Historic Bed-and-Breakfast
For Sale
$850,000
2109-11 CHARTRES Street, New Orleans, LA 70116
Commercial, New Orleans, LA
Property Size3,000 SF
Price / SF$283.33
Days on Market410
Property Features for 2109-11 CHARTRES Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HMC-1
Lot features
Regular
Subdivision
Marigny Triangle
Standard status
Active
APN
2111 CHARTRES
Size
3,000 SF
Taxes and HOA fees
Tax Description
SQ 153 LOT F 20 CHARTRES
Legal Description
SQ 153 LOT F 20 CHARTRES
Utilities
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Joshua Walther · License #000076446
(504) 717-5612
Added: Sep 2, 2025
Changed: Oct 14
Last Checked: Oct 16 at 5:06AM
MLS# 2519637
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1900, this 3,000-square-foot bed-and-breakfast property combines two updated one-bedroom, one-bath units with a separate two-bedroom, one-bath owner’s residence. The interior retains historic details including fireplace mantels, hardwood floors, high ceilings with transoms, and original pocket doors. Foundation, electrical, and plumbing improvements have been completed, and the property is offered fully furnished.
An active B&B license is in place, and the property is currently used as a short-term rental. The HMC-1 zoning and existing configuration accommodate hospitality use, while the layout also includes a 450-square-foot electrified detached brick workshop for studio, office, or storage purposes. The property is located in New Orleans’ Marigny Triangle near Frenchmen Street and the French Quarter, with public water service.
An active B&B license is in place, and the property is currently used as a short-term rental. The HMC-1 zoning and existing configuration accommodate hospitality use, while the layout also includes a 450-square-foot electrified detached brick workshop for studio, office, or storage purposes. The property is located in New Orleans’ Marigny Triangle near Frenchmen Street and the French Quarter, with public water service.
Key Highlights
- HMC‑1 zoning with an active B&B license
- 3,000 square feet with two 1‑bedroom/1‑bath units and a 2‑bedroom/1‑bath residence
- 450‑square‑foot electrified detached brick workshop
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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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,452
Businesses Nearby
Well-served
Demand for This Use
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
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- Wyndham New Orleans - French Quarter — 124 Royal St, New Orleans, LA 70130
Frequently Asked Questions
What type of property is this?
Bed & breakfast - HMC-1-zoned hospitality property with two guest units, an owner’s residence, and an active B&B license.
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 $850,000.
What are key features of this property?
This property features: HMC‑1 zoning with an active B&B license; 3,000 square feet with two 1‑bedroom/1‑bath units and a 2‑bedroom/1‑bath residence; 450‑square‑foot electrified detached brick workshop
