Three-Story French Quarter Apartment
For Sale
Contact for pricing
Pending
401 Decatur St, New Orleans, LA 70130
Three-story building with ground-floor retail and apartment units plus a large attic space.
Property Size3,600 SF
Days on Market530
Property Features for 401 Decatur St
General Information
Standard status
Pending
Size
3,600 SF
Property subtype
MULTIFAMILY
Site & Location
Neighborhood
Central Business District
Building Details
Buildings
1
Stories
3
Listing Agency:
Jon Huffman Real Estate
(504) 616-6516
Listed By:
Yosef Greenwald · License #995699035
(504) 405-8491
Source:
Moodyscre
Added: May 19, 2025
Changed: Oct 26
Last Checked: Oct 28 at 7:19AM
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 Jon Huffman Real Estate
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Investment Insights
Based on property information with market context.
This three-story French Quarter building offers a mix of commercial and residential space, including a commercial retail space on the ground floor and attractive apartment space on the 2nd and 3rd floors. The property also includes a huge attic space that adds additional living area within the overall layout.
Located at 401 Decatur St in New Orleans, LA 70130, the building is in a visible French Quarter setting with a high tourist and local traffic count. That presence supports day-to-day activity for the street-level retail component while providing an in-demand backdrop for the apartment floors.
With approximately 3,600 SF of total property size, the building’s configuration is designed to combine retail frontage with multiple residential levels in one cohesive structure.
Located at 401 Decatur St in New Orleans, LA 70130, the building is in a visible French Quarter setting with a high tourist and local traffic count. That presence supports day-to-day activity for the street-level retail component while providing an in-demand backdrop for the apartment floors.
With approximately 3,600 SF of total property size, the building’s configuration is designed to combine retail frontage with multiple residential levels in one cohesive structure.
Key Highlights
- Three‑story French Quarter building with ground‑floor retail
- Ground floor features commercial retail space
- 2nd and 3rd floors designed as apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,453
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,060
$889.1K
Cap Rate 7%
$635,043
$635.0K
Cap Rate 9%
$493,922
$493.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$64.8K $18.00/SF
− Vacancy
−$1.3K −$0.36/SF
EGI
$63.5K $17.64/SF
− OpEx
−$19.1K −$5.29/SF
NOI
$44.5K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,060
Cap Rate 7%
$635,043
Cap Rate 9%
$493,922
Alternative Uses
Best Use
Retail
$635.0K
$555.7K – $740.9K
NOI $44,453 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$598.6K
$523.8K – $698.3K
NOI $41,900 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$915.0K
$800.6K – $1.07M
NOI $64,050 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,445
Businesses Nearby
309k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 63%
Dining 17%
Groceries 13%
Apparel 4%
The Ritz-Carlton, New Orleans
Hotels & Casinos
59,768 visits/mo
0.4 miles
Rouses Market
Groceries
35,073 visits/mo
0.3 miles
Hotel Fontenot
Hotels & Casinos
20,339 visits/mo
0.4 miles
DoubleTree by Hilton Hotel New Orleans
Hotels & Casinos
18,904 visits/mo
0.3 miles
Dick's Last Resort
Dining
16,371 visits/mo
0.1 miles
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Residential income property - Three-story building with ground-floor retail and apartment units plus a large attic space.
Where is this residential income property located?
The property is located at 401 Decatur St New Orleans, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three‑story French Quarter building with ground‑floor retail; Ground floor features commercial retail space; 2nd and 3rd floors designed as apartments
