2501 Royal St
The Triplex on Royal: A Cut Above the Rest
Your next top tier investment
Step into The Triplex on Royal—a historic multi-family home in the sought-after Marigny neighborhood, blending timeless New Orleans charm with modern amenities.
2501 Royal St offers a rare opportunity for investors or owner-occupiers to enjoy neighborhood conveniences like Silk Road and Horns Cafe, plus the French Quarter just a short walk away. With market rents, long-term tenants, and potential savings from the fortified roof upgrade, this property promises both character and cash flow.
classic features.
The upstairs unit at 2501 Royal St retains its historic charm with original kitchen cabinets, an apron sink, and ample natural light.
Recent upgrades.
All three units, including the two renovated downstairs units, come with newer appliances and in-unit washers and dryers, offering modern convenience for tenants and less maintenance hassle for the owner. Whether you're living on-site or renting out all three units, this property combines the best of New Orleans character with contemporary ease, making it a smart and low-maintenance investment.
Historic charm:
Built by Nancy Schiro, this home is a true piece of New Orleans history. The Schiro family is famous. Schiro’s, a popular historic grocery, was once located across the street from 2501 Royal.
Victor Schiro was Mayor of the City of New Orleans through much of the bustling 1960s. In fact, when New Orleans Sq was opened at Disney, Mayor Schiro did the dedication!
Prime Proximity
One of the standout features of The Terrace on Royal is its ability to attract high-quality tenants thanks to the vibrant community and lifestyle it offers. With front-terrace views of parades and a lively neighborhood atmosphere, this property appeals to tenants looking to immerse themselves in the charm of New Orleans. It’s also ideal for an owner looking to live on-site and offset their investment with rental income from the other two units, making it a smart, low-maintenance investment opportunity.
PROTECTED location
One of the standout features of this property is its desirable flood zone classification – flood zone X. Rest easy knowing your place is safeguarded against unnecessary risks.
The property's location on higher ground will also help by lowering overall property insurance premiums.
Flexible living options
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Stellar investment
Projected market rents total $5,400/month, offering strong cash flow potential in a high-demand neighborhood, making it an good investment for long-term returns.
Vacation with Income
Use it as your personal getaway while letting the rental income from the other two units cover costs. Ideal for frequent visitors to NOLA who want a home base in the city.
live on-site & rent out
Enjoy living in the stunning owner’s unit while renting out the two downstairs to offset expenses. An ideal option for those looking to blend home ownership with income potential.
income potential
Happy tenants who pay rent on time make this triplex a smart and stress-free investment. With projected market rents of $5,400/month, the property offers great income potential.
Units 1 ($2,000/month) and 3 ($1,200/month) are on month-to-month leases, while Unit 2 ($1,400/month) will start month-to-month in December. Whether you choose to live in one unit or rent all three, you can count on steady returns.
Ask about current lease terms & market-rate rents.
** Property management options available. ***
Tenants pay electric bills.
Exclusive Seller Offer: Fortified Roof Upgrade for Major Savings
The seller is offering a Certified Fortified Roof upgrade, designed to withstand severe weather for added durability. This investment can reduce insurance premiums by up to 50%, offering significant long-term savings. With the potential to lower ownership costs, the roof upgrade adds substantial value to the property, making it a smart financial benefit for any buyer.
Major Perk: Buyer’s Agency Fees Covered
The owner has agreed to cover all reasonable buyer’s agency fees at closing, a huge benefit for buyers, especially with the recent changes to real estate laws. This significantly lowers upfront costs for the buyer, making the investment even more appealing.
With reduced fees, combined with other perks like the Certified Fortified Roof upgrade and insurance savings, this is a deal you don’t want to miss.
Great for movers and Shakers
Whether you're relocating or expanding your portfolio, this property blends historic charm with modern updates.
With happy tenants and projected market rents of $5,400/month, it’s an ideal long-term investment.
The option to upgrade to a Certified Fortified Roof and seller paid buyer agency fees offers additional savings, while the vibrant location ensures high tenant demand.
This triplex offers both financial rewards and a unique New Orleans lifestyle.
TOP FLOOR
Ground floor
Inquire for More Information:
- Insurance quote at $5,100 for the property.
- Local contractor commitment to install a Certified Fortified Roof for $15,000, significantly reducing insurance costs.
- All property disclosures.
- Detailed list of all improvements and upgrades made to the property.
- Comps available supporting projected market rents of $5,400/month.
- Showings can be arranged for qualified buyers with 48 hours' notice.
Seize your opportunity today
Don’t miss your chance to own a piece of Marigny’s history while securing your financial future.
Ready to make this yours? Serious inquiries with prequalification or proof of funds can schedule showings to experience the charm and potential firsthand. The asking price just $665,000.
MORE ON COOL MURPHY REAL ESTATE
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Cool Murphy, LLC consists of licensed REALTORS® in the state of Louisiana. Our brokerage is moder and cloud-based with mailing addresses at 904 St Ferdinand St, New Orleans, LA 70117. We serve the Greater New Orleans area and are happy to refer great agents in other places.
Our office number is 504-321-3194.