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Commercial > Multi-family / Apartments
Active
08/05/2024
List Price
$3,350,000$521/ft²

427 Gravier St
New Orleans, LA 70130

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  • 427 Gravier St, New Orleans, LA 70130 is a 6,428 ft² multi-family/apartments property built in 1880 on a 0.060 acre lot with 27 construction permits. This multi-family/apartments is currently on the market for $3,350,000, and it was last sold in 1990.

    MLS Description

    The listing agent's description. Original Listing

    427 Gravier presents an excellent investment opportunity. This permitted hotel property features six 2-bedroom, 2-bath units, each equipped with modern kitchens and laundry facilities. Renovated in 2019 with high-end finishes, this turnkey operation is situated in a prime location—just steps away from the French Quarter, Caesar's Hotel & Casino, and all the attractions of downtown and the Central Business District. Currently, the property enjoys a steady growth trajectory, especially in the post-COVID market, with an impressive gross operating income of $505k in 2023 and $344k YTD for 2024 with projections to surpass last year’s numbers. The property is zoned CBD-2, offering potential for a range of uses and future growth. Additional financial information available upon request.

    Listing Agents

    The listing agent for 427 Gravier St is Logan Macrae.

    Permits

    427 Gravier St has 27 permit records.

    Permit History
    27
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    427 Gravier St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 427 Gravier St

    School Information

    Public/private schools serving 427 Gravier St

    Neighborhood

    This property is located in Central Business District, New Orleans, LA 70130.

    Market Trends

    Historical market data near 427 Gravier St over selected time period.

    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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