1216-18 SAINT CHARLES Avenue, New Orleans, LA 70130
Commercial Sale, Other - New Orleans, LA
- 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
Listing agent Adele Hunt (504) 782-2269
Listing office Engel & Völkers New Orleans 2844 Magazine Street, New Orleans, LA (504) 234-5000
Listing date Jun 26, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.073882
- Latitude
- 29.940881