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Multifamily Property with Yard
For Sale
$225,000

1216 18 Simon Bolivar Ave, New Orleans, LA 70113

New Orleans multifamily property with a bright living area, updated roofing, and outdoor space for residents or guests.

Property Size2,100 SF
Price / SF$107.14
Days on Market18

Property Features for 1216 18 Simon Bolivar Ave

General Information

Standard status Active
Size 2,100 SF
Property subtype Multi-Family

Building Details

Year Built 1943
Listing Agency: Boyd Realtors, LLC
Listed By: Kristen Young-Boyd
Source: Fiorellaavenue
Added: Aug 16 Changed: Aug 31 Last Checked: Aug 31 at 7:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boyd Realtors, LLC

Investment Insights

Based on property information with market context.

This New Orleans multifamily property offers 2,100 square feet of interior space within a structure built in 1943. The residence includes a generously sized living room with abundant daylight, a kitchen with substantial cabinet storage, and a yard suitable for outdoor gatherings or recreation. A roof replacement completed in 2022 adds a recent improvement to the property.

The property is positioned near restaurants, shopping, schools, downtown, and Mardi Gras-related activity. Its layout and existing features support consideration for either long-term or short-term rental use, as stated in the property information.

Key Highlights

  • 2,100 square feet of property space
  • Roof completed in 2022
  • Large living room with abundant natural light

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Home Appliance Store Locksmith Butcher (Bike/Boat/Book/etc) Store Tanning Salon Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,154
Businesses Nearby

Demographics for 70113, LA

8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - New Orleans multifamily property with a bright living area, updated roofing, and outdoor space for residents or guests.
Where is this multifamily property located?
The property is located at 1216 18 Simon Bolivar Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,100 square feet of property space; Roof completed in 2022; Large living room with abundant natural light
More about this property
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