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$515,000
12 Beds
6 Baths6 full baths
3,120sqft
8816-24 Spruce St, New Orleans, LA 70118
$515,000
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Apartment
Built in 1960
$-- HOA
-- sqft lot
$165/sq.ft
Description
All rents to $950 per month now - 100% occupied. 9.1% in place cap rate. All of the units are separately metered for water AND electricity. Each property is on separate parcel and can qualify for favorable 1-4 unit investment financing. 8816-26 Spruce Street is a 6-unit multifamily property located in the rapidly-growing Leonidas/Carrollton neighborhood, just blocks away from the Carrollton Avenue and S. Claiborne Avenue. The property is in excellent condition and has major upside potential in rents as the current owner favored maintaining relationships with long term tenants. Rents for 2 bed/1 bath units in this area in similar condition and size can obtain a rental amou...
Continue Reading- Houzeo last checked: 42 Minutes ago
- Listing updated: April 30, 2026 at 1:17 pm
- Listing Provided by: Mason McCullough (504) 298-8631 , Bryce Danna-Marullo | Bridgewater Realty Advisors, LLC (504) 901-0463
- Source: New Orleans Metropolitan AOR (NOMAR) MLS-LA | MLS#: 2507535
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1960
HOA Fees
-
Finished Area
3,120 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
New Orleans Metropolitan AOR (NOMAR) MLS
MLS Number
2507535
MLS Status
Active
Days on Market
354
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