2832 Pauger St, New Orleans, LA 70119

Here is an opportunity to acquire 2 well positioned properties featuring majority brick construction, proven rental histories, and notable upside potential — whether through rent appreciation, the development of Annette's adjoining multifamily-zoned vacant lot, or a refinance event following seasoning of the portfolio.

2831 Pauger Street is a stabilized 9-unit complex in the vibrant historic 7th Ward on a corner lot, comprised of four duplexes and one single-family residence side-by-side. The property benefits from a mix of long-term subsidized and self-paying tenants — a hallmark of low-turnover & low-maintenance operations. Brick construction throughout offers durability to come and the commercial multifamily zoning provides flexibility for future repositioning. Located minutes from St. Augustine High School, Dillard University, the French Quarter, and City Park.

The Annette Street property is a stable low-maintenance Triplex a few blocks over on a 6,400 SF corner lot, with an adjoining Duplex-zoned vacant lot that is also being included in sale. Property also qualifies for more favorable residential refinancing. Updates including: a new warranted Fortified Roof, dual-pane windows, solar system nearly covering all electric costs, LVP flooring throughout, and a 2–3 car gated driveway with carport. Representing compelling long-term upside in a rapidly appreciating submarket.

Seller is offering owner financing at 1,150,000 Purchase price, 11% down, 6.95% fixed rate, on a 30-year amortization with a 24-month balloon term. Non-negotiable balloon at 2 years. NO Preferred equity - NO Seller Second positions.