Furnished Short-Term Rental
For Sale
$850,000
2109-11 Chartres Street, New Orleans, LA 70116
An active bed-and-breakfast license accompanies two guest units and a separate rear residence.
Property Size3,000 SF
Price / SF$283.33
Days on Market417
Property Features for 2109-11 Chartres Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family Home
Zoning
HMC-1
Site & Location
Neighborhood
Marigny
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Furnished
Yes
Currently Operating
Yes
Amenities
Courtyard
Fence
Porch
Building Details
Building Size
3,000 SF
Year Built
1900
Stories
1
Listed By:
DONALD JULIEN
(504) 368-7132
Source:
Donaldjulienrealestate
Added: Sep 2, 2025
Changed: Oct 23
Last Checked: Oct 23 at 11:45AM
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 DONALD JULIEN
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Investment Insights
Based on property information with market context.
This 3,000-square-foot property, built in 1900, is currently operated as a short-term rental and carries an active bed-and-breakfast license. The layout includes two updated one-bedroom, one-bath units and a two-bedroom, one-bath residence at the rear. Interior details include hardwood floors, fireplace mantels, high ceilings with transoms, and original pocket doors. Foundation, electrical, and plumbing improvements have been completed, and the property is offered furnished.
A detached brick workshop adds 450 square feet of electrified space. The property is zoned HMC-1 and is located on Chartres Street in the Marigny Triangle, near Frenchmen Street and a short distance from the French Quarter.
A detached brick workshop adds 450 square feet of electrified space. The property is zoned HMC-1 and is located on Chartres Street in the Marigny Triangle, near Frenchmen Street and a short distance from the French Quarter.
Key Highlights
- Two updated 1‑bedroom/1‑bath units plus a rear 2‑bedroom/1‑bath residence
- Active bed‑and‑breakfast license; currently used as a short‑term rental
- 3,000 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,987
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,740
$759.7K
Cap Rate 7%
$542,671
$542.7K
Cap Rate 9%
$422,078
$422.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$59.4K $19.80/SF
− Vacancy
−$5.1K −$1.71/SF
EGI
$54.3K $18.09/SF
− OpEx
−$16.3K −$5.43/SF
NOI
$38.0K $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%
$759,740
Cap Rate 7%
$542,671
Cap Rate 9%
$422,078
Alternative Uses
Best Use
Multifamily LT 5
$542.7K
$474.8K – $633.1K
NOI $37,987 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$498.8K
$436.5K – $582.0K
NOI $34,917 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$762.5K
$667.2K – $889.6K
NOI $53,375 @ 7.0% cap · market cap 6.28%
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
3,452
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - An active bed-and-breakfast license accompanies two guest units and a separate rear residence.
Where is this short term rental property 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 $850,000.
What are key features of this property?
This property features: Two updated 1‑bedroom/1‑bath units plus a rear 2‑bedroom/1‑bath residence; Active bed‑and‑breakfast license; currently used as a short‑term rental; 3,000 square feet; built in 1900
