River Ridge Office 9531 Jefferson Highway River Ridge, LA 70123 504.737.8454

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River Ridge Office 9531 Jefferson Highway River Ridge, LA 70123 504.737.8454
$1,350,000 For Sale

2039 Calhoun Street
New Orleans, LA 70118

Multi Family Home - MLS# 2493890
Property Photo
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Description

Ideally located at Freret and Calhoun Streets, just steps from Tulane and Loyola Universities, 2039 Calhoun offers a fully leased 12-bedroom, 5,700+ SF student housing investment property. The property features a standalone four-bedroom unit on the ground floor and an eight-bedroom unit on the second and third floors. Currently leased to one group, the units can also be rented separately by closing a door. Each unit includes a full kitchen and in-unit laundry.With a commanding corner presence, direct sightlines to the universities, off street parking, and original historic details, the property has undergone extensive renovations, including a new roof, gutters, exterior paint, major siding and HVAC repairs, new flooring, updated bathrooms, new laundry units and many others.Centrally located in Uptown, just minutes from the Freret and Maple Street commercial corridors, the property is in constant high demand and ensures strong, stable rental income. The upper unit is fully leased for 2025-2026, and ownership is finalizing a lease for the ground floor. 2039 Calhoun Street is a rare opportunity in an unbeatable university location.

Features

  • Property Type: Multi Family Home
  • Sub Type: Duplex
  • Listing Status: Active
  • County/Area: Orleans Parish
  • Zip Code: 70118
  • Year Built: 1905
  • Sq.Ft.: 5,788 sq ft
  • Stories: 3+ Story
  • Bedrooms: 12
  • Full Baths: 5
  • Baths: 5
  • Additional Sub Type: Duplex
  • Building Area Source: Measured
  • Cooling: Central Air, Window Unit(S)
  • Cooling YN: Yes
  • Directions: Freret Towards Campus, Left Corner On Calhoun St
  • Exterior Features: Balcony, Courtyard, Porch
  • Foundation Details: Slab
  • Heating: Central, Multiple Heating Units
  • Heating YN: Yes
  • Living Area Source: Measured
  • Lot Dimensions: 59x82
  • Lot Features: Corner Lot, City Lot, Irregular Lot
  • Main Type: Residential Income
  • Number Of Units Total: 2
  • Parking Features: Driveway, Off Street, Three Or More Spaces
  • Patio And Porch Features: Balcony, Porch
  • Postal City: New Orleans
  • Property Condition: Excellent
  • Roof: Shingle
  • Sewer: Public Sewer
  • Tenant Pays: Electricity, Gas, Water
  • Total Stories: 3
  • Water Source: Public
Listing Courtesy of Ben & Burka
Source: Gulf South Real Estate Information Network, Inc.
Rob Norton
Riverside Realty, Inc.

9531 Jefferson Hwy
River Ridge, LA 70123
Phone: 504-453-5165
Email: rob@rnortonrealtor.com

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