Six18 House - Mixed-Use Luxury French Quarter Building

Multi-Family for Sale
Also listed as Retail-Commercial, Special Purpose
Catylist Listing ID: 30722370
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Mixed Use
Number of Units: 5 Units
Building Size (RSF): 9,012 SF
Gross Building Area: 14,000 SF
Sale Price: $5,750,000
Unit Price: $1,150,000 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 5.65%
Last Updated: 9/14/2021

Overview / Comments

Stirling Properties is pleased to bring to market an exciting and rare opportunity
to purchase a newly developed, mixed-use luxury building in the historic French Quarter.​ The property, Six18 House, is located at 618 N.​ Rampart Street and features four stunning three-story residential units and one ground floor commercial suite.​

Six18 House offers a rare balance of modern elegance and historic charm, as the developers were able to secure approval from the historic commission in the French Quarter to complete a more contemporary design - a very unique opportunity in this neighborhood.​

The development was completed in September 2019 and boasts high-end finishes and exquisite interior design, as well as a private parking garage for four vehicles and dedicated exterior balconies for each unit.​ The property is situated on a burgeoning stretch of N.​ Rampart Street, mere blocks from Bourbon Street and famed Jackson Square.​ It also fronts the popular streetcar line and is across from notable Louis Armstrong Park, where dozens of festivals and community celebrations are hosted each year.​ This is an incredible opportunity for an owner-occupier or investor to own a piece of the City in the heart of the French Quarter.​

​DISTRICT: Vieux Carre Historical District
​ZONING: VCC-2
​UNITS: 4 Residential + 1 Commercial
​COMMERCIAL SPACE: 1,250 SF
​NET AREA: 9,012 SF
​GROSS AREA: 14,000 SF
​YEAR BUILT: 2019
​FLOORS: 4
​BUILDING TYPE: Class A Multifamily Sprinklered Building

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: French Quarter
Taxing Authority: Orleans Parish
Tax ID/APN: 41022148
Zoning: VCC - 2
Property Located Between: North Rampart and Toulouse Street
Airports: New Orleans International Airport
Site Description: • Located in the historic French Quarter • 3 Blocks from Bourbon Street • 1 Block from Louis Armstrong Park and Congo Square, the location of many music, art and food festivals
Area Description: • 18.51 Million visitors to Downtown New Orleans (2019) • Located along the Rampart/St. Claude Streetcar line (318k riders in 2019)
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 4
Year Built: 2019
Construction/Siding: Stucco
Parking Type: Other
Parking Description: Private Parking Garage
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Vieux Carre Hisotrial District
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,103 188,914 402,890
Median Age: 40.59 35.91 36.93
Households: 11,518 82,855 169,801

Contact

Photograph of Listing Agent

Justin P Langlois

Stirling Properties Baton Rouge Baton Rouge, LA 70809
LACDB Member
Photograph of Listing Agent

Carly Plotkin

Stirling Properties New Orleans Baton Rouge, LA 70809
LACDB Member
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