309 Octavia St, New Orleans, LA 70115
- Medical Office Space
- 1,920 SF
- 0.10 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 309 Octavia St
- Year built
- 1920
- Construction
- WOOD FRAME
- Lot size
- 0.10 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 614105003
- APU
- 614105003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 15, 2022 | $765,000 | 3132 Rampart LLC | Gcp 2003 Trust No 1b | Deed | $616k · Resource Bank |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.1169
- Latitude
- 29.9167
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
