Four-Story Mixed-Use
1127 Decatur Street, New Orleans, LA 70116
For Sale
$1,275,000
Vacant retail and residential spaces are arranged across the main building and a separate two-story dependency.
Property Size5,058 SF
Lot Size0.08 Acres
Price / SF$252.08
Days on Market190
Property Features for 1127 Decatur Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Mixed-Use Components
Additional Details
Asking Price
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Crescent Sotheby's International
(504) 944-3605
Listed By:
Gary Douglas Adams
(504) 444-8670
Source:
Donaldjulienrealestate
Added: May 2
Changed: Nov 7
Last Checked: Nov 7 at 5:06PM
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 Crescent Sotheby's International
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Investment Insights
Based on property information with market context.
Dating to 1830, this 5,058-square-foot, four-story mixed-use property combines a Decatur Street storefront, a second-floor apartment, upper-level residential space, and an attic-level primary suite. The storefront retains original display windows. A side passage provides separate access to the upper floors and rear courtyard. The apartment includes a kitchen, bath, hardwood floors, original millwork, and a gallery. The third floor has two fireplaces and a private balcony; the attic suite features exposed timber, stained glass, a soaking tub, and laundry. A one-bedroom, two-story dependency with a two-sided fireplace stands beyond the courtyard. The property is currently vacant. The lot measures 3,484.8 square feet and carries VCC-1 zoning.
Located in the French Quarter, the building is one block from the French Market. The balcony overlooks the Crescent City Connection, Esplanade Avenue, and Decatur Street. The address is 1127 Decatur Street, New Orleans, Louisiana.
Located in the French Quarter, the building is one block from the French Market. The balcony overlooks the Crescent City Connection, Esplanade Avenue, and Decatur Street. The address is 1127 Decatur Street, New Orleans, Louisiana.
Key Highlights
- 5,058‑square‑foot building dating to 1830
- Four‑story main building with storefront, apartment, upper residence, and attic‑level primary suite
- Separate two‑story dependency with a one‑bedroom layout and two‑sided fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,283
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,660
$1.4M
Cap Rate 7%
$975,471
$975.5K
Cap Rate 9%
$758,700
$758.7K
Market Conditions
NOI Build-Up for 5,058 SF
Gross rent
$121.4K $24.00/SF
− Vacancy
−$12.1K −$2.40/SF
EGI
$109.3K $21.60/SF
− OpEx
−$41.0K −$8.10/SF
NOI
$68.3K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,660
Cap Rate 7%
$975,471
Cap Rate 9%
$758,700
Alternative Uses
Best Use
Mixed Use
$975.5K
$853.5K – $1.14M
NOI $68,283 @ 7.0% cap · market cap 5.36%
Second Best
Retail
$892.2K
$780.7K – $1.04M
NOI $62,456 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,990 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,185
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
$385,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in New Orleans, LA
Properties on Market for Mixed-use properties in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant retail and residential spaces are arranged across the main building and a separate two-story dependency.
Where is this mixed-use property located?
The property is located at 1127 Decatur Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 5,058‑square‑foot building dating to 1830; Four‑story main building with storefront, apartment, upper residence, and attic‑level primary suite; Separate two‑story dependency with a one‑bedroom layout and two‑sided fireplace
