New Orleans Destined for Condos? (26. April 2006, 05:31 by Derek Young) ~ Buy A Classic!

Are you in the market for a building that is aspiring to go condo? Hitting our inbox today is the New Orleans on North G Street. For a few bucks more than a $million, you can have a 13 unit building in a great neighborhood. The comps on this building aren’t about rentals. It’s all about condo from what we hear. Go for it.

A little history – The New Orleans was one of the first ‘desirable’ apartment buildings in Tacoma. It was built in 1907 in the middle of the Stadium district with a fairly prominent view of the neighbhorhood, the water, and Stadium High School. Architect Frederick Heath designed the original seven unit building for William Vrietenburg. The building changed hands several times during its first two decades in the neighborhood and the floor plans changed with each owner. By 1927 the building was up to twelve units from the original seven. The building represents one of the few wood frame apartment buildings in a neighborhood full of brick buildings. It could definitely be distinctive.

Here’s what I’d love to see. Buy the building and convert it back to its original seven units. It hasn’t been that way in… ninety years, but I can always dream.

Listed with Paragon Real Estate Advisors

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It would make for a great condo. I hate to endorse condos everywhere, but this is an area that already has higher density.

What is troublesome though is the trend to take the large houses around Yakima and turn them into condos.

That’s sad. I guess it might be better than many of their current state as apartments, however, it would be nice to see them restored as large houses again.

1 | Posted by James | Apr 26, 08:43 PM

What is troublesome though is the trend to take the large houses around Yakima and turn them into condos.

I can’t actually think of any recent house conversions. The McCormick House has been apartments for decades. There are a few others in the area that have been cut up for a while. Have any gone that way recently?

2 | Posted by Derek | Apr 26, 09:14 PM

Look at this one.

Can we say butchered

3 | Posted by James | Apr 26, 10:02 PM

OOOps.

Look at this one old mansion

4 | Posted by James | Apr 26, 10:06 PM

Remember scappy Rustan.

Now they have a condo selling there for 1.1M.

Wow. Problem is, it looks like a toy model

Wait. It is a toy model. At least until its built.

Sign…Tacoma is always waiting for its ship to come in. One day..

5 | Posted by James | Apr 26, 10:10 PM

Regarding the old mansion – We’ve talked about the McCormick House here before. Yeah, it’s butchered and I wish it were put back to single family, but it’s also been a converted house for decades. So it isn’t a new trend. As I’ve looked into the history of our neighborhood I’ve found a lot of houses that were converted to apartments in the twenties and thirties. To me, there isn’t much hope that these conversions will go back to single family. What would worry me more is if some of those homes on Yakima now going for $1.2 million were bought to be cut up. I haven’t heard of any recent conversions.

6 | Posted by Derek | Apr 27, 06:46 AM

makes me want to find 12 friends and buy the place a co-op. Counting the space in the units only and not any common areas, that’s about $128 a square ft. I wonder how much each will go for once it’s renovated and re-sold under a mgmt company.

7 | Posted by Zora | Apr 28, 01:30 PM

Oh, well. Better than run down apartments I guess.

I heard that many of the mansions were converted in the 1970s when the city allowed just about anyone to do anything zoning wise.

8 | Posted by James | Apr 28, 03:43 PM

Commenting is closed for this article.

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  • Posted:26. April 2006, 05:31
  • Author: Derek Young
  • Category:
  • Comment Status:Closed

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