7836 St Charles Ave New Orleans, LA 70118
- Apartment buildings
- 7,615 SF
- 0.15 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 7836 St Charles Ave
- Year built
- 1924
- Lot size
- 0.15 lot acres
- Property size
- 7,615 SF
- Property type
- Apartment buildings
Description
This exceptional 4-unit apartment building, located at 7836 St. Charles Avenue in New Orleans, Louisiana, presents a compelling investment opportunity. Built in 1924, this two-story structure boasts 7,615 square feet on a 0.15-acre lot (APN 716104006). Currently operating at 100% occupancy, the property features spacious units with central air and heat, hardwood floors, abundant natural light, and generously sized living areas and bedrooms. Each unit benefits from separately metered utilities. The building includes convenient amenities such as off-street parking and on-site laundry facilities, further enhancing its appeal. The property's metal roof ensures long-term durability. Current rental rates are below market value, presenting a significant opportunity for increased revenue. Situated in the highly desirable Uptown New Orleans submarket, this property benefits from its proximity to Audubon Park and Tulane and Loyola Universities, contributing to strong rental demand. The area is known for its blend of residential, commercial, and cultural attractions, including charming streets, historic homes, and vibrant commercial corridors. Convenient access to public transportation, including the St. Charles Avenue streetcar, adds to the property's desirability. The asking price is $2,000,000, translating to $262.64 per square foot. The property is zoned HU-RD2. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a prime Uptown New Orleans location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.1327
- Latitude
- 29.9415
