818 BOURBON Street, New Orleans, LA 70112
sale
$3,500,000
|
Other
Courtesy Of HomeSmart Realty South
818 Bourbon Street presents a rare opportunity to acquire a newly renovated luxury condominium portfolio in the heart of the French Quarter. This iconic 800 block Bourbon Street property has been transformed into 8 individually structured condominium residences featuring modern contemporary interiors, updated kitchens and baths, in-unit washer and dryers, and a newly installed slate roof. The property offers a diverse mix of floorplans including premium multi-bedroom residences, private courtyard-facing units, and the signature Unit 2A featuring a coveted second-floor Bourbon Street balcony overlooking one of New Orleans' most recognized corridors. Expansive layouts, preserved historic character, and practical luxury upgrades create exceptional appeal for buyers seeking a personal French Quarter residence paired with strong income-producing potential. Currently generating more than $17,000 per month in rental income, the portfolio presents a compelling opportunity for an owner-investor to retain Unit 2A as a private residence while leveraging income from the remaining units to offset ownership costs and build long-term value. The flexible condominium structure also creates future optionality for individual unit sales, long-term holds, or a hybrid investment strategy. Recent improvements include approximately $1M in renovations and repositioning, including the addition of multiple bathrooms, upgraded systems, modernized interiors, and establishment of a formal condominium regime. Property features include: - 8 legal condominium units - Shared French Quarter courtyard - In-unit washer/dryers - Contemporary kitchens with stainless appliances - Luxury marble-style bath finishes - New slate roof - Signature Bourbon Street balcony unit (2A) - Strong in-place rental income A unique opportunity to own a boutique luxury condo collection in one of the most internationally recognized locations in New Orleans while enjoying the lifestyle and prestige of a private Bourbon Street residence.
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Property Features
- Age: Over 50 Years Old
- Floors: 3
- Legal Description: 1. SQ 58 LOT 18 BOURBON ST 2. 32X127 3. 818 BOURBON ST
- MLSID: 2558840
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