2039 CALHOUN ST Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70118
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,788 sqft
Price per Sqft $233
MLS Listing ID 2493890
Style Other
Bedrooms 12
Full Baths 5
Year Built 1905
Property Sub-Type Duplex
Property 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.
Location
State LA
County Orleans
Interior
Heating Central,Multiple Heating Units
Cooling Central Air,Window Unit(s)
Exterior
Exterior Feature Balcony,Courtyard,Porch
Parking Features Driveway,Off Street,Three or more Spaces
Pool None
Roof Type Shingle
Building
Lot Description Corner Lot,City Lot,Irregular Lot
Foundation Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition None