212327 Carondelet St New Orleans, LA 70130
Property details
About 212327 Carondelet St
Located just one block off the iconic St. Charles Avenue and nestled directly behind the renowned Pontchartrain Hotel and Avenue Plaza Hotel, this 14-unit apartment complex presents a rare value add opportunity in a AAA+ location in the heart of New Orleans. Consisting of two separate buildings—one with 12 units and the other with 2 units—the property offers a mix of studios, one-bedroom, and two-bedroom apartments, giving potential tenants a variety of options. With strong area fundamentals, high demand for quality rentals, and exceptional walkability, this is a prime value-add opportunity for an investor to execute either light cosmetic updates or full-scale renovations. Once improved, the property has the potential to generate over $17,000 in monthly rental income. Alternatively, the complex could be repositioned and sold off as individual condominiums, unlocking significant upside. Whether you're seeking steady cash flow or a strategic redevelopment play, this asset sits in one of the most desirable and resilient rental markets in the city.
Highlights
Summary
- Full Bathrooms: 14
- Total Bedroom Count: 16
- Parking: None
- Architectural Style: Other
- Heating: Other
- Cooling: Window Unit(s)
- List Price: $1,400,000
- Price/SqFt: $186
- Lot: City Lot, Rectangular Lot
- Year Built: 1920
- Stories: 3
- Living Area: 7,511 SqFt
- MLS Number: 2495628
- MLS Name: NOMAR
- Office Name: Bridgewater Realty Advisors, LLC
- Office Phone: (504) 901-0463
- Office Email: mason@bridgewater.realty
- Listing Agent: Mason McCullough
- Agent Phone: (504) 298-8631
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Last updated on: 6/4/2025, 12:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,400,000
212327 Carondelet St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
1
Noble Minds
Public Charter KG-5
1.9 mi
•1333 S Carrollton Ave
7
Judge Lionel R. Collins Elementary School
Public District PK-5
2.2 mi
•500 Pine St
4
Joshua Butler Elementary School
Public District PK-5
2.5 mi
•300 Fourth 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 $70,203. The most common annual income of people living in New Orleans, LA is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hiking/backpacking
Live Theatre
Tennis
Where do the neighbors shop?
Bloomingdales
Crate & Barrel
Nordstrom Rack
Where do the neighbors go to eat?
Starbucks
Boston Market
The Cheesecake Factory
What do the neighbors drive?
Audi
Mercedes
BMW
What do the neighbors listen to?
Alternative
News- Rhythmic Contemporary Hits
Frequently asked questions
About 212327 Carondelet St
The listing price of 212327 Carondelet St property is $1,400,000.
The property 212327 Carondelet St is a condo located in New Orleans, Louisiana, 70130.
Active Listing: 212327 Carondelet St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 212327 Carondelet St are: Noble Minds (GreatSchools Rating 1/10), Judge Lionel R. Collins Elementary School (GreatSchools Rating 7/10), Joshua Butler Elementary School (GreatSchools Rating 4/10), Samuel J. Green Charter School (GreatSchools Rating 6/10), Kipp Central City (GreatSchools Rating 4/10), Wilson Charter School (GreatSchools Rating 4/10), Sophie B. Wright Institute of Academic Excellence (GreatSchools Rating 4/10), Rooted School (GreatSchools Rating 2/10), New Orleans Charter Science and Mathematics High School (GreatSchools Rating 3/10).
The property at 212327 Carondelet St has 16 bedrooms and 14 bathrooms.
The property 212327 Carondelet St is 7,511 SqFt (source: MLS/tax record).
The year of construction for 212327 Carondelet St is 1920.
This home is located at 212327 Carondelet St in New Orleans, LA and zip code 70115 in the Uptown / Carrollton neighborhood. This 7,511 square foot home was built in 1920. Features: 16 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since April 8, 2025 and is currently priced at $1,400,000.
In May 2025 more than 32 listings in New Orleans, LA were sold above the asking price. During the same period more than 62 listings were sold at asking price, while more than 221 were sold below. The number of listings in New Orleans, LA increased by 9.6% between April and May 2025. The median list price of listings available in May 2025 was $328,910, while the average time on the real estate market was 67 days.