1422 Felicity St New Orleans, LA 70130
- Commercial real estate
- 4,890 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1422 Felicity St
- Year built
- 1873
- Property size
- 4,890 SF
- Property type
- Commercial real estate
Description
This exquisite three-story, 4,890 square foot fourplex presents a compelling investment opportunity in New Orleans' coveted Lower Garden District. Built in 1873 and thoughtfully updated, this property seamlessly blends historic elegance with modern amenities. Each of the four units boasts original architectural details, high ceilings, hardwood floors, exposed brick, and intricate moldings, complemented by updated appliances and in-unit washer/dryers. Residents enjoy a shared backyard and abundant natural light. Located on Felicity Street, this property offers unparalleled access to Magazine Street's vibrant shops and restaurants, the iconic St. Charles Avenue streetcar, the Central Business District, Uptown, and I-10. The 100% occupancy rate reflects the consistent high demand for rental properties in this highly desirable neighborhood. The 4,046 square foot lot provides ample space, while the building's three stories maximize rental potential. This fully tenanted property offers a strong return on investment, situated near Mardi Gras routes and within easy reach of numerous amenities. The asking price is $785,000, with a price per unit of $196,250 and a price per square foot of $160.53.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.0759989
- Latitude
- 29.9345114
