Address: 1216-1226 Chartres Street, New Orleans, LA 70116
French Quarter 20-Unit Multi-Family for Sale. Two (2) buildings connected by adjoining courtyards and a pool! Balconies and porches overlooking Chartres Street. Each unit is separately metered for utilities. The property is located between Royal Street & Decatur Street steps from Jackson Square, Frenchmen Street, and the historic French Market in the French Quarter, full of world class dining and entertainment venues.
Due to extenuating circumstances, the current owners have elected to move the property after partial renovation. Approximately 60% of renovation has been completed. 10 Units in 1216 Chartres are close to “vanilla box” form. Less work has been performed on the 10 Units in 1220-26 Chartres.
Tax incentives available: A Part 1 Application for Federal & State Historic Tax Credits has been approved, to determine eligibility for obtaining Federal & State Historic Rehabilitation Tax Credits (45%) for qualifying development expenditures. The twin Greek Revival double townhouses were designed in 1846 by notable architect, J.N.B: De Pouilly, who was the architect of the St. Louis Cathedral and many other French Quarter buildings.
Price: Contact Broker
Gross Building Area: 13,340 square feet
Unit Count: Twenty (20) Units | Five (5) 2 Bed /1 Bath & Sixteen (16) 1 Bed / 1 Bath
Site Size: Two Parcels | 22′ x 121′ & 23′ x 161′ (6,365 square feet approximately)
Zoning: VCR-2 – Vieux Carre Residential District
Please contact Cameron Griffin 504-535-5680 for further details
