309 Octavia St New Orleans, LA 70115
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.