For Sale
$330,000

3221 Louisiana Avenue PkwyNew Orleans, LA 70125

Uptown 3-unit value-add opportunity.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
113
This bank-owned, three-unit multifamily property located at 3221 Louisiana Ave Pkwy, New Orleans, LA 70125 presents a compelling value-add investment opportunity. The property, a three-story building totaling 3,153 square feet, comprises three units: two three-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. Currently, two of the three units are occupied, achieving a 66% occupancy rate. The three-bedroom units each command a monthly rent of $1,150, while the two-bedroom unit is currently vacant. The property underwent renovations in 2012 and is classified as Class C. The asking price is $330,000, translating to $110,000 per unit and $104.66 per square foot. Situated in Orleans Parish, this property is located in an AE Flood Zone. This presents a strong potential for increased rental income through lease-up of the vacant unit and potential future improvements, making it an attractive investment in the desirable Uptown New Orleans area. The property is bank-owned and offers significant upside potential for the savvy investor.

Highlights

  • Asking price: $330,000 for this three-unit multifamily property.
  • Property type: Value-add, Class C, three-story triplex with 3,153 square feet.
  • Location: 3221 Louisiana Ave Pkwy, New Orleans, LA 70125.
  • Financials: $110,000 per unit; $104.66 per square foot; 66% occupancy.
  • Unit details: Two 3-bed/1-bath units (each leased at $1,150/month), one vacant 2-bed/1-bath unit.
  • Building condition: Good condition, renovated in 2012; located in an AE Flood Zone.

Property Details for 3221 Louisiana Avenue Pkwy

Property type
Residential income homes
Square Feet
3,153 SF
Class
C
Year Renovated
2012
Buildings
1
Stories
3
Units
3

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.943575623295
Longitude
-90.098524659683
3221 Louisiana Avenue Pkwy, New Orleans, Louisiana

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Burden Edmonds
Burden Edmonds
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3221 Louisiana Avenue Pkwy, New Orleans, Louisiana, 70125

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3221 Louisiana Avenue Pkwy
  • Burden Edmonds
    Burden Edmonds
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