Active
Sale
Investment

641 S Salcedo St

641 S Salcedo St, New Orleans, LA 70119

For Sale

$200,000

$199.00/SF

Cap Rate
14.09%%
Building Size
1,005 SF
Lot Size
1,180 ac
Parish
Orleans
Days on Market
168
Listed
04/15/2026
Updated
07/26/2026
641 S Salcedo St
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Overview

 Mixed-Use (MU) Zoned Property in the Heart of Mid-City Positioned just blocks from the New Orleans BioMedical District, VA Hospital, University Medical Center, Tulane Avenue Corridor, Downtown, and the French Quarter, this mixed-use (MU) zoned property offers exceptional flexibility in one of the city's fastest-growing areas. The 1,005± square foot building features three private rooms, one full bath, an updated kitchen, beautiful hardwood floors, gated off-street parking, energy-efficient windows, and major system improvements including the roof and HVAC (approximately five years old).

The property's MU zoning creates opportunities for a variety of potential uses, including professional office, owner-occupied business, live/work space, residential occupancy, or other permitted mixed-use applications (buyer to verify all intended uses with the City of New Orleans). The property has a documented operating history as a professionally managed short-term rental, providing additional insight into its income-producing capability while offering future owners multiple ownership strategies.

Highlights include: • MU Mixed-Use Zoning • Prime Mid-City Location • Minutes to the Medical District, CBD, French Quarter and Interstate Access • Gated Off-Street Parking • Updated Roof & HVAC • Energy-Efficient Windows • Hardwood Floors • Low-Maintenance Site • Established Income History Available • Owner/User or Investment Opportunity

Properties with this combination of location, flexibility, parking, and mixed-use zoning are increasingly difficult to find at this price point.


Commercial Zoned Property with Established Short Term Rental Use | Mid-City New Orleans 641 S Salcedo presents a unique opportunity to acquire a commercially zoned property currently operating as a short term rental with documented income history and professional management in place.

This 3 bedroom, 1 bath property has been updated with major improvements completed approximately five years ago, including roof and HVAC, allowing for continued operation without immediate capital expense. The property also features energy-efficient windows and off-street parking, both valuable for guest experience and long-term ownership.

The current use and zoning create a strong position for a buyer seeking a property that is already functioning within the short term rental space. There may be an opportunity for a buyer to continue operations within an existing structure, subject to their own due diligence and city requirements.

This offering is well suited for an investor, part-time owner, or buyer seeking a flexible-use property in a high-demand location with proximity to the medical corridor, downtown, and major New Orleans attractions. ,br>
Financial history and management details available upon request.

Attachments

Additional Information

City
New Orleans
State
LA
Zip Code
70119
Zoning
MU-2
Zoning Desc.
High Intensity Mixed Use District
NOI
$28,186
Year Built
1943
Parking Spaces
2
Submarket
AirBnb
Property Use Type
Investment
Ceiling Height
9'
Parcel APN
105204826
Listing ID
02a18e3c

Parcel & Location