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    2224 St Anthony St New Orleans, LA 70119

    Sponsored
    For Sale
    $8,372,000

    56 Units, High Performing, $8.3M

    Property size:
    75,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied portfolio of 28 duplexes, comprising 56 units, strategically located across desirable New Orleans neighborhoods. The portfolio spans 75,840 square feet and is priced at $8,372,000, representing a price per unit of $149,500 and $110.39 per square foot. The properties are situated in prime areas including Gentilly, the Seventh Ward, and St. Roch, encompassing zip codes 70117, 70119, and 70122. Each duplex has been carefully selected for its proven track record of stable rental income and significant growth potential. This presents a substantial investment opportunity for those seeking a strong foothold in the thriving New Orleans rental market. The portfolio's 100% occupancy rate underscores its consistent performance and inherent value. This diverse collection of properties offers a compelling combination of established income and future appreciation potential, making it an attractive proposition for discerning investors. The portfolio's distribution across multiple locations minimizes risk and maximizes diversification within the New Orleans market. This is a rare chance to acquire a high-performing, fully occupied multifamily asset in a dynamic and growing city.

    Property Features for 2224 St Anthony St

    General Information

    Property type
    Multifamily properties
    Square Feet
    75,840 SF

    Building Details

    Buildings
    28
    Units
    56

    HighLights

    • 100% occupied, 56‑unit multifamily portfolio.
    • 56 units across three desirable New Orleans neighborhoods (zip codes 70117, 70119, and 70122).
    • 28 duplexes located in Gentilly, Seventh Ward, and St. Roch.
    • High‑performing portfolio presents a strong investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.062483444348
    Latitude
    29.980008028069

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    FAQs

    What type of property is this?
    Multifamily property - 56 Units, High Performing, $8.3M
    Where is this multifamily property located?
    The property is located at 2224 St Anthony St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $8,372,000.
    What are key features of this property?
    This property features: 100% occupied, 56-unit multifamily portfolio.; 56 units across three desirable New Orleans neighborhoods (zip codes 70117, 70119, and 70122).; 28 duplexes located in Gentilly, Seventh Ward, and St. Roch.
    Request Owner's contact information
    2224 St Anthony St New Orleans, LA 70119
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    New Orleans, LA 70119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2224 St Anthony St New Orleans, LA 70119
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