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    941-943 Toulouse St New Orleans, LA 70112

    For Sale
    $795,500

    Restored corner multi-family property in the heart of the French Quarter.

    Property size:
    3,206 SF
    Lot size:
    0.05 Acres

    Property Features for 941-943 Toulouse St

    General Information

    Size
    3,206 SF
    Lot size
    0.05 Acres

    Building Details

    Year built
    1800

    Source: Keller Williams Realty Crescent City Westbank Partners Agent Steve Richards

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic French Quarter Corner Property

    Located in the historic French Quarter, the property at 941-943 Toulouse Street and 606 Burgundy Street features a c.1800 two-story, double gable-ended masonry Creole Cottage situated on a corner lot. The building underwent an extensive three-year restoration from 2015 to 2018, which included upgrades to the electrical, plumbing, and HVAC systems while preserving its historic character. The property features exposed original brick and hardwood flooring sourced from the Port of New Orleans, along with sound-softening interior windows. A shared courtyard offers a quintessential French Quarter living experience. The property consists of a main home with two two-level apartments, each with direct courtyard access, and a rear dependency with one two-level apartment with a private balcony. The main building is Vieux Carré Commission “Green-Rated” for preservation quality. The property is residentially zoned and located in Flood Zone X. The property size is 3206 square feet. This property can be used as a luxury residence or an income-generating investment.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Daycare Center Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0680363
    Latitude
    29.9590309

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    FAQs

    What type of property is this?
    Triplex - Restored corner multi-family property in the heart of the French Quarter.
    Where is this triplex located?
    The property is located at 941-943 Toulouse St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $795,500.
    What are key features of this property?
    This property features: - Rare corner property in the heart of the historic French Quarter.; - Extensive three-year full restoration (2015–2018) with upgraded electrical, plumbing, and HVAC systems.; - Three apartments: two in the main house with courtyard access, one in the rear dependency with a private balcony.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    941-943 Toulouse St New Orleans, LA 70112
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