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Property profile & analytics
OFF-MARKET
Investment properties

2623 Washington Ave New Orleans, LA 70113-2659

2,862 SF 0.08 ac lot Built 1940
Individually Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US36-0777005
Property summary
AI-generated overview

This exceptional three-unit mixed-use property at 2623 Washington Ave, New Orleans, LA 70113, is offered at $420,000. The 2,862 square foot building sits on a 0.08-acre lot and features one ground-floor retail space and two residential units, each boasting two bedrooms and one bathroom. Currently vacant, this presents a significant value-add opportunity with substantial income potential. The property's prime location is just three blocks from the bustling S. Claiborne Avenue corridor, home to numerous national retailers including Raising Cane's, McDonald's, TJ Maxx, and more, ensuring high visibility and foot traffic. Convenient access to I-10 and the Central Business District within 10-15 minutes adds to its appeal. The property also benefits from a large fenced rear yard and ample on-street parking. The permitted zoning is HU-MU, offering flexibility for future development. The property's APN is 412303411. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving New Orleans neighborhood. The building is a two-story structure, offering a unique blend of retail and residential space. Don't miss this chance to capitalize on the strong rental market and create a lucrative investment portfolio.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 2,862 SF
Lot 0.08 ac (3,564 SF)
APN 412303411
UPID US36-0777005
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Barber's Beauty Gossip Barber Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
DANIELS MARY M
DANIELS MARY M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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