REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed byBridgewater Realty Advisors • Bryce A Danna-Marullo • 504-901-0463
$ 6,765,000
Est. payment | /mo
20,010 SqFt
$ 6,765,000
Est. payment | /mo
20,010 SqFt
Key Details
Property Type Other Types
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 20,010 sqft
Price per Sqft $338
MLS Listing ID 2524309
HOA Y/N No
Year Built 1850
Lot Dimensions VAR
Property Sub-Type Commercial
Source ROAM MLS
Land Area 20010
Property Description
Actual gross rent of $44,550 per month. 20 of 22 units leased, reach out to agent for rent roll and financials. Seller financing available. This (6) building, 22-unit portfolio offers a rare, generational opportunity to acquire a strategically located mix of commercial, multifamily, and residential assets in the heart of the French Quarter—one of the most supply-constrained and historically stable submarkets in the region. The portfolio includes a majority of residential apartments complemented by ground floor commercial spaces, with several properties on the National Historic Registry. Seller financing available, 30 yr AM, 5-7 yr balloon, min. 20% down, rate negotiable. The properties showcase extensive recent capital improvements while preserving their historic charm. 525 Conti features brand-new roof, 1524 St. Mary St has new gutters, 307 Exchange has a new elevator, and 522-24 Burgundy St includes an award-winning renovation. Additional highlights include new renovations for most units and the courtyard interior at 307 Exchange —where Edgar Degas painted and where a commemorative plaque remains on the exterior.All assets occupy prime locations within historically protected districts that benefit from year-round foot traffic and limited new construction. These properties have consistently attracted successful commercial tenants and long-term residential tenants, ensuring stable occupancy and proven demand. Historic architecture combined with modernized systems and recent renovations supports ongoing operational viability and long-term appreciation making this portfolio a once in a lifetime opportunity.
Location
State LA
County Orleans
Interior
Cooling Central Air
Fireplace No
Exterior
Utilities Available Natural Gas Available
Roof Type Flat, Shingle
Garage No
Building
Lot Description Other
Water Public
New Construction No
Others
Tax ID MULT
Virtual Tour https://www.propertypanorama.com/instaview/roam/2524309
GET MORE INFORMATION