41
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$895,000
Est. payment /mo
3,301 Sqft Lot
Active
1801 ADAMS ST New Orleans, LA 70118
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2500505
HOA Y/N No
Year Built 1933
Lot Size 3,301 Sqft
Acres 0.0758
Property Description
Turnkey Investment Opportunity with Strong Income in Prime University Area
Rare opportunity to own a fully operating, income-producing property in the heart of the University area—just minutes from Tulane and Loyola. This historical gem spans three addresses: 1801 & 1803 Adams Street and 7625 Hickory Street, totaling approximately 3,143 square feet of rentable space.
Currently 90% occupied, this turnkey asset brings in $10,300/month in gross rental income with only 30% in operating expenses—delivering a solid 10% cap rate. All units are rented furnished, and furniture is included in the sale. Even better, the leases include all utilities and WiFi, which makes the property especially attractive for students and short-term renters looking for convenience and value.
An optional on-site storage container is also available and can be purchased separately if desired.
The property has been well maintained and offers flexibility for future use. With its location, layout, and income performance, this could easily be converted to a group home, assisted living, or senior housing facility.
Whether you're looking to expand your portfolio or step into a cash-flowing property with minimal effort, this one checks all the boxes.
Rare opportunity to own a fully operating, income-producing property in the heart of the University area—just minutes from Tulane and Loyola. This historical gem spans three addresses: 1801 & 1803 Adams Street and 7625 Hickory Street, totaling approximately 3,143 square feet of rentable space.
Currently 90% occupied, this turnkey asset brings in $10,300/month in gross rental income with only 30% in operating expenses—delivering a solid 10% cap rate. All units are rented furnished, and furniture is included in the sale. Even better, the leases include all utilities and WiFi, which makes the property especially attractive for students and short-term renters looking for convenience and value.
An optional on-site storage container is also available and can be purchased separately if desired.
The property has been well maintained and offers flexibility for future use. With its location, layout, and income performance, this could easily be converted to a group home, assisted living, or senior housing facility.
Whether you're looking to expand your portfolio or step into a cash-flowing property with minimal effort, this one checks all the boxes.
Location
State LA
County Orleans
Zoning UNK
Interior
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Other
Sewer Public Sewer
Water Public
Others
Tax ID 716301509
Special Listing Condition None
Listed by Nola Home Realty Group