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Property profile & analytics
OFF-MARKET Estimated value $725,000
Investment properties

235 Chartres St New Orleans, LA 70130-2214

2,460 SF 0.02 ac lot Built 1850
Entity Owned 1-yr Hold
Property ID
US36-2579112
Property summary
AI-generated overview

This exceptional three-story, 3,167 square foot storefront at 235 Chartres Street in New Orleans' vibrant French Quarter presents a unique investment opportunity. Built in 1850 and extensively renovated in 2020, this property boasts a prime location with high visibility and substantial foot traffic from both tourists and locals. The ground floor offers a thriving retail space, currently operating at 100% occupancy. The second and third floors comprise attractive apartments, each featuring a private balcony overlooking Chartres Street. The second floor offers potential for additional retail use, enhancing the property's flexibility. The third-floor apartment includes a private bedroom and washer/dryer hookups. All three floors include full bathrooms. The property sits on a 1,060 square foot lot and is zoned VCC-2. With its blend of commercial and residential space, this building is ideal for owner-occupancy or as a lucrative investment property. The asking price is $1,390,000, translating to $438.90 per square foot. This is a rare chance to acquire a dynamic property in a high-demand area with significant upside potential. The property's APN is 206102409.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1850
Total area 2,460 SF
Lot 0.02 ac (1,060 SF)
APN 206102409
UPID US36-2579112
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Royal Standard (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$510k
Comparable Approach Comparable
$683k
Blend (final) Blend
$725k
Owner & transaction history
Latas Family Investments LLC · 1 yrs held
Latas Family Investments LLC
since 2025
Last sale
$150
4 recorded transactions
2025
$150
2020
$1.3M
2016
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $575,000 +11.7%
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