Address: 2825 Amelia St, New Orleans, LA 70115 | 1601 Lesseps St, New Orleans, LA 70117

Discover a unique investment opportunity in vibrant New Orleans, encompassing two thriving multi-family properties. The first, located at 1601 Lesseps Avenue, consists of two well-maintained buildings with a total of eight fully occupied apartments. Offering the convenience of eight individual off-street parking spaces for tenants, these stabilized properties ensure in-place cash flow. Strategically situated near bustling neighborhoods, renowned retailers, schools, and workplaces, they promise stability and potential rent appreciation.

The second property, situated at 2825 Amelia Street, presents a 100% occupied ten-unit multi-family asset. This well-maintained building houses ten fully occupied apartments and provides approximately ten off-street parking spaces for tenants. With stabilized, in-place cash flow and a prime location in proximity to surrounding neighborhoods, retailers, schools, and workplaces, this investment opportunity offers both stability and the potential for rent appreciation. Seize the chance to be part of New Orleans’ thriving real estate landscape and secure stable cash flow with the promise of future gains!

List Price: $1,625,000

Capitalization Rate: 10%

NOI: $167,341.00 Per Year

Total Combined GBA: +/- 15,362 SF – 100% Occupancy

Total Combined Site Size: +/- 18,312 SF

Zoning: HU-RM1 (Amelia Street) | HU-B1 (Lesseps Street)

Property Mix: 18 units total:

  • 2825 Amelia Street, New Orleans, LA – Approx. GBA: +/- 8,000 SF

One Building with a total of 10 units

Unit Makeup: (4) 3 bed/1 bath + (4) 2 bed/ 1 bath + (2) 1 bed/ 1 bath

  • 1601-09 Lesseps Street, New Orleans, LA – Approx. GBA: +/- 7,362 SF

Two Buildings with a total of 8 units

Unit Makeup: (8) 2 bed/1 bath

For further listing details please contact Cameron Griffin 504-535-5680

Lesseps & Amelia OM 1.25.24