Mixed-Use Raised Double
4031 ST CLAUDE Avenue New Orleans, LA 70117
For Sale
$320,000
COMMERCIAL - New Orleans, LA
Property Size1,799 SF
Price / SF$177.88
Days on Market264
Property Features for 4031 ST CLAUDE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HMC-2
Parking features
Driveway
Standard status
Active
APN
4031-STCLAUDEAV
Size
1,799 SF
Taxes and HOA fees
Tax Description
SQ 411 LOT 8 ST CLAUDE 30 X 117 2 STY DOUBLE 2001 ASSESSED 39W208906 4031-33 ST CLAUDE AVE
Utilities
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Patrick Knudsen · License #000076564
(504) 862-0100
Added: Nov 5, 2025
Changed: Jun 17
Last Checked: Jul 27 at 1:06PM
MLS# 2529436
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 commercially zoned raised double offers a mixed-use configuration with residential tenants in the upper units and workshop and music studio spaces on the ground floor. The property presents an opportunity for redevelopment or adaptive reuse under HMC-2 zoning, with a current structure that supports both live-work-style use and creative production space.
Located at 4031 St Claude Avenue within the Historic Marigny/Treme/Bywater Commercial District, the site is positioned along the St. Claude Corridor Cultural District area. The seller notes the property is preliminarily qualified as a contributing structure for Historic Tax Credits related to the corridor cultural district. All current lease agreements are month-to-month, providing flexibility for new ownership.
For buyers and operators, this setup can support a range of concepts consistent with commercially zoned use, including hotel/motel and commercial short-term rental, as well as recording studio, art gallery, studio space, or other permitted options under the New Orleans Comprehensive Zoning Ordinance. The sale is “as is, where is,” with a Waiver of Redhibition to be executed and included in the sale documents.
Located at 4031 St Claude Avenue within the Historic Marigny/Treme/Bywater Commercial District, the site is positioned along the St. Claude Corridor Cultural District area. The seller notes the property is preliminarily qualified as a contributing structure for Historic Tax Credits related to the corridor cultural district. All current lease agreements are month-to-month, providing flexibility for new ownership.
For buyers and operators, this setup can support a range of concepts consistent with commercially zoned use, including hotel/motel and commercial short-term rental, as well as recording studio, art gallery, studio space, or other permitted options under the New Orleans Comprehensive Zoning Ordinance. The sale is “as is, where is,” with a Waiver of Redhibition to be executed and included in the sale documents.
Key Highlights
- High‑visibility property in a creative and culturally rich neighborhood.
- Commercially zoned in the Historic Marigny/Treme/Bywater Commercial District, offering redevelopment potential.
- Permitted uses include Hotel/Motel, Commercial Short‑Term Rental, Recording Studio, and more.
Financial Insights For Mixed Use
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 | $43.2k | $24.00 |
| − Vacancy | −$4.3k | −$2.40 |
| EGI | $38.9k | $21.60 |
| − OpEx | −$14.6k | −$8.10 |
| NOI | $24.3k | $13.50 |
1,799 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$347.0K
$303.6K – $404.8K
NOI $24,287 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.2K
$400.1K – $533.5K
NOI $32,007 @ 7.0% cap · market cap 10.00%
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?
Mixed-use property - Raised double mixed-use property with ground-floor studios and month-to-month residential tenants.
Where is this mixed-use property located?
The property is located at 4031 ST CLAUDE Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: High‑visibility property in a creative and culturally rich neighborhood.; Commercially zoned in the Historic Marigny/Treme/Bywater Commercial District, offering redevelopment potential.; Permitted uses include Hotel/Motel, Commercial Short‑Term Rental, Recording Studio, and more.
