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French Quarter Condos Investment Opportunity
For Sale
$6,400,000

535 Iberville Street, New Orleans, LA 70130

Residential investment opportunity in the historic French Quarter.

Property SizeContact for details
Days on Market156

Property Features for 535 Iberville Street

General Information

Standard status Active
Property subtype Multifamily
Listing Agency:
Listed By: Timothy Thompson
Source: Svn
Added: Mar 6 Changed: Jul 10 Last Checked: Aug 8 at 3:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Timothy Thompson

Investment Insights

Based on property information with market context.

Located at 535 Iberville, this property presents an opportunity to acquire a residential investment in the historic French Quarter. The building features 9 units, including 4 one-bedroom condos, 4 two-bedroom condos, and a penthouse. The property includes 8 dedicated parking spaces. The units are approximately 90% complete, offering the buyer the chance to finish and either sell or rent the condos. The property is located steps from the Riverwalk, Jackson Square, and Canal Place shops. Nearby locations include Caesars New Orleans Hotel & Casino, House of Blues, Four Seasons, Sazerac House, and The Windsor Court.

Key Highlights

  • Prime French Quarter location near Riverwalk, Jackson Square, and Canal Place.
  • Opportunity to finish 9 partially completed condo units (4 one‑bedroom, 4 two‑bedroom, and a penthouse).
  • Potential for substantial returns through sale or rental of finished condos.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store HVAC Service Home Appliance Store Locksmith Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8,442
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Residential investment opportunity in the historic French Quarter.
Where is this apartment building located?
The property is located at 535 Iberville Street New Orleans, LA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Prime French Quarter location near Riverwalk, Jackson Square, and Canal Place.; Opportunity to finish 9 partially completed condo units (4 one‑bedroom, 4 two‑bedroom, and a penthouse).; Potential for substantial returns through sale or rental of finished condos.
More about this property
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