Historic Short-Term Rental
For Sale
$1,250,000
842 Camp Street #7, New Orleans, LA 70130
Licensed for commercial visitor stays, the townhouse offers a five-bedroom layout in a historic New Orleans setting.
Property Size4,540 SF
Price / SF$275.33
Days on Market541
Property Features for 842 Camp Street #7
General Information
Standard status
Active
Size
4,540 SF
Property subtype
Commercial
Zoning
CBD-5
Site & Location
Neighborhood
Lower Garden District
Building Details
Building Size
4,540 SF
Year Built
1845
Stories
3
Construction
Italianate
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: May 1, 2025
Changed: Oct 23
Last Checked: Oct 23 at 5:12PM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1845, this townhouse is licensed for commercial short-term rental use and includes five bedrooms and 4.5 bathrooms. The property is located at 842 Camp Street #7 in New Orleans and carries CBD-5 zoning.
Restaurants, museums, and other local destinations are nearby, giving guests access to a range of city attractions.
Restaurants, museums, and other local destinations are nearby, giving guests access to a range of city attractions.
Key Highlights
- Licensed for commercial short‑term rental use
- Five bedrooms and 4.5 bathrooms
- Built in 1845
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,840
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,800
$1.1M
Cap Rate 7%
$754,857
$754.9K
Cap Rate 9%
$587,111
$587.1K
Market Conditions
NOI Build-Up for 4,540 SF
Gross rent
$105.7K $23.28/SF
− Vacancy
−$9.6K −$2.12/SF
EGI
$96.1K $21.16/SF
− OpEx
−$43.2K −$9.52/SF
NOI
$52.8K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,800
Cap Rate 7%
$754,857
Cap Rate 9%
$587,111
Alternative Uses
Best Use
Apartment 5plus
$754.9K
$660.5K – $880.7K
NOI $52,840 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,774 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,554
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Licensed for commercial visitor stays, the townhouse offers a five-bedroom layout in a historic New Orleans setting.
Where is this short term rental property located?
The property is located at 842 Camp Street #7 New Orleans, LA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Licensed for commercial short‑term rental use; Five bedrooms and 4.5 bathrooms; Built in 1845
