514 Jackson Ave - Apartments FOR SALE


New Orleans, LA 70130
$1,399,000 USD
504-321-3063
514 Jackson Ave, New Orleans, LA for Sale
$1,399,000 USD
Apartments - FOR SALE
1/59
null | Request Cap Rate

514 Jackson Ave
New Orleans, LA 70130


HIGHLIGHTS

  • This property qualifies for Tax Credits up to 45% of eligible rehabilitation costs (20% Federal Historic Tax Credit & 25% State Historic Tax Credit)

OVERVIEW

Seize this once-in-a-lifetime opportunity to own a piece of New Orleans history! Nestled in the highly sought-after Irish Channel neighborhood, just one and a half blocks off Tchoupitoulas Street, this all-brick former firehouse is more than just a landmark—it’s a statement. Located in a coveted X Flood Zone, this property has NEVER flooded, ensuring peace of mind and long-term value. With prime proximity to the Mississippi River Levee (under 2 blocks away) and the vibrant energy of Magazine Street just 4 blocks from your door, you’ll be surrounded by the best of New Orleans’ culture and convenience. This two-story architectural gem boasts towering ceilings—16 feet on the first floor and 15 1/2 feet tall on the second. The first floor is an expansive 2,400 square feet of wide-open, unobstructed space, perfect for creative commercial or residential transformation. Imagine what you could do with a layout this grand! The second floor is currently divided into two separate residential units: one front-facing unit with 1,200 square feet overlooking Jackson Avenue, and a rear unit with 1,500 square feet that overlooks a charming courtyard. With approximately 5,100 square feet of total building area, plus an additional 490+ square feet in the detached cabana; built at the rear of the lot, the possibilities are as limitless as your imagination. Zoned HU-MU, this property is rich with potential for commercial use, residential living, or a blend of both. Whether you're an investor looking for the perfect mixed-use project, or a visionary ready to create something truly special, this Iconic firehouse offers unmatched flexibility and opportunity. This property qualifies for Tax Credits up to 45% of eligible rehabilitation costs (20% Federal Historic Tax Credit & 25% State Historic Tax Credit) This is more than a property—it's a landmark, a legacy, and your next great investment. Don’t miss out on this rare chance to own a piece of the Irish Channel’s storied history! The front left exterior, there is a Bansky Original Art Mural that the seller will remove prior to going to a closing. The Bansky mural is excluded from the sale. Seller to make repairs after removal. Please schedule showing requests on Showing Time. This property is NOT on any lock box. Must have a scheduled appointment and listing agent to be present for all showings. Any questions, please telephone Chris Smith at 504-231-2004.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

2

PRICE/UNIT

$699,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1849

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

HU-MU

APN/PARCEL ID

4-11-1-029-22

ASK ABOUT THIS PROPERTY

Jeffrey Doussan, Jr.Keller Williams Realty New OrleansMore Info
504-321-3063

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Jeffrey Doussan, Jr.Keller Williams Realty New OrleansMore Info
504-321-3063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.