Mixed-Use Property with
601 EIGHTH Street, New Orleans, LA 70115
For Sale
$1,000,000
Commercial Sale, New Orleans, LA
Property Size3,844 SF
Price / SF$260.15
Days on Market146
Property Features for 601 EIGHTH Street
General Information
Property type
Property subtype
Zoning
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Building materials
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: Nov 7 at 6:06AM
MLS# 2563128
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 combines a second-floor residence with occupied commercial space at street level. The home has three bedrooms and three bathrooms, an open layout, a kitchen, vaulted ceilings, and heart pine flooring. Building work included new framing and structural beams, a metal roof, and replacement plumbing and electrical systems. The property also features ADA-accessible design and fire-safety compliance.
Located on a corner at 601 Eighth Street in New Orleans, the property is zoned CU. Public water and sewer service the site, and natural gas is available.
Located on a corner at 601 Eighth Street in New Orleans, the property is zoned CU. Public water and sewer service the site, and natural gas is available.
Key Highlights
- 3,844‑square‑foot mixed‑use property with two occupied units
- Second‑floor residence has 3 bedrooms and 3 bathrooms
- Income‑producing space occupies the ground floor
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
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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
$616,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in New Orleans, LA
Properties on Market for Mixed-use properties in New Orleans
Frequently Asked Questions
What type of property is this?
Mixed-use property - An occupied two-level configuration pairs a three-bedroom home with income-producing 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‑foot mixed‑use property with two occupied units; Second‑floor residence has 3 bedrooms and 3 bathrooms; Income‑producing space occupies the ground floor
