30
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$1,099,000
Est. payment /mo
3,159 SqFt
Price Dropped by $51K
506 E RUTLAND ST Covington, LA 70433
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,159 sqft
Price per Sqft $347
Subdivision Not A Subdivision
MLS Listing ID 2492535
HOA Y/N No
Year Built 1863
Lot Size 6,433 Sqft
Acres 0.1477
Property Description
Nestled just one block off Boston and near the cultural hub of Old Covington, this well maintained historic building presents a rare opportunity for a seamless live-work-play lifestyle or it could be a prime investment opportunity on a corner in one of the area's most desirable corridors. This character filled building is within walking distance to Del Porto Restaurant, the Southern Hotel and all the cool spots downtown including the Tammany Trace at the Covington Trailhead. Boasting timeless appeal, the property features hardwood floors, soaring ceilings, classic fireplaces, and all the charm you'd expect from an older home. The ground floor currently hosts a thriving business, while the upper level offers beautiful living quarters—ideal for those seeking to have it all in one place. The downstairs offers a foyer/reception area, 3 large private offices, an oversized conference room, 2 large office spaces plus 2 bathrooms and a kitchen or it could be converted for strictly residential use. The upstairs is an elegant residence with a spacious living room featuring an original brick chimney, bedroom area, kitchen featuring slab granite and shiplap plus a full bath with custom tile work and beautiful vanity. There is also a large walk-in attic for storage. In addition to all of this there is an abundance of porches and decks for outdoor space. This property comes with ample street parking and for overflow there is easy access to the nearby two oxlots. As an investment opportunity the property could generate immediate income with a fully operational commercial space on the first floor and a private, character-filled residence on the second, which would make a great short term rental property. With its prime location and flexible layout, this property is a rare find. 2024 roof. AC systems are 1 to 3 years old. Shown by appointment only. Check out the video walk through: https://go.nolaremarketing.com/506EastRutlandMLS
Location
State LA
County St Tammany
Zoning CBD
Interior
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Mixed Use,Office
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Living Quarters
Others
Tax ID 23191
Special Listing Condition None
Virtual Tour https://go.nolaremarketing.com/506EastRutlandMLS
Listed by LATTER & BLUM (LATT15)
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