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    Mixed-Use Property with Courtyard Title is generated by Realmo AI

    1216-18 SAINT CHARLES Avenue, New Orleans, LA 70130

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    Claim this Listing
    New
    For Sale
    $899,000

    Commercial Sale, Other - New Orleans, LA

    Property size:
    3,557 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $252/SF
    Added:
    Jun 26, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 1216-18 SAINT CHARLES Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    MU-1
    Parking features
    None
    Standard status
    Active
    APN
    102104710
    Size
    3,557 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    1942
    Architectural style
    Other

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    Contact an agent
    Adele Hunt

    Listing agent Adele Hunt

    Listing office Engel & Völkers New Orleans 2844 Magazine Street, New Orleans, LA

    Listing date Jun 26, 2026

    MLS# 2540191 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use property on St. Charles Avenue with leased street‑level commercial space plus three residential units
    • 1942 construction with multiple living options above the investment space
    • Private landscaped courtyard for outdoor living
    • Rooftop terrace accessible from a residential unit
    • Front‑row views of Mardi Gras parades and easy access to downtown New Orleans and nearby interstates

    Overview

    This mixed-use property combines a street-level leased commercial space with three residential units. The exterior includes a landscaped private courtyard for outdoor living, and a rooftop terrace accessible from one of the residential units. The overall configuration supports a live-and-earn approach while maintaining separate income and residential spaces within the same building.

    The property is located at 1216-18 Saint Charles Avenue in New Orleans, Louisiana, and fronts directly on Saint Charles Avenue. The listing notes front-row views related to Mardi Gras parades and provides practical day-to-day connectivity to downtown New Orleans and nearby interstates.

    For tenants, occupants, or buyers seeking flexibility, the layout offers dedicated commercial space at street level alongside residential housing within the same asset. Owner-occupants can operate from the leased commercial component while using one or more of the residential units as living space. Investors can evaluate the existing leased commercial use together with the three residential units, all under MU-1 zoning as stated in the listing information.

    Local Financial Insights For Mixed Use

    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 $85.4k $24.00
    − Vacancy −$8.5k −$2.40
    EGI $76.8k $21.60
    − OpEx −$28.8k −$8.10
    NOI $48.0k $13.50
    3,557 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $686.0K
    $600.3K – $800.3K (±1% cap)
    NOI $48,020 @ 7.0% cap · market cap 5.34%
    Second Best
    Multifamily LT 5
    $643.4K
    $563.0K – $750.7K (±1% cap)
    NOI $45,040 @ 7.0% cap · market cap 5.01%
    Theoretical Best
    Office A
    $904.1K
    $791.1K – $1.05M (±1% cap)
    NOI $63,285 @ 7.0% cap · market cap 7.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.073882
    Latitude
    29.940881

    FAQs

    What type of property is this?
    Mixed-use property - Street-level leased commercial space paired with three residential units and outdoor living spaces, including a private courtyard.
    Where is this mixed-use property located?
    The property is located at 1216-18 SAINT CHARLES Avenue New Orleans, LA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Mixed‑use property on St. Charles Avenue with leased street‑level commercial space plus three residential units; 1942 construction with multiple living options above the investment space; Private landscaped courtyard for outdoor living
    More about this property
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