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3037 Royal St

7 Unit Apartment Building $1,245,000 ($177,857/Unit) New Orleans, LA 70117

Executive Summary

Reduced! Motivated Sellers!
3037 Royal Street presents a unique opportunity with 4 apartment units and over 10,000 square feet of office space available for sale. All apartments are fully leased and all have been recently renovated. The rear commercial space is partially owner-occupied but will be delivered vacant at act of sale. It currently features 14 private office spaces, a large boardroom, a full kitchen area, commercial laundry facilities, approximately 800 square feet of double-height warehouse space, and several larger open office areas.
With tax credits available for renovation, this fully sprinklered property is ideal for an office user seeking space with additional income from the apartments, or an investor looking for stable returns in a prime location from a long term lease or from coworking space. The RDO-1 overlay permits a variety of commercial uses, including office, retail, restaurant, gallery, and medical. Located close to Bywater favorites like Petite Clouet, Bywater Brew Pub, BABS, Satsuma, Pizza Delicious, and many more.

Property Facts

Price $1,245,000
Price Per Unit $177,857
Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.17 AC
Building Size 12,500 SF
No. Stories 2
Year Built/Renovated 1880/2010

Site Amenities

  • Security System
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+3 1 - -
Studios 1 - -
1+1 2 - -
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code HMR-3 (RDO-1 Overlay) (Historic Marigny/Tremé/Bywater Residential District)
HMR-3 (RDO-1 Overlay) (Historic Marigny/Tremé/Bywater Residential District)
  • Listing ID: 31456659

  • Date on Market: 4/9/2024

  • Last Updated:

  • Address: 3037 Royal St, New Orleans, LA 70117

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