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Prime French Quarter Multi-Unit Investment Opportunity
1031 Chartres St, New Orleans, LA 70116
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Overview
Located at 1031 Chartres Street, this beautifully restored Creole cottage dating back to the 1820s offers a rare chance to acquire three residential units on a single property in the heart of New Orleans’ most visited neighborhood. Perfect for investors seeking stable long-term rentals, boutique hospitality, or short-term rental portfolios (subject to local regulations).
The property combines historic architectural elements—exposed brick, original woodwork, classic wrought iron—with updated systems and a private brick courtyard. Each unit is designed to attract discerning tenants or guests looking for an authentic French Quarter experience.
Highlights:
- Three units for sale on one lot – ideal for investment, hospitality, or live-plus-income strategy.
- Located on a quiet, residential block in the French Quarter, just steps from major attractions that drive year-round rental demand.
- Strong pedestrian traffic with high walkability:
- French Market – 3 blocks
- Cafe Du Monde & Jackson Square – 4 blocks
- St. Louis Cathedral – 4 blocks (historic cultural anchor)
- St. Mary’s Catholic Church & Ursuline Convent Chapel – next door
- Immaculate Conception Jesuit Church – 3–4 blocks
- Mississippi Riverfront & Woldenberg Park – 5-minute walk
- Frenchmen Street – 6-minute walk to nightlife & music
- Royal Street shops & galleries – around the corner
- Proximity to grocery options (Verti Marte, Matassa’s, Rouses Market) supports extended-stay models.
Investment Potential:
- Multiple exit strategies: long-term leasing, luxury furnished rentals, or boutique hospitality.
- Rare opportunity to own income-producing property in the French Quarter’s tightly held residential sector.
- Strong tourism and local festival calendar drive high occupancy and ADR (average daily rate) potential.
- Three units for sale on one lot – ideal for investment, hospitality, or live-plus-income strategy.
- Located on a quiet, residential block in the French Quarter, just steps from major attractions that drive year-round rental demand.
- Strong pedestrian traffic with high walkability:
- French Market – 3 blocks
- Cafe Du Monde & Jackson Square – 4 blocks
- St. Louis Cathedral – 4 blocks (historic cultural anchor)
- St. Mary’s Catholic Church & Ursuline Convent Chapel – next door
- Immaculate Conception Jesuit Church – 3–4 blocks
- Mississippi Riverfront & Woldenberg Park – 5-minute walk
- Frenchmen Street – 6-minute walk to nightlife & music
- Royal Street shops & galleries – around the corner
- Proximity to grocery options (Verti Marte, Matassa’s, Rouses Market) supports extended-stay models.
For Sale
Multifamily
Hospitality
- Sale Price
- $1,300,000
- Price Per SF
- $600.7/SF
- Building Size
- 2,164 SF
- Acres
- 0.062 ac
- Is Vacant
- Yes
- Zoning
- VCR-2
- Zoning Description
- Vieux Carre Residential District
- Building Name
- 1031 Chartres Street
- Floors
- 2
- Total Units
- 3
- Laundry
- In Each Unit
- County
- Orleans Parish
- Created
- 07/08/2025
- Updated
- 07/08/2025
- Listing ID
- 2f62811f
- Parcel APN
- 208100706

















