For sale

$2,550,000

Est. $20,672/mo —

•

8,800

sq ft

315 Decatur St, New Orleans, LA 70130

About this home

Significant price reduction! Money-maker in the heart of the French Quarter with VCE-1 zoning! This renovated building features 5 residential units and one commercial street-fronting unit: Two 2bed/2bath units; Two 1bed/1bath units; One 3bed/2.5bath unit and a 700sqft commercial unit with a half-bath currently occupied by a tour booking company. The large unit is multi-level between the first and second floors and includes an in-ground pool and charming courtyard. The three street-facing units include balconies overlooking the goings-on of the Quarter. All units have floor plans with independent bedrooms (no pass-through shotgun layouts), in-unit laundry, central HVAC, stainless steel appliances, hardwood floors and large closets. Property was fully renovated in 2016 and sits in the heart of all the action the French Quarter provides. Most recent gross rental amount with 100% occupancy was $19,600/month.

Multi-familyProperty Type

1880Year Built

$290Price/Sq.Ft.

Listed by Andrew Grafe • FQR Realtors

Listing updated: Sep 18, 2026 at 10:47am

Redfin checked: 3 minutes ago

•Source:GSREIN #2506631

Payment calculator

$20,672 per month

Principal and interest$14,439

Property taxes

$2,961

HOA dues

Home insurance

$3,273

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Mary McLeod Bethune Elementary School of Literature & Technology

Charter PreK-8 • Assigned • 2.8mi

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

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Excellent condition

Bedrooms
Unit mix includes 1 three-bedroom unit, multiple two-bedroom units, and several one-bedroom and studio/commercial units (unit-level breakdown in Location section)

Bathrooms
Nine full bathrooms and one half bathroom in the building total

Laundry & utility
In-unit laundry

Heating & cooling
Central heating
Central air conditioning

Sale and tax history for 315 Decatur St

Sale History
Tax History

Date

Event

Price

GSREIN #2506631

Sep 12, 2025

Price Changed

$2,550,000

$290/sq ft

Jun 11, 2025

Listed

$2,750,000

$313/sq ft

AcadianaMLS #NO2506631

Sep 12, 2025

Price Changed

$2,550,000

$290/sq ft

Jun 11, 2025

Listed

$2,750,000

$313/sq ft

+50

AcadianaMLS #NO2475007

Nov 6, 2024

Listed

$2,750,000

$313/sq ft

AcadianaMLS #NO2441378

Apr 5, 2024

Listed

$2,875,000

$327/sq ft

AcadianaMLS #NO2216700

Jul 29, 2019

Listed

$3,499,000

$398/sq ft

AcadianaMLS #NO2179471

Oct 31, 2018

Listed

$3,499,000

$398/sq ft

GSREIN #2124226

Oct 2, 2018

Listing Removed

—

Aug 15, 2018

Price Changed

$3,499,000

$398/sq ft

Oct 2, 2017

Listed

$3,700,000

$420/sq ft

AcadianaMLS #NO2124226

Oct 2, 2017

Listed

$3,499,000

$398/sq ft

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

3,234 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

Unfinished Sq. Ft.

Total Sq. Ft.

Year built

—

Style

Other

County

Orleans Parish

APN

206101703

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Apr 11, 2023.

VCE-1

IZD - COMMERCIAL SHORT TERM RENTAL

IZD - BED AND BREAKFAST

IZD - NON-COMMERCIAL STR SPECIAL EXCEPTION

Vieux Carre Entertainment District

The purpose of this district is to provide for entertainment places and restricted retail stores along Decatur and N. Peters Streets that attract and serve visitors and local residents.

Zone overlays

Commercial Short-Term Rental Interim Zoning District
Bed and Breakfast Interim Zoning District

Permitted uses

Include but are not limited to:

Agriculture-Other
General retail
Retail-Grocery
Restaurant
Housing-Other
Infrastructure
Museum / gallery
Amusement facility
Park & open space

Historical weather

New Orleans, LA • 70130

Average low and high temperatures (°F)

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Sun exposure

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Provided by Shadowmap

Redfin Estimate for 315 Decatur St

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