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Historic New Orleans Multi-Unit Property

2125-27 Simon Bolivar Avenue New Orleans, LA 70113

2125-27 Simon Bolivar Avenue, New Orleans, LA, 70113
$785,000
For Sale
$785,000

Charming 9-bedroom property ideal for rental income or multi-generational living.

Property Size3,023 SF
Price / SF$259.68
Days on Market302

Property Features for 2125-27 Simon Bolivar Avenue

General Information

Standard status
Active
Size
3,023 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse

Building Details

Year Built
1945
Listing Agency Broussard Realty Pros
Listed by Amanda Broussard · License #995702790
Source Compass
Added: Sep 19, 2025 Checked: Jul 17 at 5:43 am

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 Broussard Realty Pros


Investment Insights

Based on property information with market context.

Located at 2125-2127 Simon Bolivar Avenue, this historic double plus rear unit in New Orleans offers a total of 9 bedrooms and 5 full baths. Previously a successful Airbnb, the property is suitable for multi-generational living, rental income, or continued short-term rental use. The property features a bright pink facade, wrought-iron railings, and a front porch. Interior details include soaring ceilings, original wood floors, pocket doors, antique chandeliers, European artwork, and vintage furniture. The property includes elegant parlors with decorative fireplaces, kitchens, and gathering areas. Situated near a bus line and six blocks from the streetcar, the location provides access to Mardi Gras parades, local eateries, and neighborhood cafes. A bonus lot offers off-street parking or potential expansion options. The property size is 3023 square feet and is located in Flood Zone X.

Key Highlights

  • 9 bedrooms and 5 full baths offer multi‑generational living, rental income, or short‑term rental potential.
  • Prime location near bus line and six blocks from the streetcar, providing easy access to Mardi Gras parades, local eateries, and neighborhood cafes.
  • Bonus lot provides valuable off‑street parking or potential expansion options.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $70.4k $23.28
− Vacancy −$6.4k −$2.12
EGI $64.0k $21.16
− OpEx −$28.8k −$9.52
NOI $35.2k $11.64
3,023 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$502.6K
$439.8K – $586.4K (±1% cap)
NOI $35,184 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$768.3K
$672.3K – $896.4K (±1% cap)
NOI $53,784 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Locksmith (Bike/Boat/Book/etc) Store Dental Office (Bike/Boat/Book/etc) Store Home Appliance Store (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Short term rental property - Charming 9-bedroom property ideal for rental income or multi-generational living.
Where is this short term rental property located?
The property is located at 2125-27 Simon Bolivar Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 9 bedrooms and 5 full baths offer multi‑generational living, rental income, or short‑term rental potential.; Prime location near bus line and six blocks from the streetcar, providing easy access to Mardi Gras parades, local eateries, and neighborhood cafes.; Bonus lot provides valuable off‑street parking or potential expansion options.
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