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$899,000
37 Days On Site

1039 MARAIS Street
New Orleans, LA 70116

For Sale|Apartment|Active
9
Beds
6
Total Baths
6
Full Baths
4,460
SqFt
$202
/SqFt
1978
Built
County:
Orleans

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1039 MARAIS Street1039 MARAIS Street1039 MARAIS Street1039 MARAIS Street
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1039 Marais Street presents a rare opportunity to acquire a historic six-unit multifamily property in the heart of New Orleans’ Tremé neighborhood. Originally built in 1919 and renovated in 2019, the property contains approximately 4,460 gross square feet and sits on a 30' x 112' corner lot within the New Orleans Historic District Landmarks Commission Tremé district. The unit mix includes three two-bedroom units and three one-bedroom units, combining historic New Orleans character with an exceptional location just steps from the French Quarter and some of the city’s most iconic cultural destinations. In-place rents provide an opportunity for future upside through lease-up and rental growth. With strong existing cash flow, a desirable boutique scale, and meaningful value-add potential, 1039 Marais Street offers investors a compelling opportunity to own a historic multifamily asset in one of New Orleans’ most distinctive neighborhoods. All information herein is deemed reliable but not guaranteed. Buyer and buyers agents must independently verify all information prior to closing.

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Listing Snapshot
Price 
$899,000
Days On Site 
37 Days
Bedrooms 
9
Inside Area (SqFt) 
4,460 sqft
Total Baths 
6
Full Baths 
6
Partial Baths 
N/A
Lot Size 
0.08 Acres
Year Built 
1978
MLS Number 
2579039
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS
General Features
Acres 
0.08
Cross Street 
St. Philip St. & Ursulines Ave
Foundation 
Slab
Levels 
Two
Parking 
None
Property Sub Type 
Apartment
Sewer 
Public Sewer
Style 
Traditional
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Central
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Exterior Features
Construction Details 
Wood Siding
Exterior 
Balcony
Lot Features 
City LotRectangular Lot
Patio And Porch 
Porch
Pool Features 
None
Roof 
Shingle
Listing courtesy of Bridgewater Realty Advisors, LLC

Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.

Neighborhood & Commute
Source: Walkscore
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