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Renovated Two-Bedroom Multifamily Property
New
For Sale
$434,900

940 Congress St, New Orleans, LA 70117

Renovated interiors include modern finishes, in-unit laundry, and private outdoor space.

Property Size1,040 SF
Price / SF$418.17
Days on Market3

Property Features for 940 Congress St

General Information

Standard status Active
Size 1,040 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Amenities

in-unit laundry
Ring doorbell

Building Details

Year Built 1922
Year Renovated 2022
Buildings 1
Listing Agency: Luxe Realty Brokerage Corporation
Listed By: April Brown · License #995705288
Source: Hospitalityrealty
Added: Sep 12 Changed: Sep 13 Last Checked: Sep 13 at 8:11AM

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 Luxe Realty Brokerage Corporation

Investment Insights

Based on property information with market context.

This 1,040-square-foot multifamily property was built in 1922 and renovated in 2022. The two-bedroom, two-bathroom layout features high ceilings, wood flooring, marble countertops, stainless steel appliances, a built-in wine rack, and in-unit laundry. Electrical, HVAC, and plumbing systems were updated during the renovation. The corner-lot property also includes a large private backyard, off-street parking, and a Ring doorbell.

Located in New Orleans’ Bywater neighborhood, the property is near historic architecture, outdoor dining, wine bars, Crescent Park, river views, and the Rusty Rainbow pedestrian bridge. The home has a documented rental history and includes finishes suited to either an owner-occupant or income-producing use. Select artwork may be negotiated separately.

Key Highlights

  • 1,040 SF multifamily property built in 1922
  • Renovated in 2022 with updated electrical, HVAC, and plumbing
  • Two bedrooms and two bathrooms with high ceilings and wood flooring

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Skin Care Clinic Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Accounting Firm

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

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,124
Businesses Nearby

Demographics for 70117, LA

28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Renovated interiors include modern finishes, in-unit laundry, and private outdoor space.
Where is this multifamily property located?
The property is located at 940 Congress St New Orleans, LA.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: 1,040 SF multifamily property built in 1922; Renovated in 2022 with updated electrical, HVAC, and plumbing; Two bedrooms and two bathrooms with high ceilings and wood flooring
More about this property
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