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Residential > Multi-family
Active
01/19/2025
List Price
$1,050,000$293/ft²

1328 Esplanade Ave
New Orleans, LA 70116

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  • Malobo BannerMalobo Banner Square
    1328 Esplanade Ave, New Orleans, LA 70116 is a 9 bed, 5 bath, 3,579 ft² multi-family home house built in 1910 on a 0.116 acre lot with 2 construction permits. This multi-family home is currently for sale for $1,050,000, and it was last sold in 2019 for $930,000.

    MLS Description

    The listing agent's description. Original Listing

    Investor Opportunity – Income, Flexibility, and Historic Charm <br><br> 1328 Esplanade Avenue offers a rare combination of income potential, location, and owner-occupant flexibility in one of New Orleans’ most desirable historic corridors—just three blocks from the French Quarter. This meticulously maintained 5-plex features five 1-bedroom, 1-bath units, each with private entries and outdoor spaces. The current layout supports multiple configurations, including a high-performing short-term rental strategy. <br><br> In one of the most lucrative setups, the two upper units can be combined into a licensed luxury 2-bedroom Airbnb—projecting annual STR revenue of approximately $65,000—while the remaining three units generate street rents of up to $2,000/month. The fifth unit offers an ideal owner-occupied residence or pied-à-terre, allowing the buyer to live on-site while enjoying an estimated $10,700/month in gross income. <br><br> Additional highlights: Fully licensed Airbnb unit with Superhost status and 5-star reviews Sewer line replaced in 2020 from back cottage to street Five separate electric and gas meters Shared laundry facility with 3 washers & dryers One off-street parking spot Zoned HMR-2 | Flood Zone X Whether you're seeking a hybrid live/rent setup or a high-yield, diversified investment, this income-producing property offers immediate returns and long-term upside in a prime location.

    Listing Agents

    The listing agent for 1328 Esplanade Ave is Cassondra Larsen.

    Permits

    1328 Esplanade Ave has 2 permit records.

    Permit History
    2
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    1328 Esplanade Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1328 Esplanade Ave

    School Information

    Public/private schools serving 1328 Esplanade Ave

    Neighborhood

    This property is located in Mid City, New Orleans, LA 70116.

    Market Trends

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    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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