Looking for an affordable real estate investment in New Orleans, Louisiana? This two-unit property at 1008-10 Charbonnet Street offers an opportunity for investors, contractors, and buyers looking to take on a major renovation project.
Listed for approximately $99,500, this traditional duplex features a total of 6 bedrooms, 2 full bathrooms, and approximately 2,000 square feet of interior space. Built in 1961, the property sits on a city lot measuring approximately 3,600 square feet in the Holy Cross neighborhood of New Orleans.
The building consists of two separate units, each offering approximately 1,000 square feet of space. According to the listing, each unit is designed with three bedrooms and one bathroom, creating a layout that could offer flexibility for future rental or owner-occupancy plans once the property is completed.
One of the major advantages for renovation-minded buyers is that the building has already been gutted. Much of the demolition work has been completed, leaving a blank canvas for someone ready to plan the interior from the ground up. A new metal roof is also in place, providing an important improvement before the next stage of construction begins.
The property has a raised foundation, traditional exterior design, wood siding, and a front porch. Additional features include a fenced yard, off-street parking, public water, and public sewer. Energy-efficient windows are also noted in the listing.
For investors, the two-unit configuration may provide an opportunity to create separate living spaces and explore potential rental income after the necessary work is finished. Buyers should carefully calculate renovation expenses, contractor costs, insurance, taxes, and realistic rental income before deciding whether the numbers make sense.
Located in the Holy Cross area of New Orleans, the property offers access to the wider city and its amenities. However, buyers should investigate local flood and insurance considerations independently, even though the listing describes the property as being in an X flood zone.
This is not a move-in-ready property. The interior renovation will require careful planning, professional assessments, and potentially substantial investment. Buyers should also verify the condition of the structure, electrical and plumbing systems, HVAC requirements, permits, and applicable building codes.
Property Details
- Asking price: Approximately $99,500
- Location: New Orleans, Louisiana
- Bedrooms: 6 total
- Bathrooms: 2 full bathrooms
- Living space: Approximately 2,000 square feet
- Lot size: Approximately 3,600 square feet
- Year built: 1961
- Property type: Duplex / multifamily property
- Units: 2
- Features: New metal roof, front porch, fenced yard, off-street parking, and raised foundation
- Utilities: Public water and public sewer
- Condition: Fully gutted and requiring substantial interior renovation
For buyers with renovation experience, this New Orleans duplex offers a chance to transform an unfinished multifamily property into a customized investment. The potential outcome will depend on the renovation budget, local regulations, and the final quality of the completed work.
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