Mixed-Use Property with
For Sale
$1,000,000
601 EIGHTH Street, New Orleans, LA 70115
Commercial Sale, New Orleans, LA
Property Size3,844 SF
Price / SF$260.15
Days on Market137
Property Features for 601 EIGHTH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
601-8THST
Size
3,844 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
As Per Title
Legal Description
As Per Title
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
deep balcony
open floorplan
sophisticated kitchen
vaulted nickel gap ceilings
heart pine flooring
ADA accessible design
Building Details
Year built
1830
Floors in Building
2
Building materials
HardiPlank Type, Stucco
Roof type
Metal
Listing Agency:
Berkshire Hathaway HS - Garden District/Uptown · Berkshire Hathaway HomeServices
(504) 799-1702
Listed By:
Frederick P Lemann · License #000027829
(504) 460-6340
Added: Jun 15
Changed: Oct 23
Last Checked: Oct 29 at 7:06PM
MLS# 2563161
Copyright © 2026 ROAM MLS. 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.
This 3,844-square-foot mixed-use property contains two occupied units: a ground-floor commercial space and a second-floor residence with three bedrooms and three bathrooms. The home features an open layout, a kitchen, vaulted ceilings, and heart pine floors. HardiPlank-type siding and stucco, a metal roof, and central heating and air conditioning are among the building’s features.
The property underwent a full rehabilitation that included new framing and structural beams, plumbing, and electrical systems. It also has ADA-accessible design and fire-safety compliance. Public water and sewer service are available, along with natural gas.
The property underwent a full rehabilitation that included new framing and structural beams, plumbing, and electrical systems. It also has ADA-accessible design and fire-safety compliance. Public water and sewer service are available, along with natural gas.
Key Highlights
- 3,844 square feet across two occupied units
- Ground‑floor commercial space with a three‑bedroom, three‑bath residence above
- Rehabilitation included new framing, structural beams, plumbing, and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,705
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$934,100
$934.1K
Cap Rate 7%
$667,214
$667.2K
Cap Rate 9%
$518,944
$518.9K
Market Conditions
NOI Build-Up for 3,844 SF
Gross rent
$83.0K $21.60/SF
− Vacancy
−$8.3K −$2.16/SF
EGI
$74.7K $19.44/SF
− OpEx
−$28.0K −$7.29/SF
NOI
$46.7K $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%
$934,100
Cap Rate 7%
$667,214
Cap Rate 9%
$518,944
Alternative Uses
Best Use
Mixed Use
$667.2K
$583.8K – $778.4K
NOI $46,705 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,991 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,875
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-bedroom, three-bath home occupies the upper floor above a separate ground-floor space.
Where is this mixed-use property located?
The property is located at 601 EIGHTH Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,844 square feet across two occupied units; Ground‑floor commercial space with a three‑bedroom, three‑bath residence above; Rehabilitation included new framing, structural beams, plumbing, and electrical systems
