2129 Desire St, New Orleans, LA 70117

Description

Excellent opportunity to own a well-maintained, tenant-occupied 3-unit multifamily property generating $3,400/month in current gross rental income. Offering approximately 4,133 sq. ft. with off-street parking, this income-producing property presents a fantastic opportunity for both investors and owner-occupants alike.Recent 2025 improvements include freshly painted exterior, blown-in attic insulation, and two new hot water heaters.The spacious owner’s unit (HVAC replaced 2024) is located on the second floor and offers approximately 1,800 sq. ft. with 3 bedrooms and 2 full baths with beautiful hardwood floors. An oversized kitchen features French doors leading to a wonderful private deck — wonderful entertaining or relaxing outdoors.The two lower units include a 3-bedroom/1-bath unit and a 2-bedroom/1.5-bath unit, providing strong rental flexibility and income potential.Conveniently located just 10 minutes from the French Quarter and only one mile from the vibrant Bywater and St. Claude corridors. Enjoy easy access to local favorites including Bywater Bakery, Saturn Bar, Galaxie, Crescent Park, Tough Break, and Harold's Plants.Assumable flood insurance policy currently only $1,309 annually. Transferable termite contract in place. Tenant occupied — please allow 24–48 hours notice for showings.1A is rented for $975 beginning 9/1/26 1B is rented for $975 beginning 9/1/26