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Restored Apartment Building with Courtyard
For Sale
$2,350,000

622 Esplanade Ave, New Orleans, LA 70116

Historic property includes five separately metered studios, gated off-street parking, and extensive period detailing.

Property Size5,587 SF
Price / SF$420.62
Days on Market38

Property Features for 622 Esplanade Ave

General Information

Standard status Active
Size 5,587 SF
Total Parking Spaces 1
Property subtype Multifamily
Zoning VCR-2

Additional Details

Multifamily Units 6

Amenities

grand entryway
double parlor living & dining room
chef's kitchen
mantles
pocket doors
floor to ceiling windows
wraparound balcony
spa-like bathroom with heated marble floors
six-person sauna
courtyard with fountain
cabana with chef's kitchen and half bath
off-street parking with automatic gate
Power
Water
Sewer
Natural Gas
1 Parking Spaces

Building Details

Year Built 1892
Listing Agency: Ricci Real Estate
Listed By: Shelley Lawrence · License #000028441
Source: Lacdb.resimplifi
Added: Jul 25 Changed: Aug 28 Last Checked: Aug 31 at 1:45PM

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 Ricci Real Estate

Investment Insights

Based on property information with market context.

Built in 1892 and comprehensively restored, this apartment property combines historic architectural details with updated luxury features. The main residence includes formal living and dining areas, a chef’s kitchen, multiple bedrooms with private baths, a wraparound balcony, heated marble bathroom floors, and a third-floor recreation room with a six-person sauna. Original-style elements include mantels, pocket doors, detailed plaster ceilings, chandeliers, period hardware, and tall windows.

A courtyard service wing contains five independently metered studio apartments, each with a full bathroom. The courtyard also includes a cabana with a second chef’s kitchen and half bath, along with a fountain. Secure off-street parking is accessed through an automatic gate. The property is located at 622 Esplanade Ave in New Orleans and carries VCR-2 zoning.

Key Highlights

  • Five independently metered studios, each with a full bath
  • 1892 construction with comprehensive restoration
  • Main residence includes multiple en‑suite bedrooms and a wraparound balcony

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Kitchen & Bath Showroom Daycare Center (Bike/Boat/Book/etc) Store HVAC Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

3,585
Businesses Nearby

Demographics for 70116, LA

10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic property includes five separately metered studios, gated off-street parking, and extensive period detailing.
Where is this apartment building located?
The property is located at 622 Esplanade Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Five independently metered studios, each with a full bath; 1892 construction with comprehensive restoration; Main residence includes multiple en‑suite bedrooms and a wraparound balcony
More about this property
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