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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