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    2638 New Orleans St New Orleans, LA 70119

    For Sale
    $435,000

    Commercial - New Orleans, LA

    Lot size:
    0.07 Acres
    Days on Market:
    124
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 2638 New Orleans St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Hu-rd2
    Rooms
    Living Room
    Lot size
    0.07 Acres

    Building Details

    Floors in Building
    2
    Building materials
    Stucco, Wood Siding
    Architectural style
    Other

    Quintessential Realty, LLC (504) 676-1583 [email protected]

    Listing agent Ashley Henry (504) 676-1583

    Listing date Aug 13, 2025

    MLS# 2516807 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

    New Orleans Income Property Opportunity

    This property presents a prime investment opportunity with multiple income streams and value-add potential. Located in New Orleans, the property features a ground floor commercial space currently operating as a bar, generating a rental income of $1,600 per month, with market potential up to $2,500 per month. The commercial space includes two bathrooms and a full kitchen, making it suitable for conversion into a restaurant or other food and beverage concept. Upstairs, there are two 2-bedroom, 1-bath units that require renovation, with a projected rental income of $1,375 per month each after updates. Additionally, the property includes a separate 1-bedroom studio unit in a stand-alone house, with a potential rent of $1,000 per month, also requiring renovations. The lot size is 0.074 acres. The zoning is Hu-rd2. The property is located in Orleans County, Louisiana, with postal code 70119.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

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

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

    Similar Places Nearby

    Whiskey & Sticks, Seal's Class Act, LINK - Sports Bar, Lamara Coffee & Kitchen, The Original New Orleans Snack Box

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0664234
    Latitude
    29.98414

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    FAQs

    What type of property is this?
    Bar - Investment property with multiple income streams and value-add potential.
    Where is this bar located?
    The property is located at 2638 New Orleans St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - Four income streams from a single property.; - Includes a liquor license.; - Ground floor commercial space operating as a bar with potential to increase rent from $1,600 to $2,500/month.
    (504) 676-1583
    Request Owner's contact information
    2638 New Orleans St New Orleans, LA 70119
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    New Orleans, LA 70119
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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
    2638 New Orleans St New Orleans, LA 70119
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