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Property profile & analytics
OFF-MARKET
Medical Office Space

309 Octavia St New Orleans, LA 70115

1,920 SF 0.1 ac lot Built 1920
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US36-0281453
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1920
Construction WOOD FRAME
Total area 1,920 SF
Lot 0.1 ac (4,200 SF)
APN 614105003
UPID US36-0281453
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
3132 Rampart LLC · 4 yrs held
3132 Rampart LLC
since 2022
Last sale
$765,000
1 recorded transaction
2022
$765,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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