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    1131-1137 Bourbon St New Orleans, LA 70116

    • Apartment buildings
    • 4,745 SF
    • 0.08 lot acres
    For Sale
    View listing
    $1,178,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1131-1137 Bourbon St

    Year built
    1855
    Lot size
    0.08 lot acres
    Property size
    4,745 SF
    Property type
    Apartment buildings

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0624
    Latitude
    29.9625

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      1716 Marais St

      APARTMENT HOUSE (5+ UNITS) • 0.07 Acres
      1716 Marais St, New Orleans, LA 70116-1462
      View Details
    • Value Estimation by Request
      8,662 SF

      1024 Bourbon St

      APARTMENT HOUSE (5+ UNITS) • 8,662 SF
      1024 Bourbon St, New Orleans, LA 70116-2708
      View Details
    • Value Estimation by Request
      3,115 SF

      1117 Bourbon St

      APARTMENT HOUSE (5+ UNITS) • 3,115 SF
      1117 Bourbon St, New Orleans, LA 70116-2756
      View Details
    • Value Estimation by Request
      3,810 SF

      735 Ursulines Ave

      APARTMENT HOUSE (5+ UNITS) • 3,810 SF
      735 Ursulines Ave, New Orleans, LA 70116-2715
      View Details
    • Value Estimation by Request
      53,874 SF

      2123 Ursulines Ave

      APARTMENT HOUSE (5+ UNITS) • 53,874 SF
      2123 Ursulines Ave, New Orleans, LA 70116-2172
      View Details
    • Value Estimation by Request
      2,204 SF

      2030 Ursulines Ave

      APARTMENT HOUSE (5+ UNITS) • 2,204 SF
      2030 Ursulines Ave, New Orleans, LA 70116-2153
      View Details

    Similar Nearby for Sale

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      French Quarter Income Property

      Historic French Quarter multi-family property with seven income-producing units.
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      Historic New Orleans 12-unit apartment complex
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    Similar Nearby for Lease

    • $28 SF/Yr
      8,000 SF

      Retail and Apartment Building

      Retail suites and apartments for rent on N Claiborne.
      1950 N Claiborne Ave, New Orleans, LA 70116
      View Details
    • $1,800 /Mo
      830 SF

      Marigny Triangle Ground Level Apartment

      Two-bedroom, one-bath apartment in the Marigny Triangle, available 10/1/25.
      936 Kerlerec St, New Orleans, LA 70116
      View Details
    • New
      $1,250 /Mo

      New Orleans Two-Bedroom Apartment

      Recently constructed 2 bed, 1 bath apartment with natural light.
      1718 St. Ann St, New Orleans, LA 70116
      View Details
    • $1,200 /Mo
      550 SF

      Charming New Orleans Quadplex Apartment

      Character-filled apartment with utilities included in a vibrant location.
      1516 Saint Ann St, New Orleans, LA 70116
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    • $1,450 /Mo
      700 SF

      Restored Apartment in Historic Treme

      Luxury 2BR/1BA apartment in Treme, available September 1st.
      1428 Ursulines Ave, New Orleans, LA 70116
      View Details
    • $85 SF/Yr
      1,080 SF

      Retail Space in New Orleans

      Retail space available for lease in New Orleans, LA.
      500 Saint Peter St, New Orleans, LA 70116
      View Details
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    1131-1137 Bourbon St
    New Orleans, LA 70116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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