807 Bourbon St
For Sale9 UnitsPrice Reduction

807 Bourbon St

New Orleans, LA 70116  |  Orleans Parish
$1,100,000
$1,100,000List Price
9Units
9 x 1BR / 1BABeds / Baths
3,228Total Sq Ft
1829Year Built
$340.77Price / Sq Ft
$9,250Monthly Rent

Property Overview

Price reduction! $9,250 per month in gross rents once the last two vacancies are filled. The property has been well kept and is in great condition. First time to market in 40 years, so do not miss your opportunity to own this turnkey investment.

All units feature tons of character with original brick walls, exposed wood beams and original finishes throughout the building. Washer and dryer on site, with water and trash paid by the owner. A secure, high end gated community located right in the middle of all the action on Bourbon Street.

Just steps from Cafe Du Monde, the French Market, top tier dining, art galleries and the vibrant culture of the Quarter, which leads to strong rental demand. Units 3/1C and 8/3B are currently vacant and market rent has been used as a placeholder.

Interested in this property?

Contact the listing team for showings, rent details and financing questions.

Contact the AgentsCall Bryce

Unit Mix & Income

UnitBedsBathsSq FtMonthly Rent
9 / 3C11350$1,000
8 / 3B11350$1,100
7 / 3C11350$1,000
6 / 2C11350$850
5 / 2B11350$1,100
4 / 1B11350$800
3 / 1C11350$1,100
2 / 1B11350$1,150
1 / 1A11350$1,150

Rents and square footage are per the MLS and are approximate. Units 8/3B and 3/1C are vacant and carried at market rent.

Income Summary

Gross monthly rent (per MLS)$9,250
Gross annual rent (calculated)$111,000
Price per unit (calculated)$122,222
Gross rent multiplier (calculated)9.9x

Rents are as reported in the MLS. Where units are vacant, market rent may be carried in the figures. Buyers should verify all income and expense information.

Property Details

MLS #2565031
StatusActive
Property typeMulti-Family
Total units9
Total living area3,228 sq ft
Year built1829
Stories3
Lot size23 x 84 (0.04 acres)
StyleCreole townhouse
ConstructionBrick
RoofSlate
FeaturesBalcony, courtyard, sprinkler system
ConditionVery good
Heat / airWindow unit
Electric paid byTenant (Entergy)
Water paid byOwner
Bounding streetsSt Ann, Dumaine

Photo Gallery

Contact the Listing Team

Bryce Danna-Marullo

Listing Agent

Call (504) 301-5583Email

Mason McCullough

Bridgewater Realty Advisors

Call (504) 298-8631Email

Bridgewater Realty Advisors, LLC  |  3501 Severn Ave, Suite 19, Metairie, LA 70002  |  (504) 901-0463