One segment of the New Orleans condo that is often overlooked are these small condo associations that are scatted through out the city. Most of these units in Uptown, Garden District and Mid City. This condo association is in mid city in a great historical neighborhood. Its two four plexes that started out as apartments then were converted into condos. They just blend into the residential neighborhoods of New Orleans.
The interesting comment is that most of these are in residential New Orleans neighborhoods rather than on main streets or around commercial properties. The turnover in these style units tends to be less than in the larger complexes.
There have been several in and around Tulane and Loyola University which are suited for students, residents and other first time home buyers. Many will not have parking but street parking is easy and this does not bother many.
The resales have been good so long as the condos are well maintained. The developers of these types of units are a key factor in future values. Many are just thrown together and while others are well thought out.
Most of the buildings were once small apartment complexes that were built in the 1920′s or 1930′s. Many were large homes that were divided into apartments many years ago. The zoning allowed this in those days. Most of the complexes are in the more historic neighborhoods of New Orleans.