1111 Tulane Avenue Unit 721
New Orleans, LA 70112
- 2 beds
- 2 baths
- 1,265 sqft
- $607 per sqft
- 1950 build
High-Yield Investment Property in Downtown New Orleans This 1,200 sq. ft. corner unit in a prime downtown location has generated $45k YTD in 2024, with a signed contract for a 30+ day stay during the Super Bowl for the production crew. Revenue from this contract will cover the annual expenses for the unit, allowing positive cash flow from February onwards. Unit Features: Layout: Spacious corner unit with two king suites, each featuring en-suite baths, walk-in closets, and luxury hotel-style bedding. Views: Expansive windows offer city views from every room, including the historic Roosevelt Hotel and the Superdome. Living Space: Modern design with high ceilings, a fully-equipped kitchen, and a large living room perfect for relaxing or entertaining. Amenities: Access to a shared rooftop terrace, fitness center, game room, and media room with Dolby surround sound, a 100" projector screen, and a full wet bar. Location: Proximity: Walking distance to the French Quarter, Superdome, Canal Street, Bourbon Street, and key city attractions like the Saenger Theatre, Convention Center, and WWII Museum. Transportation: Convenient access to public transit and rideshare services, with parking available on a first-come, first-served basis in the building's garage. Investment Highlights: High Occupancy: Consistently high occupancy rate in 2024, with $75k YTD revenue. Super Bowl Contract: A signed 30+ day stay during the Super Bowl production crew, covering annual expenses and allowing positive cash flow starting in February. Zero Management Required: The building handles all common areas, and a professional management company takes care of bookings, housekeeping, and maintenance for a 10% fee. Ideal for Absentee Owners: Turnkey Investment: No management needed for this fully serviced unit. Furnishing: Willing to sell fully furnished, with a few vintage items negotiable. This property offers a rare opportunity for out-of-state investors looking for a high-performing, low-maintenance unit in one of New Orleans’ most desirable locations.
Last checked:
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Last updated Apr 27, 2025
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MLS# 2466708 —
The Building
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Year Built:1950
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Construction Materials:Concrete
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Architectural Style:Mid-Century Modern
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Building Area Total:1265
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Building Area Source:Condo Documents
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Roof:Flat
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Foundation:Slab
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Security Features:Building Security
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Accessibility Features:Accessibility Features
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Levels:One
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Stories:1
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Stories Total:9
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Unit Number:721
Interior
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Rooms Total:8
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Interior Features:Ceiling Fan(s), Elevator, Pantry, Stone Counters, Stainless Steel Appliances
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Living Area:1265
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Living Area Source:Condo Documents
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Fireplace:No
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Fireplace Features:None
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Laundry Features:In Unit
Financial & Terms
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Home Warranty:Yes
Location
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Cross Street:Elk, Common, S Rampart, Canal
The Property
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Property Type:Residential
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Property Subtype:Condominium
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Property Subtype Additional:Condominium
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Property Condition:Excellent
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Lot Features:City Lot
Listing Agent
- Contact info:
- Agent phone:
- (504) 405-3211
- Office phone:
- (504) 405-3211
Taxes
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Tax Legal Description:AS PER TITLE
Beds
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Bedrooms Total:2
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Current Price:$767,895
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:Yes
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Cooling:Central Air
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
The Community
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Community Features:Elevator, Common Grounds/Area, Public Transportation
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Pool Features:None
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Spa:No
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Pets Allowed:Other, Pet Restrictions
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Association:No
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Association Amenities:Clubhouse
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Association Fee 2:810
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Association Fee Includes:Common Areas, Water
Parking
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Parking Features:None
Extra Units
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# of Units Total:167
Monthly cost estimate
Asking price
$767,895
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,111
|
| Taxes | N/A |
| Insurance | $211 |
| Utilities | $111 See report |
| Total | $4,433/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/27/25
Apr 27, 2025
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Price Changed | GSREIN | $767,895 | -1.1% |
|
3/2/25
Mar 2, 2025
|
Price Changed | GSREIN | $776,268 | -8.1% |
|
9/9/24
Sep 9, 2024
|
Listed / Active | GSREIN | $845,000 | 34.9% (24.8% / YR) |
