1454 Roman StNew Orleans, LA 70116

Property Details for 1454 Roman St

Year built

1920

Property size (Sq ft)

1,647 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9717

Longitude

-90.0692

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