Stabilized Mixed-Use Building on St. Charles Avenue
$1,260,000
1513 Saint Charles Avenue, New Orleans, LA 70130
7
Cap Rate
88,000
NOI
Details:
Description:
This stabilized mixed-use investment is located on St. Charles Avenue in Uptown New Orleans along the historic St. Charles Streetcar line. The fully leased property features a long-term ground-floor restaurant tenant with a residential apartment above.
The asset offers in-place cash flow, contractual rent increases, and recent capital improvements, including a new roof completed in 2025. It is well suited for investors or 1031 exchange buyers seeking predictable income in a core Uptown location.
The property is centrally positioned between Uptown and Downtown New Orleans and is surrounded by a strong concentration of established restaurants and neighborhood retail, including Lula Restaurant & Distillery, Tito’s Ceviche, Houston’s, Raising Cane’s, and other established neighborhood operators.
The residential unit has previously held a short-term rental license and retains a configuration suitable for future STR use, subject to applicable approvals.
Do not disturb current tenant.
Documents:
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Offering Memorandum
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Location
Gallery
