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    516 Governor Nicholls St, Unit 401 New Orleans, LA 70116

    For Sale
    $233,000

    Stunning renovated loft with French Quarter views and modern amenities.

    Property size:
    858 SF

    Property Features for 516 Governor Nicholls St

    General Information

    Size
    858 SF

    Building Details

    Year built
    1896

    Source: Keller Williams Realty Crescent City Westbank Partners Agent Neil Maki

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

    Overview

    Renovated French Quarter Loft Condo

    Located on a desirable and quiet block of the French Quarter, 516 Governor Nicholls Street, Unit #401, is a renovated loft just steps from the French Market. The property offers 360-degree views of the French Quarter. This loft condo combines historic charm with modern luxury, featuring a bright, open-concept living space, high ceilings, and original hardwood floors. The gourmet kitchen includes stainless steel appliances and quartz countertops. A full sprinkler system was installed in 2023. The property size is 858 square feet. A pool and courtyard are under development at 518-524 Governor Nicholls and will be common areas for condo owners at 516 Governor Nicholls. The location provides access to dining, music, and sights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gallant Roadside and Towing Towing Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market 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
    -90.0597194
    Latitude
    29.9608871

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    FAQs

    What type of property is this?
    Apartment building - Stunning renovated loft with French Quarter views and modern amenities.
    Where is this apartment building located?
    The property is located at 516 Governor Nicholls St, Unit 401 New Orleans, LA.
    What is the asking price?
    The asking price for this property is $233,000.
    What are key features of this property?
    This property features: - Spectacular 360 views of the French Quarter.; - Prime French Quarter location on a desirable, quiet block near the French Market.; - Renovated loft blending historic charm with modern luxury.
    Request Owner's contact information
    516 Governor Nicholls St, Unit 401 New Orleans, LA 70116
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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
    516 Governor Nicholls St, Unit 401 New Orleans, LA 70116
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