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    1501-03 Marais St New Orleans, LA 70116

    Under Contract
    For Sale
    $699,000

    3 Plex, Creole Cottage - New Orleans, LA

    Property size:
    2,680 SF
    Days on Market:
    11
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 1501-03 Marais St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Laundry
    EntryLevel
    2
    Exterior features
    Balcony, Courtyard, Fence
    Fencing
    Fenced
    Size
    2,680 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    3
    Building materials
    Wood Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Cottage

    McEnery Residential, LLC (504) 605-4400 [email protected]

    Listing agent Rebecca Waxman (504) 605-4400

    Listing date Nov 26, 2025

    MLS# 2520667 Listing URL

    Copyright © 2025 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.

    Overview

    Historical Triplex Near French Quarter

    This historical triplex presents an opportunity for ownership of a multi-family property with income potential. Located a short walk from the French Quarter and Marigny triangle, the property features a central courtyard. The triplex includes three separately metered units. The downstairs unit has 3 bedrooms and 2 full bathrooms. The upstairs unit offers 2 bedrooms and 1 bathroom. A separate guest house at the rear of the property, with its own private entrance, includes one bedroom and one bathroom. Each unit showcases original hardwood floors, fireplaces, soaring ceilings, and functional wood shutters. The property provides possibilities for living or investment. The property has a 2023 roof. The property size is 2680 square feet and is located in New Orleans, LA.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0642086
    Latitude
    29.9689454

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    FAQs

    What type of property is this?
    Triplex - Historical triplex with income potential, near French Quarter and Marigny.
    Where is this triplex located?
    The property is located at 1501-03 Marais St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Historical triplex with significant income potential.; - Prime location: short walk to the French Quarter and Marigny.; - Three separately metered units offering flexible living/investment options.
    (504) 605-4400
    Request Owner's contact information
    1501-03 Marais St New Orleans, LA 70116
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    New Orleans, LA 70116
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    Realmo Value Estimation

    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.

    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.

    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
    1501-03 Marais St New Orleans, LA 70116
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