Multifamily Housing
2500 Freret Street New Orleans, LA 70113
Details & Description
Price: $2,500,000
    Excellent investment opportunity in the Heart of New Orleans! Located just one block off Lasalle and several blocks from Louisiana Avenue, the improvements consist of nine (9) separate buildings containing a total of Nineteen (19) Two Bedroom Units, One (1) One-Bedroom with a Net Rentable Area of 14,679 SF.Six (6) of the seven (7) doubles on Freret have Part I & Part II federal and state historic tax credit applications approved. Five (5) of the Freret doubles are approximately 85% complete, with the kitchens and bathroom and various finish work to be completed, meaning the accrued HTCs can transfer to a new owner to complete renovation. 2613-17 Second Street and 2515-17 Magnolia are currently occupied. 2515-17 Magnolia has a third unit at the rear of the property that is currently vacant
    Property ID:    217980
    Property URL: melqr.com/217980
    Generated:    04-25-24
    Additional Photos
    Listing Agents
    Gordon McLeod

    O: 504-717-3648
    gordon@mcenryco.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Louisiana / New Orleans / 70113 / 2500 Freret Street

    2500 Freret Street

    New Orleans, LA 70113

    Listing ID: 217980
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    • 2500 Freret Street New Orleans, LA 70113 | for Sale | Photo 1
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    Building Size: 14,679 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $170.31
    Land $/SF: $170.31
    Price
    $2,500,000
    Description

    Excellent investment opportunity in the Heart of New Orleans! Located just one block off Lasalle and several blocks from Louisiana Avenue, the improvements consist of nine (9) separate buildings containing a total of Nineteen (19) Two Bedroom Units, One (1) One-Bedroom with a Net Rentable Area of 14,679 SF.

    Six (6) of the seven (7) doubles on Freret have Part I & Part II federal and state historic tax credit applications approved. Five (5) of the Freret doubles are approximately 85% complete, with the kitchens and bathroom and various finish work to be completed, meaning the accrued HTCs can transfer to a new owner to complete renovation. 2613-17 Second Street and 2515-17 Magnolia are currently occupied. 2515-17 Magnolia has a third unit at the rear of the property that is currently vacant

    Attachments & Files
    multi-family-package-om-3.25-qXC-hOE.pdf

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New Orleans History of Multifamily Housing for Sale

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    New Orleans Area Market Trends

    Listing Demographics for 2500 Freret Street New Orleans, LA 70113

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population29,380187,516386,084
    Population Median Age393939
    Population by Age0-9 Yrs3503 (11%)17580 (9%)42918 (11%)
    10-19 Yrs2729 (9%)16739 (8%)38293 (9%)
    20-29 Yrs4867 (16%)34215 (18%)58605 (15%)
    30-39 Yrs5102 (17%)33450 (17%)63164 (16%)
    40-49 Yrs3142 (10%)22567 (12%)47178 (12%)
    50-59 Yrs3688 (12%)24510 (13%)51490 (13%)
    60-69 Yrs3777 (12%)21617 (11%)46349 (12%)
    70+ Yrs2571 (8%)16837 (8%)38088 (9%)
    Median HH Income$31,934$47,628$44,300
    Total Household Income< 24K5315 (43%)24211 (30%)50223 (31%)
    25-49K2407 (19%)16466 (20%)35889 (22%)
    50-74K1632 (13%)11265 (14%)23488 (14%)
    75-99K780 (6%)7340 (9%)15136 (9%)
    100-199K1467 (11%)12583 (16%)23091 (14%)
    200K+740 (5%)6662 (8%)10355 (6%)
    Highest Education LevelNo Diploma36741875342067
    Diploma or GED47232672868098
    Some College39022436355663
    Assoc. Degree810568413400
    Bachelors Degree45043527658610
    Higher Degree36822782542614
    Total Housing Units16,770103,111197,460
    --Owner-Occupied3,79033,37675,857
    --Renter-Occupied8,55045,15182,326
    Owner-Occupied Values< 100K35927629671
    100-199K664596422998
    200-299K657611014545
    300-399K66853909483
    400-499K47341266047
    500K+969902413113
    Total Working Age Population24,121161,168321,038
    In Work Force15,128101,893200,257
    Not In Work Force8,99359,274120,782
    Workforce Employed13,65194,876184,946
    Workforce Unemployed1,4536,71914,549
    Civlian Workforce15,105101,595199,495
    Military Workforce23299761
    Total Households12,34178,526158,182
    Family Households5,03032,50375,661
    Non-Family Households7,31146,02382,521
    Married Couple2,44820,44245,459
    Other Family2,58212,06230,202
    Married w/Child7736,71914,801
    Single Male w/Child1231,0302,671
    Single Female w/Child9794,38111,630

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Louisiana4,468,976+14,533,372+14,588,310+54,813,420
    Jefferson Parish455,466-5432,552+4450,200+1454,670
    Lafourche Parish89,974+796,318095,990095,990
    Orleans Parish484,674-29343,829-26255,4400256,010
    Plaquemines Parish26,757-1423,042+1225,770+1329,130
    St. Bernard Parish67,229-4735,897-3822,210+122,480
    St. Charles Parish48,072+1052,780+1057,930+560,580
    St. John the Baptist Parish43,044+745,924+2557,410+1365,110

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2500 Freret Street in New Orleans?
    The asking price for 2500 Freret Street is $2,500,000
    What is the building size of this Multifamily property in New Orleans, LA?
    The size of the building/unit at 2500 Freret Street in New Orleans is 14,679 square feet
    What is the population within 1 mile of 2500 Freret Street in New Orleans?
    The population within 1 mile of 2500 Freret Street New Orleans, LA 70113 is 29,380 people.
    Who do I contact for questions about 2500 Freret Street?
    You should contact the listing agent, Gordon McLeod, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Louis Armstrong New Orleans International Airport (MSY) 11
    Gulfport Biloxi International Airport (GPT) 69
    Lafayette Regional Airport (LFT) 115
    Price
    $2,500,000
    Listing Agent
    Gordon McLeod - CRE Agent at

    Gordon McLeod

    McEnery Co. Mandeville

    VIEW AGENT PROFILE

    CONTACT AGENT

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