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2638 New Orleans St

2638 New Orleans St, New Orleans, LA 70119

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Overview

One property, four income streams, endless opportunity. Prime investment opportunity Located in the 7th w/d featuring both income-producing and value-add potential. Liquor License. The ground floor commercial space was previously operating as a bar with rental income of $1,600/month, 

 This versatile space includes two bathrooms and a full kitchen, easy conversion into a restaurant or other food/beverage concept. Upstairs, you’ll find two 2-bedroom, 1-bath units—both in need of renovation—each with a projected rental income of $1,375/month after updates. Additionally, the property includes a separate 1-bedroom studio unit in a stand-alone house, potential rent $1,000/month -need renovations. With multiple income streams and opportunities to increase rental rates, this property is investors looking to maximize returns in a sought-after location.

For Sale

Investment
Retail

Secondary Uses: Mixed Use

Sale Price
$350,000
Price Per SF
$84.32/SF
Building Size
4,151 SF
Lot Size
0.074 ac
Zoning
HU-RD2
Zoning Desc.
Historic Urban Two Family Residential District
Pro Forma NOI
$45,000
Property Status
Existing
Parish
Orleans
Available
02/26/2026
Listed
02/04/2026
Updated
02/26/2026
Listing ID
09a7299a
Parcel APN
37W212912