927 Toulouse StNew Orleans, LA 70112

Property Details for 927 Toulouse St

Year built

1880

Construction

BRICK

Lot size

0.15 AC

Property size (Sq ft)

8,033 SF

Property type

Apartment buildings

APN

207103316

APU

207103316

Description

This exceptional investment opportunity presents a beautifully renovated, seven-unit apartment building nestled in the heart of New Orleans' historic French Quarter. Located at 927 Toulouse Street, this property boasts 8,500 square feet on a 5,120 square foot lot and is zoned VCR-1 (Vieux Carre Residential District). The building, constructed in 1825 and completely renovated in 2012, features four apartments in the main house and three in a rear dependency, offering a blend of historic charm and modern amenities. Each unit benefits from independent meters, ensuring efficient utility management. Residents enjoy hardwood floors, updated electrical and plumbing systems, central HVAC units, and the convenience of five interior parking spaces. The property also includes attractive exterior features such as second and third-floor balconies overlooking Toulouse Street and a tranquil outdoor pond. The building's strong rental income stream, with a price per unit of $260,714.29, makes it an attractive investment. The property's zoning allows for potential condo conversion or even conversion to a single-family residence, presenting further investment flexibility. This is a rare chance to acquire a meticulously maintained multifamily property in one of the most desirable locations in New Orleans. The asking price is $1,825,000, with a price per square foot of $214.71. The four-story building offers a unique blend of history, modern convenience, and significant income potential.

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.959

Longitude

-90.0676

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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