Historic Mixed-Use Property with
New
For Sale
$2,789,000
620 JULIA Street, New Orleans, LA 70130
Commercial, New Orleans, LA
Property Size6,817 SF
Price / SF$409.12
Days on Market3
Property Features for 620 JULIA Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CDB-5
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
Water source
Public
Amenities
central courtyard
Building Details
Year built
1832
Floors in Building
4
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# 2582444
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.
At 620 Julia Street, this mixed-use property brings together a main residence, two separate apartments, and a ground-floor gallery or retail component. The main residence contains four bedrooms and 3,672 square feet. The commercial space occupies 1,212 square feet, while one apartment measures 1,241 square feet and has two bedrooms. The other apartment has three bedrooms. A central courtyard provides shared outdoor space. Built in 1832, the property was restored in 2025; its total area is 6,817 square feet.
The address is in New Orleans’ Arts District, with galleries along Julia Street and Lafayette Square nearby. The National WWII Museum and Ogden Museum of Southern Art are also in the surrounding area, along with restaurants including Peche, Herbsaint, Cochon, Emeril’s, and Gianna.
The address is in New Orleans’ Arts District, with galleries along Julia Street and Lafayette Square nearby. The National WWII Museum and Ogden Museum of Southern Art are also in the surrounding area, along with restaurants including Peche, Herbsaint, Cochon, Emeril’s, and Gianna.
Key Highlights
- 6,817 square feet across a main residence, two apartments, and gallery or retail space
- Main residence spans 3,672 square feet and has four bedrooms
- 1,212‑square‑foot ground‑floor gallery or retail space
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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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
9,016
Businesses Nearby
450k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 71%
Groceries 11%
Dining 7%
Shops & Services 7%
Rouses Market
Groceries
49,050 visits/mo
0.2 miles
New Orleans Marriott Warehouse Arts District
Hotels & Casinos
29,429 visits/mo
0.4 miles
Exxon
Shops & Services
24,253 visits/mo
0.3 miles
Holiday Inn New Orleans-Downtown Superdome
Hotels & Casinos
20,500 visits/mo
0.5 miles
Hotel Fontenot
Hotels & Casinos
20,339 visits/mo
0.2 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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Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restored downtown property combines a private residence, two apartments, and street-level gallery or retail space.
Where is this mixed-use property located?
The property is located at 620 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 feet across a main residence, two apartments, and gallery or retail space; Main residence spans 3,672 square feet and has four bedrooms; 1,212‑square‑foot ground‑floor gallery or retail space
