Versatile Treme Investment Opportunity with Short-Term Rental Potential!

This property was formerly a commercial and residential duplex, offering approximately 2,600 square feet of space on Orleans Ave in the historic Treme neighborhood. The current HU-MU zoning presents excellent potential for use as a multi-family or short-term rental property.

The property has a new roof and features two bedrooms and one bathroom upstairs, which require cosmetic upgrades and repairs to achieve its full potential. The downstairs area, formerly a commercial space, is currently used as a garage and storage area. It is possible to convert this space into a second rental unit, as there is enough room for two or three bedrooms, and a bathroom is already in place.

A recent Abbott Price property analysis indicates a potential rental income of $3,200/m ($1,600 per unit) post-renovation or more for possible short-term rental.

HU-MU zoning permitted uses:

• Short-term rental potential (STR)
• Single-family
• Multi-family
• Grocery store
• Catering kitchen
• Medical/dental clinic

This prime location is directly on the Zulu parade route, just one mile from both the French Quarter and the Endymion parade route. It is also within walking distance of some of New Orleans’ best restaurants and attractions, including Willie Mae’s Scotch House, Dooky Chase Restaurant, the Lafitte Greenway, and Louis Armstrong Park.

Investment Highlights:

• HU-MU Zoning – Short-term rental, single-family, multi-family, commercial
• Potential rental income of $3,200/m ($1,600 per unit) post-renovation
• Approximately 2,600 SqFt
• Located on the Zulu parade route
• Just one mile from the French Quarter
• New Roof