1328 Esplanade Avenue, New Orleans, LA 70116
Local realty services provided by:ERA Sarver Real Estate



1328 Esplanade Avenue,New Orleans, LA 70116
$1,050,000
- 4 Beds
- 5 Baths
- 3,579 sq. ft.
- Multi-family
- Active
Listed by:cassondra larsen
Office:keller williams realty 455-0100
MLS#:2483376
Source:LA_GSREIN
Price summary
- Price:$1,050,000
- Price per sq. ft.:$293.38
About this home
Investor Opportunity – Income, Flexibility, and Historic Charm <br><br>
1328 Esplanade Avenue offers a rare combination of income potential, location, and owner-occupant flexibility in one of New Orleans’ most desirable historic corridors—just three blocks from the French Quarter. This meticulously maintained 5-plex features five 1-bedroom, 1-bath units, each with private entries and outdoor spaces. The current layout supports multiple configurations, including a high-performing short-term rental strategy. <br><br>
In one of the most lucrative setups, the two upper units can be combined into a licensed luxury 2-bedroom Airbnb—projecting annual STR revenue of approximately $65,000—while the remaining three units generate street rents of up to $2,000/month. The fifth unit offers an ideal owner-occupied residence or pied-à-terre, allowing the buyer to live on-site while enjoying an estimated $10,700/month in gross income. <br><br>
Additional highlights:
Fully licensed Airbnb unit with Superhost status and 5-star reviews
Sewer line replaced in 2020 from back cottage to street
Five separate electric and gas meters
Shared laundry facility with 3 washers & dryers
One off-street parking spot
Zoned HMR-2 | Flood Zone X
Whether you're seeking a hybrid live/rent setup or a high-yield, diversified investment, this income-producing property offers immediate returns and long-term upside in a prime location.
Contact an agent
Home facts
- Year built:1854
- Listing Id #:2483376
- Added:209 day(s) ago
- Updated:August 16, 2025 at 03:13 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Full bathrooms:5
- Living area:3,579 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Heating
Structure and exterior
- Roof:Shingle
- Year built:1854
- Building area:3,579 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,050,000
- Price per sq. ft.:$293.38
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