Mixed-Use Apartment
313 Exchange Place New Orleans, LA 70130
313 Exchange Place, New Orleans, LA, 70130
$9,177,000
For Sale
$9,177,000
Seven-building, 27-unit portfolio with ground-floor commercial spaces and multiple recent capital improvements.
Property Size25,050 SF
Price / SF$366.35
Days on Market308
Property Features for 313 Exchange Place
General Information
- Standard status
- Active
- Size
- 25,050 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1850
Listing agency
Bridgewater Realty Advisors, LLC
(504) 298-8631
Listed by
Mason McCullough · License #995714063
(504) 298-8631
Source
Compass
Added: Sep 17, 2025 Updated: Jul 20 at 11:51PM Checked: Jul 21 at 6:14AM
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 Bridgewater Realty Advisors, LLC
Investment Insights
Based on property information with market context.
This for-sale portfolio consists of seven buildings totaling 27 units, combining residential apartments with ground-floor commercial spaces. The offering includes several properties on the National Historic Registry, and the buildings have undergone extensive recent capital improvements while preserving historic character.
Seller financing is available if multiple properties are purchased. Specific upgrades cited include brand-new roofs for 525 and 513 Conti, new gutters for 1524 St. Mary St, and a new elevator at 307 Exchange. The portfolio also includes 522-24 Burgundy St with a newly renovated component, and at 307 Exchange the courtyard interior is referenced as a site where Edgar Degas painted, with a commemorative plaque remaining on the exterior.
The portfolio is presented as located within the French Quarter in New Orleans, with multiple assets operating within historically protected districts.
Seller financing is available if multiple properties are purchased. Specific upgrades cited include brand-new roofs for 525 and 513 Conti, new gutters for 1524 St. Mary St, and a new elevator at 307 Exchange. The portfolio also includes 522-24 Burgundy St with a newly renovated component, and at 307 Exchange the courtyard interior is referenced as a site where Edgar Degas painted, with a commemorative plaque remaining on the exterior.
The portfolio is presented as located within the French Quarter in New Orleans, with multiple assets operating within historically protected districts.
Key Highlights
- 7‑building, 27‑unit portfolio with a mix of commercial and residential assets, including ground‑floor commercial spaces
- Several properties are on the National Historic Registry within the French Quarter
- Recent capital improvements include brand‑new roofs at 525 and 513 Conti
Local Financial Insights For Mixed Use
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 | $601.2k | $24.00 |
| − Vacancy | −$60.1k | −$2.40 |
| EGI | $541.1k | $21.60 |
| − OpEx | −$202.9k | −$8.10 |
| NOI | $338.2k | $13.50 |
25,050 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$4.83M
$4.23M – $5.64M
NOI $338,175 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$4.42M
$3.87M – $5.16M
NOI $309,317 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$6.37M
$5.57M – $7.43M
NOI $445,682 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Seven-building, 27-unit portfolio with ground-floor commercial spaces and multiple recent capital improvements.
Where is this mixed-use property located?
The property is located at 313 Exchange Place New Orleans, LA.
What is the asking price?
The asking price for this property is $9,177,000.
What are key features of this property?
This property features: 7‑building, 27‑unit portfolio with a mix of commercial and residential assets, including ground‑floor commercial spaces; Several properties are on the National Historic Registry within the French Quarter; Recent capital improvements include brand‑new roofs at 525 and 513 Conti
