New Orleans, LA 70113
MLS# NO2575791
7494 sqft
Property Description
100% occupied at $10,380 per month ($124,560 gross annualized); value add opportunity with minor cosmetic renovations and ability to increase rents. 1734-1736 Second Street, New Orleans (Central City), at the corner of Second and Baronne. Nine-unit multifamily. Two adjoining addresses on a single tax parcel. Approximately +/-7,500 SF of building on an approximately +/-6,000 SF corner lot. All nine units are one bedroom, one bath, averaging approximately +/-1,000 SF. Property is 100% occupied at $10,380 per month ($124,560 gross annualized), plus coin-operated laundry income. Fenced yards, off-street parking, and conforming HU-RM1 zoning. Located about two blocks from Oretha Castle Haley Boulevard. Nearby points of interest include the Southern Food and Beverage Museum, the Ashe Cultural Arts Center, Cafe Reconcile, and Central City BBQ. St. Charles Avenue streetcar, Magazine Street, and the Lower Garden District are nearby. The Central Business District, the Superdome, and the downtown medical corridor are also nearby. Utility costs to ownership are limited; major operating expenses include insurance and taxes. At identical unit sizes, the five units at 1736 currently rent approximately +/-6% higher than the four units at 1734. All information is deemed reliable but not guaranteed; buyer and buyer's agent to verify.
Offering Memorandum Last Updated: September - 09 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
GUIDRY & CO. REAL ESTATE, Lafayette, LA. All offices are independently owned and operated. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana; MLS Real Estate listings held by brokerage firms other than GUIDRY & CO. REAL ESTATE are marked with the MLS approved icon for
IDX
. “Information Deemed Reliable But Not Guaranteed”. Copyright 2016 REALTOR® Association of Acadiana, All rights reserved.
Licensed & Regulated in the jurisdiction of the Louisiana Real Estate Commission, Members of the National Association of Realtors®, Louisiana Realtors®, Realtor® Association of Acadiana, Multiple Listing Service (MLS), Louisiana Commercial (www.lacdb.com), The Realtor® Commercial Alliance, Equal Housing Opportunity.