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Four Well-Maintained Multi-Family Buildings

5228 North Rampart Street New Orleans, LA 70117

5228 North Rampart Street, New Orleans, LA, 70117
$350,000
For Sale
$350,000

Four meticulously cared for multi-family buildings in excellent condition.

Property Size3,080 SF
Price / SF$113.64
Days on Market105

Property Features for 5228 North Rampart Street

General Information

Standard status
Active
Size
3,080 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse

Building Details

Year Built
1960
Listing Agency John Anthony Realty LLC
Listed by Dominique Rouzan · License #995704148
Source Compass
Added: Apr 4 Checked: Jul 17 at 3:30 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 John Anthony Realty LLC


Investment Insights

Based on property information with market context.

An exceptional investment opportunity to own four well-maintained four-plexes being sold together as a package deal. All four buildings are situated on the same plot of land. These solid brick/masonry buildings have been meticulously cared for and are in excellent condition inside and out. The properties feature newer roofs less than five years old and beautifully maintained grounds. The units are spacious and reflect true pride of ownership. Interior features include a combination of beautiful hardwood and ceramic tile flooring throughout the units. All units are uniform in size, offering consistency and ease of management for owner occupants and investors alike. All units are fully occupied with residents, providing immediate rental income from day one. All four buildings are electric, and each unit has its own electric meter and water meter, making property management more efficient, simplistic, and convenient. Included in the sale are all appliances including refrigerators, stoves, built-in microwaves, and dishwashers, making this a true turnkey investment opportunity. While the properties are currently leased below market rent, there is significant upside potential for increased cash flow. Given the outstanding condition of the buildings and the strong rental demand in today's market, investors have the opportunity to substantially increase rental income over time. This is a rare opportunity to own an impressive multi-family portfolio on valuable New Orleans real estate. These properties offer tremendous value and future potential.

Key Highlights

  • Significant investment opportunity: Four well‑maintained four‑plexes on the same plot.
  • All units are fully occupied, providing immediate rental income.
  • Buildings are in excellent condition, inside and out, featuring newer roofs (less than five years old).

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Spa & Massage Center Hair Salon Electrical Service Skin Care Clinic Kitchen & Bath Showroom Bakery Accounting Firm

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

FAQs

What type of property is this?
Apartment building - Four meticulously cared for multi-family buildings in excellent condition.
Where is this apartment building located?
The property is located at 5228 North Rampart Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Significant investment opportunity: Four well‑maintained four‑plexes on the same plot.; All units are fully occupied, providing immediate rental income.; Buildings are in excellent condition, inside and out, featuring newer roofs (less than five years old).
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