1127 Decatur Street, New Orleans, LA 70116
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
1127 Decatur Street,New Orleans, LA 70116
$1,275,000
- 4 Beds
- 5 Baths
- 5,058 sq. ft.
- Multi-family
- Active
Listed by: gary adams
Office: crescent sotheby's international
MLS#:2555851
Source:LA_GSREIN
Price summary
- Price:$1,275,000
- Price per sq. ft.:$252.08
About this home
There are properties you buy — and then there are properties that choose you. This four-story mixed-use building, zoned Vieux Carré Commercial (VCC), sits in one of the most coveted and foot-traffic-saturated addresses in America, offering four income streams, extraordinary original architecture, and significant upside potential upon renovation.
Steps from the legendary French Market, the Mississippi River, the New Orleans Jazz Museum, and the newly opened Goldring Woldenberg Riverfront Park — a stunning new public green space that just debuted on the former Governor Nicholls Street wharf, creating nearly 2¼ miles of continuous riverfront access. Thousands of visitors walk this block of Decatur Street daily. The demand here never sleeps.
GROUND FLOOR — Income Day One; a retail tenant is in place with a 10-year lease, generating monthly income from closing. Classic French Quarter storefront with original display windows and exceptional street presence.
SECOND FLOOR — Residential Unit; a one-bedroom apartment featuring wide-plank hardwood floors, a period chandelier, ornate original millwork, full kitchen and bath, and two sets of French doors opening onto a gallery overlooking Decatur Street. Once renovated, this unit commands premium rental rates in a market where demand perpetually outpaces supply.
THIRD FLOOR — Signature Space; an expansive floor boasting two fireplaces, rich architectural details, and two sets of French doors opening onto a private balcony with sweeping third-level views over the Quarter and beyond. A premium long-term rental or owner's residence in the making.
FOURTH FLOOR — The Hidden Gem; a finished attic-level studio complete with washer/dryer, walk-in shower, an oversized cast-iron soaking tub, stained glass skylights, and a magnificent marble sink. A space that rewards imagination — and renovation.
REAR COURTYARD & DEPENDENCY — Proven Income; a laid-brick private courtyard leads to an original two-story dependency that has produced rental income for over 20 years. The unit features a one-bedroom, one-bath layout with an original double-sided fireplace opening to both kitchen and living area. A ground-level green space provides rare outdoor entertaining space in the heart of the Quarter.
THE BOTTOM LINE; Proven revenue streams. A 10-year retail lease. A location that is globally recognized. Original fabric — brick, iron, timber, marble — that cannot be reproduced at any price. For the investor prepared to complete sympathetic renovations, this property offers a generational return in one of America's most enduring real estate markets....
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Home facts
- Year built:1830
- Listing ID #:2555851
- Added:11 day(s) ago
- Updated:May 14, 2026 at 03:13 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Full bathrooms:5
- Living area:5,058 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Heating
Structure and exterior
- Roof:Slate
- Year built:1830
- Building area:5,058 sq. ft.
- Lot area:0.08 Acres
- Lot Features:City Lot, Rectangular Lot
- Construction Materials:Brick, Concrete, Stucco
- Exterior Features:Balcony, Courtyard
- Foundation Description:Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,275,000
- Price per sq. ft.:$252.08
Parking
- Parking description:Off Street
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