$1,150,000
UNDER CONTRACT $100K PRICE DROP

1722 Esplanade Ave New Orleans, LA 70116

Treme-Lafitte Neighborhood

Estimated payment $7,520/month

Total Views 4,219
-- Bed
-- Bath
7,092 Sq Ft
$162 Price per Sq Ft

About This Home

$100K PRICE REDUCTION. Ten units on Esplanade Avenue - restore units and keep as multifamily or convert to condos. Building needs about $200k in repairs but many units in good condition. The total rents listed on this page are pro forma rents and not the actuals.

The building contains ten (10) units with eight (8) 1 bedroom 1 bathroom units, one (1) 2 bedroom 1 bathroom unit, and one (1) 2 bedroom 2 bathroom unit. The units feature beautiful hardwood flooring, marble countertops, balconies, a fenced yard, and
high ceilings. The highest and best use of this property is for a purchaser to buy the building and complete the necessary renovations ($217,762) to bring back to commerce. A condo conversion will then be completed and each condo sold off separately for a total of $2,315,000. With the low cost basis and renovation budget, this will allow for a decent size profit for the developer of the project.

Listing Agent

Mason McCullough

Bridgewater Realty Advisors, LLC License #995714063 Listed on: 02/14/2025

Co-Listing Agent

BRYCE DANNA-MARULLO

Bridgewater Realty Advisors, LLC License #995705186

Property Details

Property Type

  • Other

Year Built

  • Built in 1920

Lot Details

  • Rectangular Lot
  • Zoning described as HU-RD1

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 7,092 Sq Ft Home
  • Property has 3 Levels

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number per assessor

Property Details

Property Type

Other

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 6720
  • Co List Office Mls Id: BRALLC01
  • Co List Office Phone: (504) 901-0463
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Structure Type: Mixed Use
  • Year Built: 1920
  • Special Features: UnderContract
  • Property Sub Type: Other
  • Stories: 3

Interior Features

  • Living Area: 7092.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: per assessor
  • Zoning Description: HU-RD1
  • Zoning: HU-RD1

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

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 Price Changed $1,150,000 -8.0% $162 / Sq Ft
02/14/2025 02/14/25 For Sale $1,250,000 -- $176 / Sq Ft
Source: ROAM MLS

Source: ROAM MLS

MLS Number: 2487242

Louisiana Orleans Parish New Orleans 70116 Treme-Lafitte

1722 Esplanade Ave, New Orleans, LA

This home is located at 1722 Esplanade Ave, New Orleans, LA 70116 and is currently priced at $1,150,000, approximately $162 per square foot. This property was built in 1920. 1722 Esplanade Ave is a home located in Orleans Parish with nearby schools including Phillis Wheatley Community School, Bricolage Academy, and Mary Bethune Elementary School.

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Listing Agent
Mason McCullough
Section Image
Bridgewater Realty Advisors, LLC
(504) 565-2251