2109-11 CHARTRES Street New Orleans, LA 70116
MULTI_FAMILY - New Orleans, LA
Property Features for 2109-11 CHARTRES Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Courtyard, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 2111 CHARTRES
- Size
- 3,000 SF
Taxes and HOA fees
- Tax Description
- SQ 153 LOT F 20 CHARTRES
Utilities
- Heating system
- Central, Ductless (Heating), Other (Heating)
- Cooling system
- Wall Unit(s), Central Air, Ductless
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Joshua Walther License #000076446 (504) 453-2277
Listing office Witry Collective, L.L.C. 3640 Magazine St, New Orleans, LA (504) 291-2022
Listing date Sep 2, 2025
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
An additional value-add is described as a 450-square-foot electrified detached brick workshop that remains undeveloped. The listing notes the property has an active B&B license and is versatile for multiple use scenarios.
The detached workshop provides supplemental enclosed space for potential studio, home office, or storage uses, while the three-residence layout supports flexible occupancy based on the operator’s needs.
Key Highlights
- HMC‑1 zoned property in the Marigny Triangle steps from Frenchmen Street and minutes to the French Quarter
- Two updated 1‑bed/1‑bath units plus a spacious 2‑bed/1‑bath owner’s residence at the rear
- Currently used as an STR with an active B&B license; offered fully furnished
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $19.80 |
| − Vacancy | −$5.1k | −$1.71 |
| EGI | $54.3k | $18.09 |
| − OpEx | −$16.3k | −$5.43 |
| NOI | $38.0k | $12.66 |
