Furnished Mixed-Use
For Sale
$419,000
4201 Tchoupitoulas St, New Orleans, LA 70115
HU-MU zoning and commercial short-term rental permission support flexible residential and professional use.
Property Size1,225 SF
Price / SF$342.04
Days on Market47
Property Features for 4201 Tchoupitoulas St
General Information
Standard status
Active
Size
1,225 SF
Site & Location
Neighborhood
East Riverside
Building Details
Year Built
1918
Listing Agency:
REMAX N.O. Properties
Listed By:
Gary Lazarus · License #000027873
(504) 382-2603
Source:
Fiorellaavenue
Added: Sep 8
Changed: Oct 2
Last Checked: Oct 7 at 3:31PM
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 REMAX N.O. Properties
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Investment Insights
Based on property information with market context.
This 1,225-square-foot mixed-use property combines a furnished three-bedroom, two-bath layout with commercial short-term rental authorization. The 1918 building includes cypress flooring, exposed brick, granite counters, stainless steel kitchen appliances, and a primary suite with a private bath, subway tile, retro tile flooring, and a double-sink vanity. Off-street parking is included, and the roof was replaced 3 years ago.
Located at 4201 Tchoupitoulas St in New Orleans, the property is near Tipitina's, Port Orleans Brewing Co., Francolini's, and Barracuda. HU-MU zoning and the existing commercial short-term rental permission provide a documented framework for both residential and professional applications. The property is also located in an X flood zone.
Located at 4201 Tchoupitoulas St in New Orleans, the property is near Tipitina's, Port Orleans Brewing Co., Francolini's, and Barracuda. HU-MU zoning and the existing commercial short-term rental permission provide a documented framework for both residential and professional applications. The property is also located in an X flood zone.
Key Highlights
- 1,225‑square‑foot mixed‑use property with 3 bedrooms and 2 baths
- HU‑MU zoning with City permission for commercial short‑term rental use
- Furnished interior with cypress floors, exposed brick, granite counters, and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,884
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,680
$297.7K
Cap Rate 7%
$212,629
$212.6K
Cap Rate 9%
$165,378
$165.4K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$26.5K $21.60/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$23.8K $19.44/SF
− OpEx
−$8.9K −$7.29/SF
NOI
$14.9K $12.15/SF
Area
ZIP 70115
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,680
Cap Rate 7%
$212,629
Cap Rate 9%
$165,378
Alternative Uses
Best Use
Mixed Use
$212.6K
$186.1K – $248.1K
NOI $14,884 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$133.3K
$116.7K – $155.6K
NOI $9,334 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$323.2K
$282.8K – $377.1K
NOI $22,623 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,926
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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?
Mixed-use property - HU-MU zoning and commercial short-term rental permission support flexible residential and professional use.
Where is this mixed-use property located?
The property is located at 4201 Tchoupitoulas St New Orleans, LA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 1,225‑square‑foot mixed‑use property with 3 bedrooms and 2 baths; HU‑MU zoning with City permission for commercial short‑term rental use; Furnished interior with cypress floors, exposed brick, granite counters, and stainless appliances
