1021 Kerlerec St New Orleans, LA 70116-1905
Property profile & analytics
1021 Kerlerec St New Orleans, LA 70116-1905
- Bed & breakfasts
- 4,950 SF
- 0.09 lot acres
Property ID
US36-0400587
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Madame Isabelle's House In New Orleans / Hostel
Property Details for 1021 Kerlerec St
- Year built
- 1930
- Construction
- FRAME
- Lot size
- 0.09 lot acres
- Property size
- 4,950 SF
- Property type
- Bed & breakfasts
- APN
- 37W101707
- APU
- 37W101707
Description
This exceptional investment opportunity presents a thriving, established hostel in the heart of New Orleans, Louisiana. The property, located at 1021 Kerlerec St, New Orleans, LA 70116, boasts 14 beds across 8 keys within a three-story building totaling 5,906 square feet on a 4,000 square foot lot (APN: 37W101707). The hostel, operating under a B&B license (HMR-1 zoning), benefits from significantly reduced tax burdens compared to hotels and short-term rentals. Renovated in 2014, this turnkey operation includes all furniture, fixtures, and equipment (FF&E), along with established online travel agency (OTA) and review site accounts. Financial information, including a Net Operating Income (NOI) of $216,000 and a current asking price of $1,640,000 ($277.68/sq ft), is available upon request after signing a non-disclosure agreement. The hostel enjoys high occupancy rates due to its strong reputation and loyal clientele, evidenced by positive online reviews. This presents a unique opportunity to acquire a profitable, established business with a proven track record of success, achieving its most profitable year in 2023. The sale includes the real estate and the ongoing business. This is a ground lease-free property.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans
- State
- Louisiana
- Longitude
- -90.0622
- Latitude
- 29.9666
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$14,000
$60,000
$74,000
-
$140,000
$600,000
$740,000
