2109-11 CHARTRES Street New Orleans, LA 70116
COMMERCIAL - New Orleans, LA
Property Features for 2109-11 CHARTRES Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMC-1
- Standard status
- Active
- APN
- 2111 CHARTRES
- Size
- 3,000 SF
Taxes and HOA fees
- Tax Description
- SQ 153 LOT F 20 CHARTRES
Utilities
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
Listing agent Joshua Walther License #000076446 (504) 453-2277
Listing office Witry Collective, L.L.C. 3640 Magazine St, New Orleans, LA (504) 291-2022
Listing date Sep 2, 2025
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.
Investment Insights
Based on property information with market context.
In addition to the main residences, there is an undeveloped 450-square-foot electrified detached brick workshop that can support storage or a separate workspace. The property is zoned HMC-1 and located in the Marigny Triangle area.
The configuration is described as flexible for accommodating different guest party sizes, supported by the combination of the two 1-bedroom units and the rear 2-bedroom residence.
Key Highlights
- HMC‑1 zoned New Orleans property with an active B&B license; currently used as an STR
- Two updated 1‑bed/1‑bath units plus a rear 2‑bed/1‑bath owner’s residence
- Historic features include fireplace mantels, hardwood floors, soaring ceilings with transoms, and original pocket doors
Local Financial Insights For Multifamily LT 5
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 | $59.4k | $19.80 |
| − Vacancy | −$5.1k | −$1.71 |
| EGI | $54.3k | $18.09 |
| − OpEx | −$16.3k | −$5.43 |
| NOI | $38.0k | $12.66 |
