Mixed-Use French Quarter
934 Royal Street New Orleans, LA 70116
934 Royal Street, New Orleans, LA, 70116
$2,250,000
For Sale
$2,250,000
Historic mixed-use property on Royal Street with ground-floor retail and three upper residential units plus two rear units.
Property Size5,355 SF
Price / SF$420.17
Days on Market211
Property Features for 934 Royal Street
General Information
- Standard status
- Active
- Size
- 5,355 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1841
Listing agency
FQR Realtors
(504) 616-0990
Listed by
George Jeansonne · License #995687377
(504) 616-0990
Source
Compass
Added: Dec 22, 2025 Updated: Jul 20 at 10:11PM Checked: Jul 21 at 6:16AM
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 FQR Realtors
Investment Insights
Based on property information with market context.
This historic mixed-use building dates to approximately 1841 and combines ground-floor commercial space with residential apartments above. Multiple ground-floor retail spaces front Royal Street and are currently occupied by Fifi Mahoney's. A historic stair hall provides access to three residential units, which feature classic New Orleans architectural elements including high ceilings, original windows, and a covered cast-iron street gallery overlooking Royal Street.
The building also includes a distinctive Greek Revival entrance located on the second level of the Royal Street facade, which opens directly onto the front gallery. At the rear, an attached dependency adds two additional residential units arranged around a courtyard. The courtyard is described as lush and offers a quieter, more private setting, and the courtyard additions retain ornamental detailing that complements the main structure’s historic character.
The property is located directly across from the Cornstalk Hotel and is surrounded by other landmark properties along Royal Street.
The building also includes a distinctive Greek Revival entrance located on the second level of the Royal Street facade, which opens directly onto the front gallery. At the rear, an attached dependency adds two additional residential units arranged around a courtyard. The courtyard is described as lush and offers a quieter, more private setting, and the courtyard additions retain ornamental detailing that complements the main structure’s historic character.
The property is located directly across from the Cornstalk Hotel and is surrounded by other landmark properties along Royal Street.
Key Highlights
- Historic mixed‑use building built c. 1841 on world‑famous Royal Street in the French Quarter
- 3 stories with brick construction and asphalt shingle roof
- Multiple ground‑floor commercial spaces front Royal Street, currently occupied by Fifi Mahoney's
Local Financial Insights For Retail
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 | $96.4k | $18.00 |
| − Vacancy | −$1.9k | −$0.36 |
| EGI | $94.5k | $17.64 |
| − OpEx | −$28.3k | −$5.29 |
| NOI | $66.1k | $12.35 |
5,355 SF · lease $18.00/SF/yr · vacancy 2.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$944.6K
$826.6K – $1.10M
NOI $66,124 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$890.4K
$779.1K – $1.04M
NOI $62,326 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,274 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fifi Mahony's
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Historic mixed-use property on Royal Street with ground-floor retail and three upper residential units plus two rear units.
Where is this apartment building located?
The property is located at 934 Royal Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Historic mixed‑use building built c. 1841 on world‑famous Royal Street in the French Quarter; 3 stories with brick construction and asphalt shingle roof; Multiple ground‑floor commercial spaces front Royal Street, currently occupied by Fifi Mahoney's
