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 at one of the most coveted addresses in America, offering four income streams, extraordinary original architecture, and significant upside potential upon renovation. Steps from the French Market, the Mississippi River, the New Orleans Jazz Museum, and the newly opened Goldring Woldenberg Riverfront Park — creating nearly 2¼ miles of continuous riverfront access. Thousands of visitors walk this block of Decatur Street daily. GROUND FLOOR — A retail tenant in place with a 10-year lease, generating income from day one. Classic French Quarter storefront with original display windows and exceptional street presence. SECOND FLOOR — A one-bedroom apartment with wide-plank hardwood floors, ornate original millwork, full kitchen and bath, and French doors opening onto a gallery overlooking Decatur Street. THIRD FLOOR — An expansive signature space boasting two fireplaces, rich architectural details, and a private balcony with sweeping views over the Quarter. A premium rental or owner’s residence in the making. FOURTH FLOOR — A finished attic-level studio with stained glass skylights, an oversized cast-iron soaking tub, and a magnificent marble sink. A space that rewards imagination. REAR COURTYARD & DEPENDENCY — A laid-brick private courtyard leads to a two-story dependency producing rental income for over 20 years, featuring a one-bedroom layout with an original two-sided fireplace. Proven revenue streams. A 10-year retail lease. A globally recognized location. Original brick, iron, timber, and marble that cannot be reproduced at any price. For the investor prepared to renovate, this property offers a generational return in one of America’s most enduring real estate markets.
Multi-familyProperty Type
1830Year Built
3,484 sq ftLot Size
$252Price/Sq.Ft.
Listed by Douglas Adams• Crescent Sotheby's International Realty
Mary McLeod Bethune Elementary School of Literature & Technology
Charter PreK-8 • Assigned • 2.2mi
8/10
Provided by GreatSchools
About French
Quarter
French Quarter, located between Canal Street and Esplanade Avenue, is a historic and nightlife New Orleans neighborhood with wrought-iron balconies and narrow, lantern-lit streets. The neighborhood’s character concentrates around Bourbon Street at St. Peter Street, where music clubs, courtyard bars, and late-night bites spill into the sidewalks. Jackson Square frames a formal green with the St. Louis Cathedral and a steady rhythm of street performers. Preservation Hall and The Historic New Orleans Collection anchor the cultural calendar in intimate, old-world rooms. Creole townhouses, hidden patios, and brick alleys shape a walk-first lifestyle. The Mississippi River edge at Woldenberg Park adds breezes and long views beside the Moon Walk promenade.
Provided by Walk Score and Local Logic
Offer insights
1127 Decatur St · $1,275,000
$1.25M and above
75% chance or better to win
Why $1.25M+ is a strong offer
DAYS ON MARKET
123 days
The average home goes pending in 71 days.
SALE-TO-LIST
95.3%
Most homes are selling 5% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Average condition
Bedrooms
Three residential units: two 1-bedroom units and one 2-bedroom unit
Bathrooms
Five full bathrooms total; each unit has a full bathroom (two units with 1 bath each, one unit with 1 full bath)
Heating & cooling
Central heating
Central air conditioning
Exterior features
Balcony
Courtyard
City lot with rectangular parcel (approx. 25 x 130)
Home design
Four-story building
Construction
Brick, concrete, and stucco construction
Slate roof
Slab foundation
Built condition described as average
Utilities
Public water
Public sewer
Financial info
Multifamily property with 3 total units
Electricity and solar
View estimated energy costs and solar savings for this home
There are properties you buy -- and then there are properties that choose you. This four-story mixed-use building, zoned Vieux Carre Commercial (VCC), sits at one of the most coveted addresses in America, offering four income streams, extraordinary original architecture, and significant upside potential upon renovation. Steps from the French Market, the Mississippi River, the New Orleans Jazz Museum, and the newly opened Goldring Woldenberg Riverfront Park -- creating nearly 21/4 miles of continuous riverfront access. Thousands of visitors walk this block of Decatur Street daily. GROUND FLOOR -- A retail tenant in place with a 10-year lease, generating income from day one. Classic French Quarter storefront with original display windows and exceptional street presence. SECOND FLOOR -- A one-bedroom apartment with wide-plank hardwood floors, ornate original millwork, full kitchen and bath, and French doors opening onto a gallery overlooking Decatur Street. THIRD FLOOR -- An expansive signature space boasting two fireplaces, rich architectural details, and a private balcony with sweeping views over the Quarter. A premium rental or owner's residence in the making. FOURTH FLOOR -- A finished attic-level studio with stained glass skylights, an oversized cast-iron soaking tub, and a magnificent marble sink. A space that rewards imagination. REAR COURTYARD & DEPENDENCY -- A laid-brick private courtyard leads to a two-story dependency producing rental income for over 20 years, featuring a one-bedroom layout with an original two-sided fireplace. Proven revenue streams. A 10-year retail lease. A globally recognized location. Original brick, iron, timber, and marble that cannot be reproduced at any price. For the investor prepared to renovate, this property offers a generational return in one of America's most enduring real estate markets.
Year
Property tax
Land + Additions
Assessment*
2018
$7,258 (+21.9%)
$22,750 + $31,230
$53,980
2017
$5,953 (−1.0%)
$19,500 + $27,930
$47,430
2015
$6,014
$19,500 + $27,930
$47,430
2014
$6,019
$19,500 + $27,930
$47,430
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
3,250 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
0
Unfinished Sq. Ft.
0
Total Sq. Ft.
0
Year built
—
Style
Other
County
Orleans Parish
APN
208100516
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 11, 2023.
VCC-1
IZD - NON-COMMERCIAL STR SPECIAL EXCEPTION
IZD - COMMERCIAL SHORT TERM RENTAL
IZD - BED AND BREAKFAST
Vieux Carré Commercial District
The VCC-1 Vieux Carré Commercial District is intended to provide for restricted retail stores and service establishments that will attract and service local residents and tourists, and that will not adversely affect the character of nearby residences or detract from the overall character of the Vieux Carré
Zone overlays
Commercial Short-Term Rental Interim Zoning District
Bed and Breakfast Interim Zoning District
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Retail-Grocery
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Office
Historical weather
New Orleans, LA • 70116
Average low and high temperatures (°F)
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68
75
61
66
51
Jan
Feb
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Apr
May
Jun
Jul
Aug
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Oct
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Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 1127 Decatur St
$1,185,623
$89K under list price of $1.28M
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $637K to $1.6M.