Mixed-Use Triplex with
1216-18 SAINT CHARLES Avenue, New Orleans, LA 70130
For Sale
$899,000
Other - New Orleans, LA
Property Size3,557 SF
Lot Size0.08 Acres
Price / SF$252.74
Days on Market142
Property Features for 1216-18 SAINT CHARLES Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Roof type
Architectural style
Listing Agency:
Engel & Völkers New Orleans
(504) 234-5000
Listed By:
Adele Hunt · License LA #995683195
(504) 782-2269
Added: Jun 26
Changed: Jul 15
Last Checked: Nov 14 at 3:06AM
MLS# 2540213
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.
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Investment Insights
Based on property information with market context.
This mixed-use triplex-style property includes a leased commercial space on the street level and three residential units above, totaling approximately 3,557 square feet. Outdoor space is a standout feature, with a landscaped private courtyard and a rooftop terrace accessible from one of the residential units.
Located right on St. Charles Avenue in New Orleans (70130), the building is described as offering front-row views of Mardi Gras parades and convenient access to downtown and nearby interstates. The combination of street-level income and residential units creates a flexible setup for a range of ownership goals.
Located right on St. Charles Avenue in New Orleans (70130), the building is described as offering front-row views of Mardi Gras parades and convenient access to downtown and nearby interstates. The combination of street-level income and residential units creates a flexible setup for a range of ownership goals.
Key Highlights
- Mixed‑use property on St. Charles Avenue with a leased street‑level commercial space and three residential units
- Landscaped private courtyard plus a rooftop terrace accessible from one of the residential units
- Central heating; central air and multi‑unit cooling plus window unit(s)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,040
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,800
$900.8K
Cap Rate 7%
$643,429
$643.4K
Cap Rate 9%
$500,444
$500.4K
Market Conditions
NOI Build-Up for 3,557 SF
Gross rent
$70.4K $19.80/SF
− Vacancy
−$6.1K −$1.71/SF
EGI
$64.3K $18.09/SF
− OpEx
−$19.3K −$5.43/SF
NOI
$45.0K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,800
Cap Rate 7%
$643,429
Cap Rate 9%
$500,444
Alternative Uses
Best Use
Multifamily LT 5
$643.4K
$563.0K – $750.7K
NOI $45,040 @ 7.0% cap · market cap 5.01%
Second Best
Retail
$627.5K
$549.0K – $732.0K
NOI $43,922 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$904.1K
$791.1K – $1.05M
NOI $63,285 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,715
Businesses Nearby
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Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in New Orleans, LA
Properties on Market for Triplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Street-level leased retail space with three residential units, plus private courtyard and rooftop terrace.
Where is this triplex 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 a leased street‑level commercial space and three residential units; Landscaped private courtyard plus a rooftop terrace accessible from one of the residential units; Central heating; central air and multi‑unit cooling plus window unit(s)
