Historic New Orleans Multi-Unit
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
(504) 358-9428
Listed by
Amanda Broussard · License #995702790
(504) 358-9428
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
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
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 ...
Similar For Sale Nearby
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.