the buyer to live on-site while enjoying an estimated $10,700/month in gross income. <br><br>
Additional highlights:
Fully licensed Airbnb unit with Superhost status and 5-star reviews
Sewer line replaced in 2020 from back cottage to street
Five separate electric and gas meters
Shared laundry facility with 3 washers & dryers
One off-street parking spot
Zoned HMR-2 | Flood Zone X
Whether you're seeking a hybrid live/rent setup or a high-yield, diversified investment, this income-producing property offers immediate returns and long-term upside in a prime location.
Features
- Architecture Style: Other
- Exterior Type: Wood Siding
- Floors: 2
- Legal Description: SQ 172 173 LOT A ESPLANADE 32X160
- MLSID: 2511180
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