Active
824 ROYAL Street
New Orleans LA, 70116
$3,575,000
$431.61 per sqft
Active
10 Beds
11 Baths
8,283 sqft
Multi-family
Built in 1814
Courtesy of Michael Wilkinson with FQR Realtors
Premium Commercial/Residential property centrally located on one of the best blocks of Royal Street in the French Quarter. New Orleans culture has never been more alive at any other property! Walking distance to St. Louis Cathedral, Jackson Square & the French Market--making this a high-demand area for all investors in search of a classic income producing property that stays steadily, fully occupied. Annual Rental Income ~$225,600/year across all units ($18,800/month).
With excellent street visibility for the commercial space opening onto Royal Street, this property is sure to pique interest in the bustling foot traffic of this area of the Quarter. Current tenant of commercial space has been there for many years. Property offers one, 1st floor commercial space + 8 residential units total (studios, 1BR & 2BR units). 3-story front house includes commercial on 1st floor level. gorgeous & spacious 2BR/2BATH unit with balcony overlooking Royal on 2nd floor and another 2BR/2BATH unit on the 3rd floor. Back house includes two 1BR/1BATH units and four studio/1BATH units. Both houses surrouding a large, lush courtyard area with indoor and outdoor stair access to units. Carriage way entry area can easily be converted into parking for 3+ cars with curb cut out already in place.
First time on the market in over 70 years! Don't miss your chance to own a piece of rare history in the New Orleans French Quarter.
2436039
MLSⓇ ID
February 27, 2024
Listed
December 5, 2024
Updated
Map
824 ROYAL Street
New Orleans LA, 70116
Interior Features
Total Stories
3
Bedrooms
10
Total Bathrooms
11
Full Bathrooms
10
Half Bathrooms
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ductless, Wall Unit(s)
Heating
Yes
Heating Description
Central, Ductless, Wall Furnace
Exterior/Building Features
Exterior Features
Balcony, Courtyard, Fence
Lot Features
City Lot, Rectangular Lot
Architectual Style
Creole
Roof
Slate
Sewer
Public Sewer
Other Property Details
Days on Market
1011
Garage
No
Parking
Attached, Covered, Three or more Spaces
View
No
County
Orleans
Water Source
Public
Pool
No
Pool Features
None
Listing Contact: (504) 491-0484
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Data last updated 10:51 PM UTC, 12/5/2024