$1,150,000
$100K PRICE DROP

1722 Esplanade Ave New Orleans, LA 70116

Treme-Lafitte Neighborhood

Estimated payment $7,404/month

Total Views 4,618
12 Beds
10 Baths
7,092 Sq Ft
$162 Price per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Rectangular Lot
  • Wood Siding

About This Home

$100K PRICE REDUCTION. Seller is open to partnership or joint venture with buyer. 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. State and federal historic tax credits.

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

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1920

Home Design

  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

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

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Full Bathrooms

Additional Features

  • Property is in average condition
  • City Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number per assessor

Townhouse Details

Home Type

Townhome

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential Income
  • Lot Size: 6720
  • Co List Office Mls Id: BRALLC01
  • Co List Office Phone: (504) 901-0463
  • Entry Level: 3
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Structure Type: Townhouse
  • Year Built: 1920
  • Property Sub Type Additional: Townhouse,Apartment
  • Special Features: None
  • Stories: 3

Interior Features

  • Full Bathrooms: 10
  • Total Bedrooms: 12
  • Living Area: 7092.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Raised
  • Property Condition: Average Condition
  • Roof: Shingle

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: per assessor

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: 2487241

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 Homer Plessy French Quarter Community School.

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