For Sale
$1,500,000

2108 Broadway St New Orleans, LA 70118

9-Unit Value-Add Apartment Building

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A, 9-unit apartment building presents a compelling value-add investment opportunity in New Orleans' desirable University neighborhood. Located at 2108 Broadway Street, this three-story building boasts 6,659 square feet of net rentable space on a 6,840 square foot lot, zoned HU-RD1. The property's prime location offers convenient proximity to Tulane and Loyola Universities, St. Charles Avenue, and a vibrant array of retail and dining establishments. Currently generating a robust income stream, the building features updated kitchens and bathrooms, modern HVAC systems, and select units with hardwood floors, high ceilings, and private balconies, catering to a diverse tenant base of students and young professionals. Off-street parking is available. The building's classic architectural style is meticulously maintained, blending historic charm with contemporary upgrades. This property's strong tenant demand and potential for rent growth make it an ideal investment for those seeking steady returns in a high-demand market. The asking price is $1,500,000. This is a rare opportunity to acquire a well-positioned multifamily asset with significant upside potential.

Highlights

  • $1,500,000 asking price for a value-add opportunity.
  • Nine-unit, Class A apartment building in New Orleans, LA.
  • 6,659 square feet on a 6,840 square foot lot.
  • Three-story building with off-street parking.
  • Located in the University neighborhood, near Tulane and Loyola Universities.

Property Details for 2108 Broadway St

Property type
Apartment buildings
Square Feet
6,659 SF
Class
A
Buildings
1
Stories
3
Units
9

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9497936
Longitude
-90.1173399

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FAQs

What type of property is this?
Apartment building - 9-Unit Value-Add Apartment Building
Where is the apartment building located?
The property is located at 2108 Broadway St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price for a value-add opportunity.; Nine-unit, Class A apartment building in New Orleans, LA.; 6,659 square feet on a 6,840 square foot lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Scott Weston
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Broadway St
New Orleans, LA 70118

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Broadway St
New Orleans, LA 70118

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2108 Broadway St
  • Scott Weston
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