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12.6% CAP | CSTR Portfolio For Sale

624 S Lopez St New Orleans, LA 70119

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Overview

This short-term rental portfolio in New Orleans consists of Six (6) active Commercial Short Term Rental Licenses which offers investors three high-demand duplex properties totaling six rental units which is made up of 18 bedrooms and 12 bathrooms, strategically located in the vibrant Mid-City and Treme neighborhoods. 624-626 S. Lopez Street is a Mid-City Duplex that features two (2) 3-bedroom, 2-bath units with master suites, luxurious bathrooms, open-concept kitchens, and a courtyard, steps from Whole Foods and the French Quarter. 734-736 S. Lopez Street is a Mid-City CSTR duplex, that is composed of (2) two 3-bedrooms, 2-bath units with a welcoming porch, modern kitchen and prime proximity to parade routes and the downtown area, which is ideal for Mardi Gras and year-round guests. 2009-2011 N. Claiborne Ave is a Duplex located in Treme which is comprised of (2) two units that the layout is made up with 3-bedroom, 2-bath in each unit, boasting modern amenities like WiFi, in-unit laundry, and parking, just 16 miles from the airport and near the French Quarter. Fully equipped and positioned for strong occupancy, this turnkey portfolio promises consistent cash flow in one of America’s top hospitality markets.

Commercial Short-Term Rental (CSTR) licenses in New Orleans are currently capped, with no new licenses being issued and growing indications that the city may permanently halt future issuances. This regulatory environment has created a high barrier to entry and increased scarcity, significantly enhancing the value of properties with active CSTR licenses. Unlike residential STR permits, CSTR licenses are tied to the property itself—similar to liquor or video poker licenses—which means they convey with the sale and remain valid regardless of ownership changes. While some investors perceive regulatory risk, the fixed nature and transferability of these licenses offer a unique layer of protection and long-term upside potential. With strong cash flow, turnkey operations, and desirable locations, this portfolio represents a rare chance to acquire appreciating hospitality assets in one of the country’s most resilient tourism markets.

For Sale

Multifamily

Secondary Uses: Low Rise

Sale Price
$1,625,000
Price Per SF
$264.2/SF
Cap Rate
12.61%
Building Size
6,150 SF
Acres
0.071 ac
Zoning
MU-2
Gross Income
$296,437
Net Operating Income
$204,993
Number of Buildings
3
Floors
1
Year Built
1920
Construction Siding
Wood
Construction Type
Framed
Submarket
Greater New Orleans
Property Status
Existing
In Opportunity Zone
Yes
Total Units
6
County
Orleans
Available
2025-04-28
Created
2025-04-28
Updated
2025-06-24
Listing ID
39c92fd6
Parcel APN
105204811