Address: 1432 Independence Street, New Orleans, LA 70117
1432 Independence Street presents a rare multi-family investment opportunity in the Bywater submarket of New Orleans, featuring 32 townhouse-style units across 28,000 SF on a 1.26-acre site – nearly an entire city block. Built in the 1950s and updated in the 1990s, the property is currently 100% occupied and offers spacious layouts averaging 875 SF with average rents of $964 per unit ($1.10/SF). The community is comprised of eight two-story buildings with four units each, complemented by 36 gated parking spaces and ample on-street parking, controlled access, and on-site laundry facilities. Units benefit from central air conditioning, gable roofs with warranties, and individually metered electricity with central water service. With stable tenancy, walkable neighborhood amenities, and strong rental demand, 1432 Independence Street provides dependable cash flow and long-term value in a highly sought-after urban corridor.
List Price: $2,190,000 |$ 68,437 Per Unit | $ 78 Sq/Ft
GBA: +/- 28,000 Sq/Ft
# of Units: 32
Size Size: +/- 55,121 Sq/Ft or 1.27 acres
Zoning: HU-RM1
For further listing details please contact Troy Hagstette 504-251-5719 or Parke McEnery 504-236-9542
