309 Octavia StNew Orleans, LA 70115

Property Details for 309 Octavia St

Year built

1920

Construction

WOOD FRAME

Lot size

0.10 AC

Property size (Sq ft)

1,920 SF

Property type

Medical offices

Property subtype

Medical centers

APN

614105003

APU

614105003

Description

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 approach

  CAP return

  Valuation

  6%

  $304,476

  6.5%

  $281,055

  7%

  $260,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,459

  Geo Method

  $136,493

• Alternative Use

  Use

  Valuation

  Residential

  $348,508

  Hospitality

  $319,232

  Educational

  $265,597

  Medical

  $274,731

  Retail

  $413,151

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9167

Longitude

-90.1169

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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