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    535 Iberville St New Orleans, LA 70130

    Sponsored
    For Sale
    $6,400,000

    9-unit French Quarter investment opportunity.

    Property size:
    15,282 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 6-story, 15,282 square foot multifamily condo building at 535 Iberville Street in New Orleans' historic French Quarter is offered at $6,400,000. The property consists of nine units: four one-bedroom condos, four two-bedroom condos, and a penthouse. A highly desirable feature is the inclusion of eight dedicated parking spaces, a rare commodity in this location. Currently approximately 90% complete, this presents a unique opportunity for a buyer to finalize construction and capitalize on the potential for significant rental income or resale. Situated on a 0.1-acre lot (APN 206101828), the building is zoned VCC-2. Its prime location places it within easy walking distance of the Riverwalk, Jackson Square, Canal Place shops, Caesars New Orleans Hotel & Casino, House of Blues, Four Seasons Hotel, Sazerac House, The Windsor Court, and numerous other attractions. All measurements are approximate and should be verified by the purchaser. Zoning and intended use are also to be verified by the purchaser. This is a truly rare chance to own a significant piece of New Orleans real estate in a highly sought-after area.

    Property Features for 535 Iberville St

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,282 SF
    Lot Size
    4,356 SF

    Building Details

    Buildings
    1
    Stories
    6
    Units
    9

    HighLights

    • High‑quality construction.
    • Excellent location with high visibility.
    • Ample parking available.
    • Flexible floor plan adaptable to various uses.
    • Strong tenant base with long‑term leases.
    • Significant upside potential for rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

    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
    -90.067026152333
    Latitude
    29.953278890169

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    FAQs

    What type of property is this?
    Multifamily property - 9-unit French Quarter investment opportunity.
    Where is this multifamily property located?
    The property is located at 535 Iberville St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: High-quality construction.; Excellent location with high visibility.; Ample parking available.
    Request Owner's contact information
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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
    535 Iberville St New Orleans, LA 70130
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