Hospitality and Rental
2109-11 CHARTRES Street New Orleans, LA 70116
For Sale
$875,000
HMC-1 zoned property with two updated 1-bedroom units, a rear 2-bedroom residence, and an electrified detached workshop.
Property Size3,000 SF
Price / SF$291.67
Days on Market395
Property Features for 2109-11 CHARTRES Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1900
Listing Agency:
Witry Collective, L.L.C.
(504) 717-5612
Listed By:
Joshua Walther · License #000076446
(504) 717-5612
Source:
Xome
Added: Jun 24, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:39PM
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 Witry Collective, L.L.C.
Investment Insights
Based on property information with market context.
HMC-1 zoned hospitality and rental property featuring two updated 1-bedroom, 1-bath units and a spacious 2-bedroom, 1-bath owner’s residence at the rear. The home includes historic New Orleans architectural details such as fireplace mantels, hardwood floors, soaring ceilings with transoms, and original pocket doors. Recent updates to the foundation, electrical, and plumbing systems support modern functionality, and the property is offered fully furnished. An active B&B license is in place.
Located in the heart of the Marigny Triangle, the property is just steps from Frenchmen Street and minutes to the French Quarter.
Additional value comes from an undeveloped detached brick workshop of approximately 450 square feet with electricity, which may be used as extra workspace or storage. The configuration supports a range of hosting and occupancy needs for both larger and smaller guest parties, with flexibility for short-term or long-term use.
Located in the heart of the Marigny Triangle, the property is just steps from Frenchmen Street and minutes to the French Quarter.
Additional value comes from an undeveloped detached brick workshop of approximately 450 square feet with electricity, which may be used as extra workspace or storage. The configuration supports a range of hosting and occupancy needs for both larger and smaller guest parties, with flexibility for short-term or long-term use.
Key Highlights
- HMC‑1 zoned property with two updated 1‑bedroom/1‑bath units plus a rear 2‑bedroom/1‑bath residence
- Active B&B license; guest facilities noted as 3
- Historic New Orleans details including fireplace mantels, hardwood floors, soaring ceilings with transoms, and original pocket doors
Financial Insights For Apartment 5plus
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 | $69.8k | $23.28 |
| − Vacancy | −$6.4k | −$2.12 |
| EGI | $63.5k | $21.16 |
| − OpEx | −$28.6k | −$9.52 |
| NOI | $34.9k | $11.64 |
3,000 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$498.8K
$436.5K – $582.0K
NOI $34,917 @ 7.0% cap · market cap 3.99%
Second Best
Hotel Hospitality
$161.2K
$141.1K – $188.1K
NOI $11,286 @ 7.0% cap · market cap 1.29%
Theoretical Best
Office A
$762.5K
$667.2K – $889.6K
NOI $53,375 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bed & breakfasts
Similar Off Market Nearby
- Quarter House — 129 Chartres St, New Orleans, LA 70130
- Wyndham New Orleans - French Quarter — 124 Royal St, New Orleans, LA 70130
- Four Seasons — 555 canal st, new orleans, la 70130
- Dream Suites Corporate Solutions — 800 Common St, New Orleans, LA 70112
- Murree Pearl House — 225 Royal St, New Orleans, LA 70130, United States
FAQs
What type of property is this?
Bed & breakfast - HMC-1 zoned property with two updated 1-bedroom units, a rear 2-bedroom residence, and an electrified detached workshop.
Where is this bed & breakfast located?
The property is located at 2109-11 CHARTRES Street New Orleans, LA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: HMC‑1 zoned property with two updated 1‑bedroom/1‑bath units plus a rear 2‑bedroom/1‑bath residence; Active B&B license; guest facilities noted as 3; Historic New Orleans details including fireplace mantels, hardwood floors, soaring ceilings with transoms, and original pocket doors
