Short Term Rental Home with
641 S SALCEDO Street New Orleans, LA 70119
641 S SALCEDO Street, New Orleans, LA, 70119
$200,000
For Sale
$200,000
COMMERCIAL - New Orleans, LA
Property Size1,005 SF
Price / SF$199
Days on Market99
Property Features for 641 S SALCEDO Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU
- Parking features
- Off Street, Driveway
- Standard status
- Active
- APN
- 421-SSALCEDOST
- Size
- 1,005 SF
Taxes and HOA fees
- Tax Description
- SQ 652 LOT C OR PT LOTS 1 2SALCEDO 27 3X58 8
Utilities
- Water source
- Public
Building Details
- Year built
- 1943
- Floors in Building
- 1
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed by
Cassondra Larsen · License #000028198
(504) 669-8822
Added: Apr 15 Updated: Jul 11 at 6:33AM Checked: Jul 22 at 1:06PM
MLS# 2552994
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.
Investment Insights
Based on property information with market context.
This commercially zoned property is currently operating as a short term rental and includes a 3-bedroom, 1-bath layout. Major improvements were completed approximately five years ago, including a new roof and HVAC, supporting continued operation with limited near-term capital needs. Additional features include energy-efficient windows and off-street parking, which can improve the arrival experience for guests.
Located in New Orleans (Orleans Parish), the home is designated MU zoning. The seller notes proximity to the medical corridor, downtown, and major New Orleans attractions, positioning the property within an area associated with frequent visitor demand.
For buyers seeking a flexible-use structure that is already operating in the short term rental space, this presents a practical starting point. The listing also indicates documented income history and professional management details are available upon request. Any continued use would be subject to the buyer’s due diligence and applicable city requirements, including alignment with zoning and short term rental rules.
Located in New Orleans (Orleans Parish), the home is designated MU zoning. The seller notes proximity to the medical corridor, downtown, and major New Orleans attractions, positioning the property within an area associated with frequent visitor demand.
For buyers seeking a flexible-use structure that is already operating in the short term rental space, this presents a practical starting point. The listing also indicates documented income history and professional management details are available upon request. Any continued use would be subject to the buyer’s due diligence and applicable city requirements, including alignment with zoning and short term rental rules.
Key Highlights
- Commercial‑zoned 3‑bedroom, 1‑bath property operating as a short‑term rental with established use and documented income history (details available upon request).
- Major updates completed approximately 5 years ago, including roof and HVAC, supporting continued operations without immediate capital expense.
- Energy‑efficient windows to help improve efficiency for guests and long‑term ownership.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.4k | $23.28 |
| − Vacancy | −$2.1k | −$2.12 |
| EGI | $21.3k | $21.16 |
| − OpEx | −$9.6k | −$9.52 |
| NOI | $11.7k | $11.64 |
1,005 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$167.1K
$146.2K – $195.0K
NOI $11,697 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.0K
$230.1K – $306.8K
NOI $18,408 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Commercially zoned 3-bedroom home with off-street parking and recent HVAC and roof updates.
Where is this short term rental property located?
The property is located at 641 S SALCEDO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Commercial‑zoned 3‑bedroom, 1‑bath property operating as a short‑term rental with established use and documented income history (details available upon request).; Major updates completed approximately 5 years ago, including roof and HVAC, supporting continued operations without immediate capital expense.; Energy‑efficient windows to help improve efficiency for guests and long‑term ownership.
