Historic Mixed-Use
New
For Sale
$2,789,000
618 JULIA Street, New Orleans, LA 70130
Multi-Family, Traditional, New Orleans, LA
Property Size6,817 SF
Price / SF$409.12
Days on Market3
Property Features for 618 JULIA Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch, Patio
Exterior features
Balcony, Courtyard, Outdoor Entertainment Area Beyond Your Average Patio, Porch
Lot features
Regular
Subdivision
CBD
Standard status
Active
APN
620JuliaSt
Size
6,817 SF
Taxes and HOA fees
Tax Description
Sq 181, Lot 6 or 35, Julia 26'3" x 105'
Legal Description
Sq 181, Lot 6 or 35, Julia 26'3" x 105'
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central courtyard
Building Details
Year built
1832
Floors in Building
4
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Chris Smith
(504) 231-2004
Added: Oct 20
Last Checked: Oct 22 at 11:06PM
MLS# 2582329
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. 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.
Built in 1832 and restored in 2025, this 6,817-square-foot historic mixed-use property brings residential and commercial spaces together. The main residence measures approximately 3,672 square feet and includes four bedrooms, three full bathrooms, and one half bath. Additional spaces include a 1,241-square-foot, two-bedroom apartment and a separate three-bedroom, one-bath apartment. At street level, approximately 1,212 square feet is configured for gallery or retail use. A central courtyard, balcony, porch, and patio provide outdoor areas. The property has central heating and central air conditioning.
CBD 5 zoning supports residential, commercial, and retail uses, subject to applicable approvals. The property is in New Orleans’ Arts District, near Julia Street galleries, Lafayette Square, the National WWII Museum, and the Ogden Museum of Southern Art. Restaurants named nearby include Peche, Herbsaint, Cochon, Emeril’s, and Gianna.
CBD 5 zoning supports residential, commercial, and retail uses, subject to applicable approvals. The property is in New Orleans’ Arts District, near Julia Street galleries, Lafayette Square, the National WWII Museum, and the Ogden Museum of Southern Art. Restaurants named nearby include Peche, Herbsaint, Cochon, Emeril’s, and Gianna.
Key Highlights
- 6,817‑square‑foot mixed‑use property built in 1832 and restored in 2025
- Main residence: approximately 3,672 square feet, with 4 bedrooms and 3 full baths plus 1 half bath
- 1,241‑square‑foot apartment with 2 bedrooms and 1 full bath plus 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,030
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,600
$1.8M
Cap Rate 7%
$1,314,714
$1.3M
Cap Rate 9%
$1,022,556
$1.0M
Market Conditions
NOI Build-Up for 6,817 SF
Gross rent
$163.6K $24.00/SF
− Vacancy
−$16.4K −$2.40/SF
EGI
$147.2K $21.60/SF
− OpEx
−$55.2K −$8.10/SF
NOI
$92.0K $13.50/SF
Area
New Orleans, LA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,600
Cap Rate 7%
$1,314,714
Cap Rate 9%
$1,022,556
Alternative Uses
Best Use
Mixed Use
$1.31M
$1.15M – $1.53M
NOI $92,030 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,176 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,286 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,016
Businesses Nearby
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Business Placement
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restored downtown property combines a substantial private residence, two apartments, and ground-floor gallery or retail space.
Where is this mixed-use property located?
The property is located at 618 JULIA Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,789,000.
What are key features of this property?
This property features: 6,817‑square‑foot mixed‑use property built in 1832 and restored in 2025; Main residence: approximately 3,672 square feet, with 4 bedrooms and 3 full baths plus 1 half bath; 1,241‑square‑foot apartment with 2 bedrooms and 1 full bath plus 1 half bath
