Stabilized Multifamily Investment
2831 Pauger St, New Orleans, LA 70119
Nine-unit property with income potential near French Quarter.
Type:Multifamily
- Added:
- Mar 6, 2026
- Days on Market:
- 67
- Last Refresh:
- Mar 16 at 2:17 pm
Property Features for 2831 Pauger St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Kemet LLC License #995712463
Listing office The Agency of M. Grass Group
Listing date Mar 6, 2026
Source Crexi
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
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
- Low‑maintenance brick construction on a concrete corner lot
- Mix of long‑term, subsidized, and self‑paying tenants
- Close proximity to St. Aug Private High School, highways, French Quarter, Fairgrounds, and Dillard University
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0611855
- Latitude
- 29.9792271
Nearby Similar for Sale
FAQs
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 $899,000.
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
