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    The Largest CRE Database in the US with Over 1 Million Listings

    1019 St Peter St New Orleans, LA 70116

    Sponsored
    For Sale
    $1,299,500

    Creole Cottage, Duplex - New Orleans, LA

    Type:Duplex
    Property size:
    3,742 SF
    Lot size:
    0.07 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 29 at 10:06 am

    Property Features for 1019 St Peter St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Laundry
    EntryLevel
    2
    Exterior features
    Balcony, Courtyard, Fence, Pond, Security Cameras
    Fencing
    Fenced
    Size
    3,742 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Building materials
    Stucco
    Roof type
    Slate
    Architectural style
    Cottage

    We can help!

    Listing Contact
    Michael Styles
    Michael Styles

    HODC LLC dba Keller Williams Realty New Orleans (504) 862-0100

    Listing agent Michael Styles (504) 862-0100

    Listing date Jan 20, 2026

    MLS# 2511365 Listing URL

    Copyright © 2026 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Historic Creole Cottage in French Quarter

    This historic Creole Cottage, constructed in 1809, is located in the heart of the French Quarter. The property, a recipient of a 2016 Merit Award from the Vieux Carré Commission for exceptional masonry restoration, underwent a meticulous five-year restoration completed in accordance with the National Standards for Historic Rehabilitation. The property includes a main house and carriage house, both featuring purple slate roofs with copper flashing. The home has been fully rewired and replumbed with all copper piping and a hot water circulation system. Interior walls are finished in authentic Creole plasterwork. The kitchen showcases early 1800s floor tiles imported from Provence and custom mahogany cabinetry built on-site. Antique Murano glass chandeliers adorn the living room, dining room, and guest bedroom, while the upstairs living area includes built-in mahogany cabinetry, a hidden TV lift, and audio system. The primary suite includes a copper and nickel soaking tub, spacious double shower, custom wainscoting, hidden laundry, and built-in storage. The landscaped flagstone courtyard features a sugar kettle fountain koi pond surrounded by citrus trees and roses. The carriage house includes its own modern kitchen, slate countertops, two bedrooms, a full bath and a half, and in-unit laundry. The property is located in Flood Zone X. The property contains 3,742 square feet on a 0.0723-acre lot.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.065
    Latitude
    29.968

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    FAQs

    What type of property is this?
    Duplex - Restored 1809 Creole Cottage with modern amenities in New Orleans.
    Where is this duplex located?
    The property is located at 1019 St Peter St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,299,500.
    What are key features of this property?
    This property features: - Historic 1809 Creole Cottage in the Heart of the French Quarter: A rare opportunity to own a meticulously restored piece of New Orleans history.; - Award-Winning Restoration: Completed in accordance with National Standards for Historic Rehabilitation.; - High-End Updates and Finishes: Features fully updated electrical and plumbing systems, custom mahogany cabinetry, antique Murano glass chandeliers, and a luxurious primary suite.
    (504) 777-1773
    Request Owner's contact information
    1019 St Peter St New Orleans, LA 70116
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    New Orleans, LA 70116
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1019 St Peter St New Orleans, LA 70116
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    We can help!
    Listing Contact
    Michael Styles
    Michael Styles
    Real Estate License ID: 995690479
    (504) 777-1773
    Learn more
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