USALANew Orleans2127 Carondelet St
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$1,325,000

For Sale

2 months ago

2127 Carondelet St, New Orleans, LA

House

MLS® 2542887

0 Bed

0 Bath

7511 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 7511 sqft
Garage 
Taxes 
Days Active 69
Lot Size 
Approx. Age 1920
Avg. Price Per Sqft $176
MLS® Number 2542887

Property Address: 2127 Carondelet St, New Orleans, LA, 70130-5860

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2542887
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
Basement
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 13, 2026List Date
$1,325,000List Price
-End Date
Not Sold YetSold Price

For Sale

Feb 4, 2026List Date
$1,325,000List Price
  • Commute

Commute

Starting Address
Destination Address
2127 Carondelet St, New Orleans, LA

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