Renovated Creole Apartment
717 Toulouse Street, New Orleans, LA 70130
For Sale
$1,395,000
A private courtyard and upper-level balcony add outdoor space to this French Quarter residential property.
Property Size3,529 SF
Price / SF$395.30
Days on Market216
Property Features for 717 Toulouse Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Multifamily Units
Amenities
private courtyard
balcony
Balcony
Courtyard
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
Compass Uptown-Maple St
(504) 861-7575
Listed By:
Bryan Francher · License #000040680
(504) 251-6400
Source:
Cypresskeyrealty
Added: Apr 6
Changed: Nov 7
Last Checked: Nov 7 at 5:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Uptown-Maple St
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Investment Insights
Based on property information with market context.
Located at 717 Toulouse Street in New Orleans, this 3,529-square-foot Creole apartment building dates to 1834 and contains five apartments. Four units have been renovated, while one has not. The building features a stucco exterior, slate roof, second-story balcony, hardwood flooring, high ceilings, and a private courtyard.
The property is in the French Quarter, between Bourbon Street and Royal Street.
The property is in the French Quarter, between Bourbon Street and Royal Street.
Key Highlights
- Five apartments in a 3,529‑square‑foot building
- Built in 1834
- Four apartments renovated; one remains unrenovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,073
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,460
$821.5K
Cap Rate 7%
$586,757
$586.8K
Cap Rate 9%
$456,367
$456.4K
Market Conditions
NOI Build-Up for 3,529 SF
Gross rent
$82.2K $23.28/SF
− Vacancy
−$7.5K −$2.12/SF
EGI
$74.7K $21.16/SF
− OpEx
−$33.6K −$9.52/SF
NOI
$41.1K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,460
Cap Rate 7%
$586,757
Cap Rate 9%
$456,367
Alternative Uses
Best Use
Apartment 5plus
$586.8K
$513.4K – $684.6K
NOI $41,073 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$897.0K
$784.8K – $1.05M
NOI $62,787 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,747
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
$529,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in New Orleans, LA
Properties on Market for Apartment buildings in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A private courtyard and upper-level balcony add outdoor space to this French Quarter residential property.
Where is this apartment building located?
The property is located at 717 Toulouse Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Five apartments in a 3,529‑square‑foot building; Built in 1834; Four apartments renovated; one remains unrenovated
