3413 15 DRYADES ST Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70115
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,456 sqft
Price per Sqft $120
MLS Listing ID 2489242
Bedrooms 4
Full Baths 2
Year Built 1940
Property Sub-Type Duplex
Property Description
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.
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.
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.
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.
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.
Location
State LA
County Orleans
Interior
Heating Multiple Heating Units,Window Unit
Cooling 3+ Units,Window Unit(s)
Laundry In Unit
Exterior
Exterior Feature Courtyard,Fence,Porch
Parking Features Driveway,Three or more Spaces
Pool None
Roof Type Shingle
Building
Lot Description City Lot,Rectangular Lot
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Others
Special Listing Condition None
Virtual Tour https://my.matterport.com/show/?m=6ZamGZAd8S2