Historic Multifamily Mansion with
2503 ST CHARLES Avenue New Orleans, LA 70130
For Sale
$2,599,000
MULTI_FAMILY - New Orleans, LA
Property Size7,757 SF
Lot Size0.18 Acres
Price / SF$335.05
Days on Market70
Property Features for 2503 ST CHARLES Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Off Street
Patio and Porch features
Porch, Patio
Exterior features
Balcony, Courtyard, Driveway Permeable Surface, Fence, Outdoor Entertainment Area Beyond Your Average Patio, Porch Screened In
Fencing
Fenced
Standard status
Active
APN
2501-STCHARLESAV
Size
7,757 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
SQ 232 LOT A OR 7 ST CHARLES & SECOND 63X125 FILE #10422 BP020000257 5/25/04 2005 H.E. RETURNED
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1880
Floors in Building
3
Number of units
3
Architectural style
Victorian
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Brittany Picolo · License #995687117
(504) 862-0100
Added: May 19
Changed: Jul 16
Last Checked: Jul 27 at 11:06AM
MLS# 2558699
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.
This historic Queen Anne Italianate mansion by Thomas Sully offers approximately 7,757 square feet of living space with 10 bedrooms and 9.5 baths. The residence features original inlaid floors, a grand staircase, soaring 14-foot ceilings, ornate moldings, and original fireplaces, along with a renovated gourmet kitchen and updated bathrooms. Recent improvements include a brand-new roof installed in 2024 and newer HVAC systems.
The property includes a third-floor apartment and a carriage house with full amenities, along with a private courtyard, balconies overlooking the St. Charles streetcar route, and a 4-car garage plus additional off-street parking. The building is situated on a small lot (0.181 acres) at 2503 St Charles Avenue.
Zoned HU-RM1 (Historic Urban Multi-Family Residential District), the layout provides flexibility for on-site living and income-producing use within a single, architecturally significant structure.
The property includes a third-floor apartment and a carriage house with full amenities, along with a private courtyard, balconies overlooking the St. Charles streetcar route, and a 4-car garage plus additional off-street parking. The building is situated on a small lot (0.181 acres) at 2503 St Charles Avenue.
Zoned HU-RM1 (Historic Urban Multi-Family Residential District), the layout provides flexibility for on-site living and income-producing use within a single, architecturally significant structure.
Key Highlights
- 1880 Victorian Queen Anne/Italianate mansion by Thomas Sully in New Orleans’ Garden District, with 7,757 approx. living SF
- 10 bedrooms and 9.5 baths, featuring original inlaid floors, grand staircase, 14‑foot ceilings, ornate moldings, and original fireplaces
- Updated gourmet kitchen with marble finishes, Wolf appliances, and Sub‑Zero refrigeration; renovated bathrooms
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 | $153.6k | $19.80 |
| − Vacancy | −$13.3k | −$1.71 |
| EGI | $140.3k | $18.09 |
| − OpEx | −$42.1k | −$5.43 |
| NOI | $98.2k | $12.66 |
7,757 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.64M
NOI $98,223 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,282 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,010 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Historic Queen Anne Italianate multifamily property with a private courtyard, third-floor apartment, and carriage house.
Where is this triplex located?
The property is located at 2503 ST CHARLES Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: 1880 Victorian Queen Anne/Italianate mansion by Thomas Sully in New Orleans’ Garden District, with 7,757 approx. living SF; 10 bedrooms and 9.5 baths, featuring original inlaid floors, grand staircase, 14‑foot ceilings, ornate moldings, and original fireplaces; Updated gourmet kitchen with marble finishes, Wolf appliances, and Sub‑Zero refrigeration; renovated bathrooms
