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1127 Decatur Street
New Orleans, LA 70116

$1,275,000 - Status: Active
SQFT: 5,058
MLS# 2555851

There are properties you buy ? and then there are properties that choose you. This four-story mixed-use building, zoned Vieux Carr 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.

Property Features

MLS#: 2555851
Zip: 70116
Subdivision:
Development:
Property Type: Multi Unit - Multiple
Number of Units: 3
Cooling: Central Air
Days on Site: 5
Heating: Central
Home Style: Mixed Use, Creole
Lot Size: 0.08 acres
Roof Type: Slate
Stories: 4.0

Feature Descriptions

Exterior: Brick, Concrete, Stucco
Exterior Features: Balcony, Courtyard
Lot Description: City Lot, Rectangular Lot
Lot Dimensions: 25x130
Parking: Off Street
Patio/Porch: Balcony
Property Condition: Average Condition
Sewer: Public Sewer
Units: 3
Water: Public

1127 Decatur Street | MLS# 2555851

This multi-family property located at 1127 Decatur Street , New Orleans, LA 70116 is currently listed for sale with an asking price of $1,275,000. Search New Orleans real estate on www.riccire.com today.

Listed By / Shown By

Listed By

Agency Name: Crescent Sotheby's International
Agency Phone: (504) 944-3605

Shown By

Agency Title: Ricci Real Estate
Agency Phone: (504) 372-0050

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