Address: 1216-1226 Chartres Street, New Orleans, LA 70116
An extraordinary French Quarter opportunity! Two original Greek Revival double townhouses, designed in 1846 by notable architect, J.N.B: De Pouilly. This historic building assemblage features shared alleyways and courtyards, with a total of twenty (20) residential units. Located just between Royal Street & Decatur Street and the historic French Market, the building is located in the quiet residential section of the Quarter, but also steps to all of the world class dining and entertainment venues.
The two (2) buildings are situated on two separate parcels of record with two courtyard areas and a pool. Balconies on the second floor units fronting Chartres Street, as well as on the second floor of the rear units fronting the courtyards. Each unit is separately metered for utilities. The unit mix is included in the offering detail.
The current owners have renovated each unit to a vanilla box, and they are ready for custom finishes to complete. The property is well positioned for condo conversion or long term rental. The property is eligible for State and Federal Historic Tax Credits for qualifying rehabilitation expenditures.
Price: $5,300,000 | $265,000 Per Unit
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 Gordon McLeod 504-717-3648 or Cameron Griffin 504-535-5680 for further details
1216 Chartres Offering Memorandum