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Active under contract
  • $2,450,000

    837-839 Jackson Ave, New Orleans, LA 70130

    8beds
    --baths
    5,441sqft
    : 
    Quadruplex, Multi Family
    Built in 1860
    -- sqft lot
    $-- Zestimate®
    $450/sqft
    $-- HOA

    What's special

    UNICORN INVESTMENT OPPORTUNITY! This outstanding building has FOUR TRANSFERABLE Commercial short term rental permits. The building underwent a full scale renovation in 2015. Each unit is two bedrooms, 2.5 baths (many are ensuite baths) walk in closets for days. The upper units have soaring ceilings and all units have tons of natural light. Every unit comes fully furnished with professional property management in place, many repeat guests, high star ratings across multiple short term rental platforms- a highly sought after vacation rental accommodation. The units were designed to complement but not compete with each other leading to high booking rates. The building as a whole is permitted to sleep 16 with room to spare, each unit sleeps 4. Steps from Magazine St, the location is outstanding for locals and tourists alike. This building is made for high returns (10% CAP rate), can be short term rented full time, or turn one unit into an owners unit- or both! Imagine having a place to come and go from steps from fabulous restaurants and shopping, and it produces income while you are not using it! Best of both worlds. The building grosses approximately $300,000 a year and growing. STR lender recommendations available upon request. This is a special opportunity for an investor- special building, in a special location that doesn't come along often. Certainly not one to be missed! Links to rental units can be provided upon request. Agent is related to sellers and property management company. Zoned Hu-B1A This one will move quickly, don't sleep on this great investment opportunity.
    108 days
    on Zillow
    |
    166
    |
    10
    |

    Zillow last checked: 7 hours ago

    Listing updated: 11 hours ago

    Listed by:

    Brenna White 504-252-5762,

    LaNasa Realty, Inc 504-336-4050

    Source: GSREIN,MLS#: 2486006MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Full bathrooms: 8
    • 1/2 bathrooms: 4
    Heating
    • Central
    Cooling
    • Central Air
    Interior area
    • Total interior livable area: 5,441 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: None
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 4,033.66 Square Feet
    • Dimensions: 4032
    • Features: 1 to 5 Acres, City Lot
    Details
    • Parcel number: 411107901
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Brick
    • Foundation: Raised
    • Roof: Shingle
    Condition
    • Very Good Condition
    • Year built: 1860

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: New Orleans

    Financial & listing details

    • Price per square foot: $450/sqft
    • Date on market: 2/5/2025
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