1431 Baronne StNew Orleans, LA 70113

Property Details for 1431 Baronne St

Year built

1900

Lot size

0.09 AC

Property size (Sq ft)

8,256 SF

Property type

Investment properties

Property subtype

Live-work space

APN

101108016

APU

101108016

Description

This exceptional mixed-use portfolio comprises three buildings totaling 20,488 square feet on three parcels in the desirable Baronne Street corridor of New Orleans, Louisiana. The property features 18 residential units (94% occupancy) and two commercial units, offering a strong current NOI of $239,945 and a pro-forma NOI of $298,745, translating to a 6.15% cap rate and a pro-forma cap rate of 7.66%. Built in 1900, this Class B property sits on a 13,734 square foot lot and is zoned MU-2, allowing for diverse uses. The portfolio includes a mix of unit types, including month-to-month leases, providing immediate value-add potential through renovations and rent increases. The buildings consist of two stories across three structures, offering a blend of residential and commercial spaces. One commercial unit is currently vacant, presenting an opportunity for further income generation. The strategic location at the intersection of Baronne Street and MLK Blvd provides high visibility and accessibility. This fee-simple ownership opportunity presents a compelling investment with significant upside potential. Detailed financial information and additional photos are available upon request. The asking price is $3,900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,309,249

  6.5%

  $1,208,537

  7%

  $1,122,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $629,775

  Geo Method

  $586,919

• Alternative Use

  Use

  Valuation

  Residential

  $1,498,586

  Hospitality

  $1,372,697

  Educational

  $1,142,068

  Medical

  $1,181,345

  Retail

  $1,776,550

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9407

Longitude

-90.0781

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].