$618,000
$665,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2501 ROYAL ST New Orleans, LA 70117
8 Beds
3 Baths
3,113 SqFt
Key Details
Sold Price $618,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,113 sqft
Price per Sqft $198
MLS Listing ID 2448359
Sold Date 11/01/24
Style Traditional
Bedrooms 8
Full Baths 3
Construction Status Very Good Condition
HOA Y/N No
Year Built 1922
Property Description
We're celebrating the Fed's recent interest rate cut with a price reduction on this triplex at 2501 Royal St. Now listed at $665,000, this property projects current market rents of $5,400/month with two current leases on month-to-month terms. The seller is also offering to upgrade to a Certified Fortified Roof with a full-price offer, which could significantly reduce insurance costs. Located in Flood Zone X, the most desirable zone in New Orleans.
Downstairs are two renovated units (a 2-bed and a 3-bed), each with private entrances and all appliances including washers/dryers. The upstairs unit is a spacious 3-bedroom that has been restored, retaining historic features like original kitchen cabinets, apron sink, and large windows that fill the space with natural light. All units have separate electric meters; the owner only covers water, trash, and sewer.
Happy tenants who pay rent on time.
Prime location in the Marigny, just a short walk to the French Quarter and Bywater.
Easy street parking.
Rich history – inquire for more details.
2501 Royal St isn’t just a house—it’s a smart investment in an incredible historic New Orleans neighborhood.
Location
State LA
County Orleans
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Heating Central, Window Unit
Cooling Central Air, Window Unit(s)
Fireplace No
Laundry Laundry Room
Exterior
Exterior Feature Balcony, Enclosed Porch, Porch
Garage None, Off Street
Pool None
Water Access Desc Public
Roof Type Asphalt,Shingle
Porch Balcony, Porch, Screened
Parking Type None, Off Street
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Construction Status Very Good Condition
Others
Tax ID 38W101607
Financing Conventional
Special Listing Condition None
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Bought with Cool Murphy, LLC