$8,669 Closing Credit¹
#2477808, Elizabeth McNulty, Listing Office: LATTER & BLUM (LATT28)
$776,268 List price
1111 Tulane Ave Unit 721 New Orleans, LA 70112
$9,218
Closing credit¹
2 beds
2 full
1,265 sqft
$614 / sqft
Condo
Property details
About 1111 Tulane Ave Unit 721
High-Yield Investment Property in Downtown New Orleans This 1,200 sq. ft. corner unit in a prime downtown location has generated $45k YTD in 2024, with a signed contract for a 30+ day stay during the Super Bowl for the production crew. Revenue from this contract will cover the annual expenses for the unit, allowing positive cash flow from February onwards. Unit Features: Layout: Spacious corner unit with two king suites, each featuring en-suite baths, walk-in closets, and luxury hotel-style bedding. Views: Expansive windows offer city views from every room, including the historic Roosevelt Hotel and the Superdome. Living Space: Modern design with high ceilings, a fully-equipped kitchen, and a large living room perfect for relaxing or entertaining. Amenities: Access to a shared rooftop terrace, fitness center, game room, and media room with Dolby surround sound, a 100" projector screen, and a full wet bar. Location: Proximity: Walking distance to the French Quarter, Superdome, Canal Street, Bourbon Street, and key city attractions like the Saenger Theatre, Convention Center, and WWII Museum. Transportation: Convenient access to public transit and rideshare services, with parking available on a first-come, first-served basis in the building's garage. Investment Highlights: High Occupancy: Consistently high occupancy rate in 2024, with $75k YTD revenue. Super Bowl Contract: A signed 30+ day stay during the Super Bowl production crew, covering annual expenses and allowing positive cash flow starting in February. Zero Management Required: The building handles all common areas, and a professional management company takes care of bookings, housekeeping, and maintenance for a 10% fee. Ideal for Absentee Owners: Turnkey Investment: No management needed for this fully serviced unit. Furnishing: Willing to sell fully furnished, with a few vintage items negotiable. This property offers a rare opportunity for out-of-state investors looking for a high-performing, low-maintenance unit in one of New Orleans’ most desirable locations.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air, Single Unit
Size1,265 sqft
Year built1950
MLS #2466708
Summary
- MLS Number: 2466708
- MLS Name: NOMAR
- Office Name: Realty One Group Immobilia
- Office Phone: (504) 405-3211
- Office Email: karenclokedavis@gmail.com
- Listing Agent: Isabella Finnell
- Agent Phone: (504) 233-4751
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Last updated on: 3/15/2025, 10:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$776,268
1111 Tulane Ave Unit 721
$9,218
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
6
Elan Academy Charter School
Public Charter PK-5
1.9 mi
•709 Park Blvd
2
McDonogh No.26 Elementary School
Public District PK-5
2.3 mi
•1200 Jefferson St
10
Gretna No. 2 Academy for Advanced Studies
Public Magnet PK-5
2.8 mi
•701 Amelia St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,928. Most New Orleans, LA residents have annual incomes less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
54%
<35k
37%
35k-100k
3%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
86%
Single, No Kids
1%
Single, with Kids
12%
Married, No Kids
1%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
1%
<11 yrs old
1%
12-17 yrs old
61%
18-34 yrs old
33%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1111 Tulane Ave Unit 721
This home is located at 1111 Tulane Ave Unit 721 in New Orleans, LA and zip code 70112 in the Central Business District neighborhood. This 1,265 square foot home was built in 1950. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $776,268.
While more than 30 listings in New Orleans, LA in February 2025 were sold above asking price, there were more than 35 listings sold at asking price, and more than 168 were sold below. The number of listings in New Orleans, LA increased by 10.5% between January and February 2025. In February 2025, listings were on the market for 83 days. During the same period, the median list price in this real estate market was $328,998.
From Rocket Homes Real Estate and based on county public records data.