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    309 Octavia St New Orleans, LA 70115

    For Sale
    Contact for pricing

    16 Renovated Properties, Owner Financing

    Property size:
    1,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a portfolio of sixteen meticulously renovated properties in New Orleans, Louisiana. Located at 309 Octavia St and surrounding areas within Orleans Parish, zip code 70115, this diverse collection comprises a mix of single-family homes and multi-family units, totaling seventeen units in fifteen buildings. The properties boast a combined square footage ranging from 1,900 to 5,500 square feet. Many units are furnished and some include active short-term rental licenses, offering immediate income potential. Recent construction or renovation ensures modern amenities and high-quality finishes. The portfolio's strategic location in desirable New Orleans neighborhoods positions it for strong rental demand and long-term appreciation. This is a unique chance to acquire a substantial real estate portfolio, with owner financing options available for flexible purchasing arrangements. Individual property prices range from $450,000 to $1,300,000, allowing for acquisition of individual properties, smaller packages, or the entire portfolio. This presents a compelling opportunity for investors seeking immediate cash flow and significant long-term growth in a vibrant market. The properties are classified as mixed-use, catering to a variety of investment strategies. This turnkey portfolio is ready for immediate income generation and offers a rare chance to establish a strong foothold in the New Orleans real estate market.

    Property Features for 309 Octavia St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,900 SF

    Building Details

    Buildings
    15
    Units
    17

    HighLights

    • Mixed‑use portfolio of 16 properties in New Orleans, LA.
    • 17 total units across 15 buildings.
    • Individual property sizes range from 1,900 to 5,500 square feet.
    • Recently built properties, currently for sale by owner.
    • Owner financing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -90.1169037
    Latitude
    29.9167352

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    FAQs

    What type of property is this?
    Multifamily property - 16 Renovated Properties, Owner Financing
    Where is this multifamily property located?
    The property is located at 309 Octavia St New Orleans, LA.
    What are key features of this property?
    This property features: Mixed-use portfolio of 16 properties in New Orleans, LA.; 17 total units across 15 buildings.; Individual property sizes range from 1,900 to 5,500 square feet.
    (504) 525-9763
    Request Owner's contact information
    309 Octavia St New Orleans, LA 70115
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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
    309 Octavia St New Orleans, LA 70115
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