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    Property profile & analytics

    522 Madison St New Orleans, LA 70116

    • Apartment buildings
    • 7,260 SF
    • 0.06 lot acres
    For Sale
    View listing
    $2,350,000
    Value Estimation
    Last Sale
    Jan 30, 2020
    $2,000,000
    Location Intelligence
    Property ID
    US36-0600034
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 522 Madison St

    Year built
    1850
    Lot size
    0.06 lot acres
    Property size
    7,260 SF
    Property type
    Apartment buildings
    APN
    207100707
    APU
    207100707

    Description

    This exceptional investment opportunity presents a meticulously preserved 10-unit apartment building at 522 Madison Street in New Orleans' historic French Quarter. Built in 1827, this property, designed by renowned French architect Louis H. Pilie, boasts 7,260 square feet across two buildings separated by a courtyard. The property includes a desirable penthouse with stunning rooftop views of the Mississippi River, the New Orleans skyline, and the vibrant French Quarter. Currently featuring a mix of ten 1-bedroom, 1-bathroom units, including three month-to-month leases, this property offers immediate value-add potential due to below-market rents. The building also features an elevator and laundry room. Situated on a 0.06-acre lot within the Vieux Carré Commercial District (VCC-1 zoning), this property is eligible for National Registry Status and presents an excellent opportunity for redevelopment utilizing State and Federal Historic Tax Credits or condominium conversion. Its central location provides easy access to St. Louis Cathedral, Cafe Du Monde, and numerous restaurants, bars, and museums. The currently vacant penthouse offers the potential for owner occupancy or a unique rental opportunity. This is a rare chance to acquire a piece of New Orleans history with significant upside potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,760,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,955,000
      6.5%
      $2,215,000
      7%
      $2,000,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,990,000
      Geo Method
      $2,130,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,865,000
      Retail
      $1,840,000
      Mixed-Use
      $2,255,000
      Hospitality
      $1,870,000
      Educational
      $1,720,000
      Residential Income
      $1,780,000
      Energy
      $2,070,000
      Income-Based Land
      $2,295,000
      Food Service
      $2,065,000

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -90.0623
    Latitude
    29.9582
    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
    $18,200
    $181,800
    $200,000
    -
    $182,000
    $1,818,000
    $2,000,000

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    522 Madison 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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