341315 Dryades St New Orleans, LA 70115

Nestled in the heart of Uptown New Orleans, this classic double shotgun residence offers an opportunity for renovation & transformation in a neighborhood experiencing a vibrant renaissance. Situated just 3 blocks from the iconic St. Charles Ave & a short stroll to Martin's Wine Cellar & Deli, the location is unparalleled.<br><br>Adding to the appeal, a significant mixed-use development is underway merely two blocks away at the corner of Louisiana and St. Charles Avenues. This 200,000-square-foot project will feature two apartment buildings—one four stories with 94 units, the other three stories with 20 units—and 18,000 square feet of ground-floor commercial retail space, enhancing the neighborhood's amenities and lifestyle.<br><br>The property itself sits on a generous 38' wide by 60' deep lot, complete with a driveway accommodating off-street parking for 3 or more vehicles ~ a rare find in this area. Each side of the double features a light-filled interior, with tall ceilings, original heart pine wood floors, and much of the historic charm and character intact. The flexible floor plan includes two bedrooms & one bath per unit; offering the potential to renovate as either a spacious single family home, or maintain as a double for rental income.<br><br>Beyond traditional renovation, consider the possibility of creating a live-work space, capitalizing on the mixed-use zoning in the area. Eligible for both Federal and State Historic Tax Credits which could recoup up to 45% of qualified rehabilitation costs. Alternatively, transform one unit into a flexible rental to generate additional income, taking advantage of the property's prime location near burgeoning commercial attractions.<br><br>Located in an X flood zone, this property combines historic allure w/ modern potential. Priced VERY competitively for the area, it presents a sound investment with promising upside post-renovation. Seize this opportunity to be part of Uptown's dynamic transformation.<br><br>