Historic Two-Wing Marigny
708 MANDEVILLE Street New Orleans, LA 70117
For Sale
$549,900
Pending
COMMERCIAL - New Orleans, LA
Property Size2,368 SF
Days on Market37
Property Features for 708 MANDEVILLE Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMR-3
- Standard status
- Pending
- APN
- 708-MANDEVILLEST
- Size
- 2,368 SF
Taxes and HOA fees
- Tax Description
- 1. SQ 162 LOT C OR LOT 20 2. MANDEVILLE 31X128 3. DBL/BR/V 11/RM S/R
Utilities
- Water source
- Public
Building Details
- Year built
- 1836
- Floors in Building
- 1
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Michael Styles · License #995690479
(504) 862-0100
Added: Jun 18
Changed: Jul 7
Last Checked: Jul 24 at 2:06PM
MLS# 2563673
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.
Built in the 1830s, 708 Mandeville is a historic Marigny home designed with a flexible two-wing layout and defined spaces that suit everyday living. The property offers six bedrooms and six baths, with a configuration that can separate guest, work, and living areas rather than forcing all rooms into pass-through flow. A side entrance adds additional convenience and flexibility for how the home can be used day to day. The home also includes private outdoor space.
The property is zoned HMR-3 and is described as being in flood zone X. It’s positioned between the French Quarter and Bywater, with easy interstate access. The listing notes proximity to Orange Couch, Who Dat Coffee Cafe, The Elysian Bar at Hotel Peter & Paul, Frenchmen Street, and Crescent Park, placing a range of dining, music, and entertainment within the surrounding Marigny area.
For tenants, buyers, or operators looking for a residence with practical room to spread out, the two-wing design supports a range of uses. One side can serve as a private retreat while the other can function as guest quarters, a home office, studio, gym, media room, or additional living space. Combined with the side entrance and private outdoor area, the layout is built to accommodate both hosting and day-to-day privacy.
The property is zoned HMR-3 and is described as being in flood zone X. It’s positioned between the French Quarter and Bywater, with easy interstate access. The listing notes proximity to Orange Couch, Who Dat Coffee Cafe, The Elysian Bar at Hotel Peter & Paul, Frenchmen Street, and Crescent Park, placing a range of dining, music, and entertainment within the surrounding Marigny area.
For tenants, buyers, or operators looking for a residence with practical room to spread out, the two-wing design supports a range of uses. One side can serve as a private retreat while the other can function as guest quarters, a home office, studio, gym, media room, or additional living space. Combined with the side entrance and private outdoor area, the layout is built to accommodate both hosting and day-to-day privacy.
Key Highlights
- Built in 1836 with Public water service
- 6‑bedroom, 6‑bath home with over 2,300 sq ft of living space
- Flexible two‑wing layout with defined spaces for guests, work, or separate living areas
Financial Insights For Apartment 5plus
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 | $55.1k | $23.28 |
| − Vacancy | −$5.0k | −$2.12 |
| EGI | $50.1k | $21.16 |
| − OpEx | −$22.5k | −$9.52 |
| NOI | $27.6k | $11.64 |
2,368 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$393.7K
$344.5K – $459.4K
NOI $27,561 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$601.9K
$526.6K – $702.2K
NOI $42,131 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - 1830s six-bedroom, six-bath home with private outdoor space and flexible two-wing layout plus side entrance.
Where is this single family property located?
The property is located at 708 MANDEVILLE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Built in 1836 with Public water service; 6‑bedroom, 6‑bath home with over 2,300 sq ft of living space; Flexible two‑wing layout with defined spaces for guests, work, or separate living areas
