Furnished Short-Term Rental
For Sale
$239,000
1031 Henriette Delille St, New Orleans, LA 70116
Six furnished condominium units offer flexible short-term, corporate housing, and long-term rental use near the French Quarter.
Property Size750 SF
Price / SF$318.67
Days on Market49
Property Features for 1031 Henriette Delille St
General Information
Standard status
Active
Size
750 SF
Property subtype
Residential
Site & Location
Neighborhood
French Quarter
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Anthony Neeson · License #995699516
(985) 507-0076
Source:
Exprealty
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 28 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Services
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Investment Insights
Based on property information with market context.
This portfolio includes six fully furnished condominiums, each measuring approximately 750 square feet. The units combine historic character with modern conveniences and may be acquired individually or together as a multi-unit package. Several residences have documented historical short-term rental revenue, while the configuration also supports corporate housing and long-term tenancy.
Located at 1031 Henriette Delille St in New Orleans, the property sits just outside the historic French Quarter. The improvements include off-street parking and a shared courtyard. The combination of furnished units, multiple acquisition options, and established short-term rental history provides a range of operating formats for the portfolio.
Located at 1031 Henriette Delille St in New Orleans, the property sits just outside the historic French Quarter. The improvements include off-street parking and a shared courtyard. The combination of furnished units, multiple acquisition options, and established short-term rental history provides a range of operating formats for the portfolio.
Key Highlights
- Six fully furnished condominium units
- Approximately 750 square feet per unit
- Units available individually or as a complete portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,729
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,580
$174.6K
Cap Rate 7%
$124,700
$124.7K
Cap Rate 9%
$96,989
$97.0K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$17.5K $23.28/SF
− Vacancy
−$1.6K −$2.12/SF
EGI
$15.9K $21.16/SF
− OpEx
−$7.1K −$9.52/SF
NOI
$8.7K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,580
Cap Rate 7%
$124,700
Cap Rate 9%
$96,989
Alternative Uses
Best Use
Apartment 5plus
$124.7K
$109.1K – $145.5K
NOI $8,729 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$190.6K
$166.8K – $222.4K
NOI $13,344 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,536
Businesses Nearby
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Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Six furnished condominium units offer flexible short-term, corporate housing, and long-term rental use near the French Quarter.
Where is this short term rental property located?
The property is located at 1031 Henriette Delille St New Orleans, LA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Six fully furnished condominium units; Approximately 750 square feet per unit; Units available individually or as a complete portfolio
