$1,050,000
$78K PRICE DROP

1328 Esplanade Ave New Orleans, LA 70116

Treme-Lafitte Neighborhood

Estimated payment $6,656/month

Total Views 1,901
4 Beds
5 Baths
3,579 Sq Ft
$293 Price per Sq Ft

Highlights

  • Victorian Architecture
  • Porch
  • Closed Circuit Camera
  • Balcony
  • Courtyard
  • Central Heating and Cooling System

About This Home

Investor Opportunity – Income, Flexibility, and Historic Charm

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.

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-a-terre, allowing the buyer to live on-site while enjoying an estimated $10,700/month in gross income.

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 Agent

Cassondra Larsen

KELLER WILLIAMS REALTY 455-0100 License #000028198 Listed on: 01/19/2025

KELLER WILLIAMS REALTY 455-0100

Co-Listing Agent

Tustin Shannon

Keller Williams Realty New Orleans License #995716807

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,144

Year Built

  • Built in 1854

Lot Details

  • Lot Dimensions are 32x160
  • Fenced
  • Permeable Paving
  • Rectangular Lot
  • Property is in excellent condition

Parking

  • Driveway

Home Design

  • Quadruplex
  • Victorian Architecture
  • Raised Foundation
  • Shingle Roof
  • Wood Siding
  • Hardboard

Interior Spaces

  • 3,579 Sq Ft Home
  • Property has 2 Levels
  • Closed Circuit Camera

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Outdoor Features

  • Balcony
  • Courtyard
  • Porch

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 1328-esplanadeav

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,144

Year Built

Built in 1854

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 32x160
  • Co List Office Mls Id: KEWI01
  • Co List Office Phone: (504) 862-0100
  • Directions: 3 Blocks from N Rampart Lake side, River side of Esplanade
  • Architectural Style: Victorian
  • Entry Level: 2
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1854
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Living Area: 3579.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Hardboard, Wood Siding
  • Exterior Features: Balcony, Courtyard, Fence, Porch, Permeable Paving
  • Foundation Details: Raised
  • Patio And Porch Features: Balcony, Porch
  • Property Condition: Excellent
  • Roof: Shingle

Garage/Parking

  • Parking Features: None, Driveway

Utilities

  • Laundry Features: Common Area
  • Security: Closed Circuit Camera(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 1328-esplanadeav

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 5

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,144 $83,700 $15,170 $68,530
2024 $10,296 $83,700 $15,170 $68,530
2023 $10,959 $88,350 $15,170 $73,180
2022 $10,959 $84,690 $15,170 $69,520
2021 $11,736 $88,350 $15,170 $73,180
2020 $10,136 $69,720 $15,170 $54,550
2019 $6,413 $42,450 $7,580 $34,870
2018 $16,024 $104,000 $7,580 $96,420
2017 $3,899 $26,500 $7,580 $18,920
2016 $4,022 $26,500 $7,580 $18,920
2015 $3,940 $26,500 $5,060 $21,440
2014 -- $28,000 $3,390 $24,610
2013 -- $28,000 $3,390 $24,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $1,050,000 +5.1% $293 / Sq Ft
12/11/2019 12/11/19 Sold -- -- --
11/11/2019 11/11/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $999,000 -- $307 / Sq Ft
Source: ROAM MLS

Purchase History

Date Type Sale Price Title Company
Deed $930,000 Partners Title
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 Future Advance Clause Open End Mortgage
Source: Public Records

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Source: ROAM MLS

MLS Number: 2483376

APN: 2-08-1-041-13

Louisiana Orleans Parish New Orleans 70116 Treme-Lafitte

1328 Esplanade Ave, New Orleans, LA

This home is located at 1328 Esplanade Ave, New Orleans, LA 70116 and is currently priced at $1,050,000, approximately $293 per square foot. This property was built in 1854. 1328 Esplanade Ave is a home located in Orleans Parish with nearby schools including Phillis Wheatley Community School, Homer Plessy French Quarter Community School, and Mary Bethune Elementary School.

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Nearby Homes
Cassondra Larsen
Listing Agent
Cassondra Larsen
Section Image
KELLER WILLIAMS REALTY 455-0100
(504) 684-1088