Stabilized Multifamily Investment
For Sale
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2831 Pauger St, New Orleans, LA 70119
Nine-unit property with income potential near French Quarter.
Property SizeContact for details
Days on Market169
Property Features for 2831 Pauger St
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Zoning
Commercial Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$99,700
Building Details
Units
9
Listing Agency:
The Agency of M. Grass Group
Listed By:
Kemet LLC · License #995712463
Source:
Crexi
Added: Mar 6
Changed: Aug 22
Last Checked: Aug 21 at 5:44AM
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 The Agency of M. Grass Group
Investment Insights
Based on property information with market context.
This stabilized nine-unit property presents an opportunity to increase returns and value through rent appreciation and minor upgrades. The property features a durable brick construction on a concrete corner lot, requiring minimal maintenance. It comprises four duplexes and one single-family home, situated side-by-side. The tenant mix includes long-term residents, with some leases subsidized and others self-paying. The property's location offers proximity to St. Augustine High School, major highways, the French Quarter, the Fairgrounds, and Dillard University. The gross annual income is $121,000 per year. Owner financing is offered with terms including 12.5% down payment and a bond for deed financing with a balloon payment in 24 months; some terms are negotiable, but the 24-month balloon payment is not.
Key Highlights
- Owner financing offered with 12.5% down (Bond for Deed Financing)
- Stabilized 9‑unit property with $121,000 gross annual income
- Opportunity to increase returns through rent appreciation and low‑cost upgrades
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit property with income potential near French Quarter.
Where is this apartment building located?
The property is located at 2831 Pauger St New Orleans, LA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Owner financing offered with 12.5% down (Bond for Deed Financing); Stabilized 9‑unit property with **$121,000 gross annual income**; Opportunity to increase returns through rent appreciation and low‑cost upgrades
