Multi-Family

1925, 1927 & 1931 Marigny St., New Orleans, LA 70117

Price

$169,000

Seller’s Note

Off-Market Marigny, New Orleans Investment Opportunity!

Overview

Open
For Sale
Property Type

Multi-Family

Bedroom
Bathroom
Garage
Sq. ft
Lot Size
Year Built
Property I.D.
ARVE: ~$279,000

Description

Cross-streets: Elysian Fields Ave & Claiborne Ave

3 PARCELS | 2 HOUSES + 1 LOT

  • 1925 Marigny St – Vacant Lot
  • 1927 Marigny St – 1 Bed / 1 Bath | 868 Sq Ft | Built 1960
  • 1931 Marigny St – 1 Bed / 1 Bath | 1,080 Sq Ft | Built 1930

Rental Potential:

Marigny is a highly desirable rental market situated next to Frenchmen Street, the French Quarter, restaurants, nightlife, parks and the Mississippi River.

Median 1-bedroom rent ~ $1,776/month 

Investor Upside:

  • Two existing rental units, below market rents.  #1927 pays just $850/mo; #1931 not paying rent & can move out.
  • Additional vacant lot for future potential
  • Strong location in the historic Marigny area
  • Walkable to Frenchmen Street, Washington Square Park, Crescent Park, restaurants, music venues and the French Quarter

STR NOTE: New Orleans requires permits for short-term rentals, and regulations are restrictive and subject to change. Buyers should independently verify current eligibility, zoning and permitting.

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