Investor Opportunity – Income, Flexibility, and Historic Charm
1328 Esplanade Avenue offers a rare combination of income potential, location, and owner-occupant flexibility in one of New Orleans’ most desirable historic corridors—just three blocks from the French Quarter. This meticulously maintained 5-plex features five 1-bedroom, 1-bath units, each with private entries and outdoor spaces. The current layout supports multiple configurations, including a high-performing short-term rental strategy.
In one of the most lucrative setups, the two upper units can be combined into a licensed luxury 2-bedroom Airbnb—projecting annual STR revenue of approximately $65,000—while the remaining three units generate street rents of up to $2,000/month. The fifth unit offers an ideal owner-occupied residence or pied-à-terre, allowing the buyer to live on-site while enjoying an estimated $10,700/month in gross income.
Additional highlights: Fully licensed Airbnb unit with Superhost status and 5-star reviews Sewer line replaced in 2020 from back cottage to street Five separate electric and gas meters Shared laundry facility with 3 washers & dryers One off-street parking spot Zoned HMR-2 | Flood Zone X Whether you’re seeking a hybrid live/rent setup or a high-yield, diversified investment, this income-producing property offers immediate returns and long-term upside in a prime location.
