For Sale
$1,175,000

136 Olympia StNew Orleans, LA 70119

Six-unit apartment building, excellent income.

Overview

Added:
Dec 11, 2024
Days on market:
113
This beautifully maintained six-unit apartment building in New Orleans presents a compelling investment opportunity. Priced at $1,175,000, the property comprises two charming Arts and Crafts style homes built around 1930, each offering one-bedroom, one-bathroom apartments. Located just one block from Canal Street, this property benefits from its prime location in a vibrant neighborhood with abundant restaurants and shopping. The first house features two apartments, one in the front and one in the back, while the second house contains four units – two upstairs and two downstairs. Both homes retain much of their original architectural details, complemented by modern amenities. Each home boasts a covered front porch. A small courtyard separates the houses in the front, while a rear courtyard provides a shared sitting area, a one-car garage, outdoor storage, and a laundry area for units lacking in-unit hookups. The property's proximity to the Canal Streetcar line ensures easy access to the city's attractions. This is an exceptional opportunity to acquire a well-maintained, income-producing multifamily property in a highly desirable New Orleans location. The address is 136 S Olympia Street, Units 1-6, New Orleans, LA 70119.

Highlights

  • $1,175,000 asking price for a six-unit multifamily property in New Orleans, LA.
  • Located one block from Canal Street in a vibrant area with restaurants and shopping.
  • Six one-bedroom, one-bathroom apartments in two beautifully maintained Arts & Crafts style homes (circa 1930).
  • Features include original architectural details, modern amenities, covered porches, a courtyard, one-car garage, outdoor storage, and a common laundry area.

Property Details for 136 Olympia St

Property type
Land, Apartment buildings

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.9771975
Longitude
-90.1065462
136 Olympia St, New Orleans, Louisiana

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136 Olympia St
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