1400 GOVERNOR NICHOLLS Street, New Orleans, LA 70116
$799,000
Property Type:
MultiFamily
Square Footage:
4,914
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$799,000
List Date:
12/16/2025
Last Modified:
2/03/2026
Description
Great opportunity for buyers looking to avoid Standard financing. Bond for deed terms are as follows: only 15% down payment, 1st, 2nd and 3rd year @ 6% Interest rate and year 4th & 5th @ 7% interest rate, 15 year amortization! Rare and highly enticing opportunity to own a corner stucco 6-plex in the heart of Historic Treme--one of New Orleans' most vibrant and culturally rich neighborhoods. This income-producing property features separate water and electric meters and currently generates $6,702 per month, with projected rents exceeding $8,000 at full occupancy. If you are investors seeking strong cash flow or owner-occupants wanting to live in one unit while the others offset expenses. Enjoy a charming gated shared courtyard and an unbeatable location just one block from Esplanade Avenue and only steps from the French Quarter. Walk to iconic historic shops, renowned neighborhood restaurants, local bars and pubs, coffee houses, and the very best tours and attractions the Quarter has to offer. Seller is offering creative financing for up to 5 years with negotiable terms--an exceptional chance to own a prime New Orleans asset and elevate your investment portfolio. Measurements are approximate and should be verified by purchaser and/or purchasers agent. Seller requires all buyers to view property prior to submitting an offer!
Supplements: ********
More Information MLS# NO2532374
Listing Info
Delayed Marketing: No
List Price/SqFt: 162.6
Document Modified: 2026-02-03 10:10:22.777181
Status: Active
Listing Date: 2025-12-15
Listing Price: 799000
Current Price: $799,000
Modification Timestamp: 2026-02-03T16:10:22Z
Photo Modified: 2026-02-02T23:45:22Z
Location, Tax & Legal Info
Legal Desc: as per title
General Property Description
Lot Dimensions: 56 x 53 x 73 x54
Stories: 2
SqFt - Total: 4914
SqFt - Source: Public Record
Individual Metered?: Yes
Number of Units: 6
Acres: 0.13
Remarks & Misc
Remarks: Great opportunity for buyers looking to avoid Standard financing. Bond for deed terms are as follows: only 15% down payment, 1st, 2nd and 3rd year @ 6% Interest rate and year 4th & 5th @ 7% interest rate, 15 year amortization! Rare and highly enticing opportunity to own a corner stucco 6-plex in the heart of Historic Treme--one of New Orleans' most vibrant and culturally rich neighborhoods. This income-producing property features separate water and electric meters and currently generates $6,702 per month, with projected rents exceeding $8,000 at full occupancy. If you are investors seeking strong cash flow or owner-occupants wanting to live in one unit while the others offset expenses. Enjoy a charming gated shared courtyard and an unbeatable location just one block from Esplanade Avenue and only steps from the French Quarter. Walk to iconic historic shops, renowned neighborhood restaurants, local bars and pubs, coffee houses, and the very best tours and attractions the Quarter has to offer. Seller is offering creative financing for up to 5 years with negotiable terms--an exceptional chance to own a prime New Orleans asset and elevate your investment portfolio. Measurements are approximate and should be verified by purchaser and/or purchasers agent. Seller requires all buyers to view property prior to submitting an offer!
Office/Member/Contract Info
List AOR: NOMAR
Currently Not Used
Acreage Range: 0 - 0.5
Siding
Stucco: 1
Parking
No Parking: 1
Construction
Brick: 1
Foundation
Slab: 1
Roof
Composition: 1
Heating
Central: 1
Cooling
Central Air: 1
Financing
Lease Purchase: 1
Owner Finance: 1
Tenant Pays
Electric: 1
Water: 1
Originating Details
Originating System ID: ROAMM
Originating System Key: 53970658
Originating System Listing ID: 2532374
Originating System Name: ROAM Matrix
Location Tax Legal Info
Street Number: 1400
Street Name: GOVERNOR NICHOLLS Street
Parish: Orleans
State: LA
Zip Code: 70116
Tax Assessment Number: 208104015
Directions: Take I-10 East, exit toward Slidell, exit Esplanade Ave, turn right on Governor Nicholls St. Bounding Streets: Marais
Property Features
Siding: Stucco
Parking: No Parking
Construction: Brick
Foundation: Slab
Roof: Composition
Heating: Central
Cooling: Central Air
Tenant Pays: Electric; Water
Financing: Lease Purchase; Owner Finance
Documents
Listing Office:
Demand Realty
IDX
Last Updated: February - 03 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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