1127 Decatur St, New Orleans, LA 70116
- $1,275,000
- 4
- BD
- 5,058
- SqFt
- List Price
- $1,275,000
- MLS#
- 2555851
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Creole
- Stories
- 4
- Bedrooms
- 4
- Acres
- 0.08
- Living Area
- 5,058
- Parish
- Orleans
Property Description
There are properties you buy — and then there are properties that choose you. This four-story mixed-use building, zoned Vieux Carré Commercial (VCC), sits at one of the most coveted addresses in America, offering four income streams, extraordinary original architecture, and significant upside potential upon renovation. Steps from the French Market, the Mississippi River, the New Orleans Jazz Museum, and the newly opened Goldring Woldenberg Riverfront Park — creating nearly 2¼ miles of continuous riverfront access. Thousands of visitors walk this block of Decatur Street daily. GROUND FLOOR — A retail tenant in place with a 10-year lease, generating income from day one. Classic French Quarter storefront with original display windows and exceptional street presence. SECOND FLOOR — A one-bedroom apartment with wide-plank hardwood floors, ornate original millwork, full kitchen and bath, and French doors opening onto a gallery overlooking Decatur Street. THIRD FLOOR — An expansive signature space boasting two fireplaces, rich architectural details, and a private balcony with sweeping views over the Quarter. A premium rental or owner’s residence in the making. FOURTH FLOOR — A finished attic-level studio with stained glass skylights, an oversized cast-iron soaking tub, and a magnificent marble sink. A space that rewards imagination. REAR COURTYARD & DEPENDENCY — A laid-brick private courtyard leads to a two-story dependency producing rental income for over 20 years, featuring a one-bedroom layout with an original two-sided fireplace. Proven revenue streams. A 10-year retail lease. A globally recognized location. Original brick, iron, timber, and marble that cannot be reproduced at any price. For the investor prepared to renovate, this property offers a generational return in one of America’s most enduring real estate markets.
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Additional Information
- Exterior Features
- Balcony, Courtyard
- Roof
- Slate
- Sewer
- Public Sewer
- Water
- Public
- Pool Description
- None
- Heating
- Central
- Cooling
- Central Air
Mortgage Calculator
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