Active
Multifamily
522 Madison St
New Orleans, LA 70116
$2,350,000
Built in 1827, This is one of the five buildings with entresol levels constructed for Louis McCarthy and designed by the French Architect, Louis H. Pilie. Adjoined to the rear of the Lower Pontalba, often cited as the oldest apartment buildings in the country, 522 Madison is located at the… Read More center of the Historical French Quarter and just a few minutes' walk to St. Louis Cathedral, Cafe Du Monde and numerous restaurants, bars, and museums. Located in the National Register District of the French Quarter, 522 Madison is eligible for National Registry Status. 522 Madison is an excellent opportunity for re-development utilizing State and Federal Historic Tax Credits or condominium conversion. Consisting of 10 1bd/1ba units, elevator, and laundry room, spread across two buildings that are separated by a common area courtyard; three (3) of the leases are currently month to month. The property also features a penthouse on the top level with exceptional rooftop views of the Mississippi River, the New Orleans skyline, and the vibrant French Quarter. Currently vacant, it is ready to be used as the new owner's personal retreat or as a unique draw for a potential tenant. Rents are currently below market creating an excellent opportunity for immediate value-add. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click Offering Memorandum below. From there, you'll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don't already have an account, you can create one for free.*** Read Less
Courtesy of , Elifin Realty
Listing Snapshot
Days Online
353
Last Updated
Property Type
Multi Family
Lot Size
0.06 Acres
MLS Number
BR2023018012
Additional Details
Appliances & Equipment
Appliances: "Refrigerator"
Building
Building Area Total: 7260, Building Area Units: Square Feet, Construction Materials: "Brick", Living Area Units: Square Feet, Living Area: 0, Structure Type: "Unit 1(Flat)", "Unit 2(Flat)", "Unit 3(Flat)", "Unit 4(Flat)", Number Of Units Total: 10
Cooling
Cooling: "Other, Window Unit(s)", "AC Unit(s)", Cooling Included
Foundation
Foundation Details: "Slab"
Heating
Heating: "Other", "Heat Unit(s)", Heating Included
Lot
Lot Size Acres: 0.0597, Lot Size Area: 2600, Lot Size Dimensions: 40 x 65, Lot Size Square Feet: 2600, Lot Size Units: Square Feet, Parcel Number: 207100707
Parking
Parking Total: 0
Property
Property Sub Type: Multi Family
Sewer
Sewer: "Other Water/Sewer", "Public Sewer"
Utilities
Water Source: "Public"
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