136 S Olympia St - Apartments FOR SALE


New Orleans, LA 70119- Mid-City
$879,000 USD
504-275-9990
136 S Olympia St, New Orleans, LA for Sale
$879,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

136 S Olympia St
New Orleans, LA 70119
Mid-City


OVERVIEW

This beautifully maintained 6-unit property is an excellent income producer. Located just one block off Canal Street, it consists of two Arts and Crafts style homes built around 1930, offering six one-bedroom, one-bath apartments. The units retain most of their original architectural details while featuring modern amenities. The first house contains two apartments, one in the front and one in the back. The second house includes four units, with two upstairs and two downstairs. Both homes boast covered front porches. A small courtyard separates the houses in the front, while the rear courtyard offers a common sitting area, a one-car garage, an outdoor storage area, and a laundry area for units without in-unit hookups. This property is ideally situated one block from the Canal streetcar line, in a vibrant area rich with restaurants, shopping, and the best of New Orleans. Apt.1 $1300 800 sq ft Apt.2 $1340 850 sq ft Apt. 3 $1170 650 sq ft Apt. 4 $1210 650 sq ft Apt. 5 $1250 700 sq ft Apt.6 $1250 750 sq ft

FOR SALE DETAILS

PRICE

$879,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

6

PRICE/UNIT

$146,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,882 SF

ZONING

HU-RD2

APN/PARCEL ID

1-05-3-086-02

ASK ABOUT THIS PROPERTY

Mark InmanColdwell Banker CommercialMore Info
504-275-9990

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Mark InmanColdwell Banker CommercialMore Info
504-275-9990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.