Mixed-Use Building with
For Sale
$1,135,000
601 EIGHTH Street, New Orleans, LA 70115
COMMERCIAL - New Orleans, LA
Property Size3,844 SF
Price / SF$295.27
Days on Market48
Property Features for 601 EIGHTH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CU
Lot features
Regular
Subdivision
Irish Channel
Standard status
Active
APN
601-8THST
Size
3,844 SF
Taxes and HOA fees
Tax Description
As Per Title
Legal Description
As Per Title
Utilities
Water source
Public
Building Details
Year built
1830
Floors in Building
2
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
Listed By:
Frederick Lemann
(504) 799-1702
Added: Jun 15
Last Checked: Aug 1 at 2:06PM
MLS# 2563128
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 corner property has been fully rehabilitated, with its origins dating back to the 1830s. The second-floor residence features a deep balcony, an open floor plan, a sophisticated kitchen, vaulted nickel gap ceilings, and heart pine flooring. The home provides three bedrooms and three baths. The ground-up rebuild includes new framing, structural beams, a fortified metal roof, and new plumbing and electrical, along with an ADA-accessible design and full fire safety compliance.
The property is offered for sale at 601 EIGHTH Street in New Orleans, LA 70115. Zoning is CU. The two units are currently occupied, and showings require ample notice.
For tenants, owners, and operators seeking a mixed-use setup, the layout provides residential living above an income-producing first-floor space. The substantial rehabilitation scope, including new structural and building systems and ADA accessibility, is designed to support day-to-day functionality and compliant occupancy. Because both units are occupied, prospective buyers and their representatives should plan their showing requests in advance to accommodate current tenants.
The property is offered for sale at 601 EIGHTH Street in New Orleans, LA 70115. Zoning is CU. The two units are currently occupied, and showings require ample notice.
For tenants, owners, and operators seeking a mixed-use setup, the layout provides residential living above an income-producing first-floor space. The substantial rehabilitation scope, including new structural and building systems and ADA accessibility, is designed to support day-to-day functionality and compliant occupancy. Because both units are occupied, prospective buyers and their representatives should plan their showing requests in advance to accommodate current tenants.
Key Highlights
- Complete ground‑up rehabilitation of a historic 1830‑era corner property with luxury residence and income‑producing 1st floor space
- 3 bed, 3 bath residence on the 2nd floor with an open floorplan and deep balcony
- Vaulted nickel gap ceilings and heart pine flooring throughout the 2nd‑floor home
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 | $83.0k | $21.60 |
| − Vacancy | −$8.3k | −$2.16 |
| EGI | $74.7k | $19.44 |
| − OpEx | −$28.0k | −$7.29 |
| NOI | $46.7k | $12.15 |
3,844 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$667.2K
$583.8K – $778.4K
NOI $46,705 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$418.4K
$366.1K – $488.1K
NOI $29,288 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,991 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in New Orleans, LA
Properties on Market for Mixed-use properties in New Orleans
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential unit above income-producing first-floor space, rebuilt with ADA accessibility and full fire safety compliance.
Where is this mixed-use property located?
The property is located at 601 EIGHTH Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: Complete ground‑up rehabilitation of a historic 1830‑era corner property with luxury residence and income‑producing 1st floor space; 3 bed, 3 bath residence on the 2nd floor with an open floorplan and deep balcony; Vaulted nickel gap ceilings and heart pine flooring throughout the 2nd‑floor home
