Prime Uptown Location – Long-Term Investment Opportunity!
Rare offering in one of New Orleans’ most sought-after corridors. This 28-unit apartment building with 28 parking spaces, is just blocks from Tulane and Loyola Universities, the Freret Street corridor, and the new Trader Joe’s.
A unique opportunity for an investor or developer seeking to acquire a premier location with strong rental demand and/or future redevelopment potential. The property currently produces steady income and is ideally suited for long-term hold while planning for repositioning or conversion down the road. Properties of this scale and location rarely become available. A legacy investment with exceptional upside for the future!
Active under contract
$4,998,000
5402 Saint Charles Ave, New Orleans, LA 70115
36beds
27,000sqft
Multi Family, Apartment
Built in 1943
-- sqft lot
$-- Zestimate®
$185/sqft
$-- HOA
What's special
- 455 days |
- 46 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
John Weil 504-512-6339,
John Weil Realty, LLC 504-512-6339
Source: GSREIN,MLS#: 2502512
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 36
- Bathrooms: 28
- Full bathrooms: 28
Heating
- Heat Pump
Cooling
- Central Air, Ductless, Window Unit(s), Wall Unit(s)
Interior area
- Total interior livable area: 27,000 sqft
Property
Parking
- Parking features: Assigned
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 0.73 Acres
- Dimensions: 80 x 135/287 x 308
- Features: City Lot, Oversized Lot
Details
- Parcel number: 614229301
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Apartment
Materials
- Block, Concrete
- Foundation: Slab
- Roof: Slate
Condition
- Very Good Condition
- Year built: 1943
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $2,935,300
- Annual tax amount: $38,743
- Date on market: 4/14/2025
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Contingent | $4,998,000$185/sqft |
Source:  GSREIN #2502512 Report a problem | ||
| 5/21/2026 | Listed for sale | $4,998,000$185/sqft |
Source: GSREIN #2502512 Report a problem | ||
| 5/21/2026 | Contingent | $4,998,000$185/sqft |
Source: GSREIN #2502512 Report a problem | ||
| 4/30/2026 | Price change | $4,998,000-7.4%$185/sqft |
Source: GSREIN #2502512 Report a problem | ||
| 2/4/2026 | Price change | $5,400,000-10%$200/sqft |
Source: GSREIN #2502512 Report a problem | ||
| 10/20/2025 | Price change | $6,000,000-3.2%$222/sqft |
Source: GSREIN #2502512 Report a problem | ||
| 9/9/2025 | Price change | $6,200,000-7.5%$230/sqft |
Source: GSREIN #2502512 Report a problem | ||
| 5/20/2025 | Listed for sale | $6,700,000$248/sqft |
Source: GSREIN #2502512 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $38,743 | $293,530 |
| 2025 | $38,743 -1.5% | $293,530 |
| 2024 | $39,330 +1.6% | $293,530 +6.7% |
| 2023 | $38,695 +6.9% | $275,000 +6.9% |
| 2022 | $36,212 +0.6% | $257,350 +2.9% |
| 2021 | $35,988 -10% | $250,000 -9.1% |
| 2020 | $39,980 -3.8% | $275,000 |
| 2019 | $41,547 -1.2% | $275,000 |
| 2018 | $42,052 | $275,000 |
| 2017 | $42,052 -1.9% | $275,000 -51.1% |
| 2016 | $42,852 -50% | $562,060 +140.1% |
| 2015 | $85,764 | $234,080 |
| 2014 | $85,764 +143.3% | $234,080 |
| 2013 | $35,256 | $234,080 +17% |
| 2012 | -- | $200,000 |
| 2011 | -- | $200,000 |
| 2010 | -- | $200,000 |
| 2009 | -- | $200,000 |
| 2007 | -- | $200,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Audubon
Nearby schools
GreatSchools rating
- 7/10Benjamin Franklin Elementary Math And ScienceGrades: PK-8Distance: 0.3 mi
- NANew Orleans Charter Science And Mathematics High SchoolGrades: 9-12Distance: 0.4 mi
- 8/10Mary McLeod Bethune Elementary School of Literature & TechnologyGrades: PK-8Distance: 5.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
