1400 GOVERNOR NICHOLLS Street, New Orleans, LA 70116 (MLS# NO2532374)

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
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.