For Sale
$129,000

1454 Roman St New Orleans, LA 70116

Historic New Orleans duplex, needs restoration.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This 1,647 square foot duplex located at 1454 N Roman St, New Orleans, LA 70116, presents a compelling redevelopment opportunity. Built in 1920, this one-story, single-building property sits on a 3,100 square foot lot and is offered for sale at $129,000 ($78.32/sq ft and $64,500/unit). The property consists of two units, each with two bedrooms, one bathroom, a living area, and a kitchen. One unit is partially demolished, while the other is currently occupied by a tenant. This property is ideally suited for investors seeking a project that qualifies for Historic Tax Credits, significantly reducing the cost of restoration. The location within the vibrant Tremé neighborhood offers strong potential for rental income following renovations. The property's historic character and prime location in a sought-after area of New Orleans combine to create a unique investment opportunity. This is a chance to restore a piece of New Orleans history while capitalizing on the benefits of historic tax credits. The existing structure provides a solid foundation for a complete renovation, allowing for the creation of updated, desirable rental units.

Highlights

  • Eligible for Historic Tax Credits.
  • Situated in a historic district.

Property Details for 1454 Roman St

Property type
Commercial real estate
Square Feet
1,647 SF
Year Built
1920
Buildings
1
Stories
1
Units
2

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9716727
Longitude
-90.0692032

FAQs

What type of property is this?
Commercial real estate - Historic New Orleans duplex, needs restoration.
Where is the commercial real estate located?
The property is located at 1454 Roman St New Orleans, LA.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Eligible for Historic Tax Credits.; Situated in a historic district.;
How can I contact the broker?
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1454 Roman St
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