About 2039 Calhoun Street
Ideally located at Freret and Calhoun Streets, just steps from Tulane and Loyola Universities, 2039 Calhoun offers a fully leased 12-bedroom, 5,700+ SF student housing investment property. The property features a standalone four-bedroom unit on the ground floor and an eight-bedroom unit on the second and third floors. Currently leased to one group, the units can also be rented separately by closing a door. Each unit includes a full kitchen and in-unit laundry. With a commanding corner presence, direct sightlines to the universities, off street parking, and original historic details, the property has undergone extensive renovations, including a new roof, gutters, exterior paint, major siding and HVAC repairs, new flooring, updated bathrooms, new laundry units and many others. Centrally located in Uptown, just minutes from the Freret and Maple Street commercial corridors, the property is in constant high demand and ensures strong, stable rental income. The upper unit is fully leased for 2025-2026, and ownership is finalizing a lease for the ground floor. 2039 Calhoun Street is a rare opportunity in an unbeatable university location.
Features of 2039 Calhoun Street
| MLS® # | 2493890 |
|---|---|
| Price | $1,350,000 |
| Bedrooms | 12 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 5,788 |
| Acres | 0.00 |
| Year Built | 1905 |
| Type | Multi-Family |
| Sub-Type | Duplex, Other |
| Status | Active |
Community Information
| Address | 2039 Calhoun Street |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70118 |
Amenities
| Parking | Driveway, Off Street, Three or more Spaces |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Central, Multiple Heating Units |
|---|---|
| Cooling | CentralAir,WindowUnits |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Balcony, Courtyard, Porch |
|---|---|
| Lot Description | Corner Lot, City Lot, Irregular Lot |
| Roof | Shingle |
| Foundation | Slab |
Additional Information
| Days on Market | 208 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| Listing Provided By | Ben & Burka |