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50-Unit Apartment Building
For Sale
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Pending

1041 Constance St, New Orleans, LA 70130

CBD-3 zoning permits a hotel license, with 24 units currently operating as short-term rentals.

Property Size65,418 SF
Days on Market638

Property Features for 1041 Constance St

General Information

Standard status Pending
Size 65,418 SF
Class Class A
Property subtype Multifamily
Zoning CBD-3

Additional Details

Highway Access Yes
Multifamily Units 50

Building Details

Year Built 2009
Listing Agency: Elifin Realty
Listed By: Benji Azar
Source: Lacdb.resimplifi
Added: Dec 2, 2024 Changed: Aug 30 Last Checked: Aug 31 at 12:54PM

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 Elifin Realty

Investment Insights

Based on property information with market context.

Built in 2009, this 65,418-square-foot Class A apartment property contains 50 units and carries CBD-3 zoning with authorization for a hotel license. Twenty-four units are currently operated as short-term rentals, creating an existing lodging component within the building’s overall configuration.

The property is located one block from the National WWII Museum on Magazine St. Lafayette Square, Gallier Hall, the Ogden Museum of Southern Art, and St. Patrick’s Church are within walking distance. Nearby dining and nightlife options include the Rusty Nail, Sidecar, Cochon, Peche, and Sofia. US 90 Business and the Crescent City Connection are seconds away, with access to the French Quarter and Riverwalk.

Key Highlights

  • 50‑unit apartment property built in 2009
  • 65,418 square feet with Class A designation
  • CBD‑3 zoning with authorization for a hotel license

Property Analytics

Current Use

Constance Lofts by ... Apartment Building Melvin N. Cade ... Law Firm Sonder at Constance Lofts Apartment Building

Suggested Use

Top Pick Auto Parts Store Kitchen & Bath Showroom HVAC Service Garden Center Veterinary Clinic Pet Grooming Service

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

Lease Details

50
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

5,723
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 - CBD-3 zoning permits a hotel license, with 24 units currently operating as short-term rentals.
Where is this apartment building located?
The property is located at 1041 Constance St New Orleans, LA.
What are key features of this property?
This property features: 50‑unit apartment property built in 2009; 65,418 square feet with Class A designation; CBD‑3 zoning with authorization for a hotel license
More about this property
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