$2,439,000

1138 Chartres St New Orleans, LA 70116

French Quarter Neighborhood

Estimated payment $15,948/month

Total Views 3,419
-- Bed
-- Bath
5,683 Sq Ft
$429 Price per Sq Ft

Highlights

  • Corner Lot
  • 3-minute walk to Ursulines Street Station
  • 4-minute walk to Cabrini Playground

About This Home

1138-40 Chartres Street offers an exceptional development opportunity in the heart of New Orleans' French Quarter, ideal for transforming into a boutique bed and breakfast, luxury condominiums, or high-end vacation rentals. Just moments from Jackson Square, Royal Street, and world-class dining and entertainment, this dual-structure property blends iconic architectural charm—iron balconies, high ceilings, and original hardwood floors—with exceptional redevelopment flexibility. Its layout and location support a range of lucrative strategies, including multi-unit short-term rentals or themed hospitality offerings, and may qualify for commercial or STR permitting pending city approval. With soaring demand for distinctive accommodations in this historic district, 1138-40 Chartres represents a compelling opportunity to capitalize on the area's strong tourism and rental markets while owning a piece of New Orleans' rich architectural heritage.UNIT 1: 319 SF- 1 BED/ 1 BATHUNIT 2: 262 SF- 1 BED/ 1 BATHUNIT 3: 789 SF- 1 BED/ 1 FULL & 1 HALF BATH UNIT 4: 445 SF- 1 BED/ 1 BATHUNIT 5: 552 SF- 1 BED/ 1 BATHUNIT 6: 360 SF- 1 BED/ 1 BATHOFFICE: 367 SF- 1 BED/ 1 BATH538: 2,589 SF- 2 BEDS/ 3 FULL & 1 HALF BATH

Listing Agent

Elizabeth Mcnulty

LATTER & BLUM (LATT28) License #995689813 Listed on: 05/28/2025

LATTER & BLUM (LATT28)

Co-Listing Agent

Ansley Garibaldi

LATTER & BLUM (LATT28) License #995697430

Property Details

Property Type

  • Other

Year Built

  • Built in 1880

Lot Details

  • Lot Dimensions are 48x100
  • Corner Lot
  • Oversized Lot
  • The community has rules related to zoning restrictions
  • Zoning described as VCR-2

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,683 Sq Ft Home
  • Property has 3 Levels
  • Living Quarters

Location

  • City Lot

Listing and Financial Details

  • Tax Lot 1, 2
  • Assessor Parcel Number 208100510

Property Details

Property Type

Other

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 48x100
  • Co List Office Mls Id: LATT28
  • Co List Office Phone: (504) 861-7575
  • Directions: https://www.google.com/maps/place/538+Governor+Nicholls sa=X&ved=1t:242&ictx=111
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Structure Type: Hotel/Motel, Mixed Use, Other
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 3

Interior Features

  • Owner Pays: All Utilities, Insurance, Janitorial Service, Taxes
  • Living Area: 5683.0

Exterior Features

  • Lot Features: Corner Lot, City Lot, Oversized Lot
  • Construction Type: Brick
  • Other Structures: Living Quarters

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 208100510
  • Zoning Description: VCR-2
  • Zoning: VCR-2

Tax Info

  • Tax Lot: 1, 2

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $2,439,000 +106.7% $429 / Sq Ft
05/22/2025 05/22/25 For Sale $1,180,000 -- $381 / Sq Ft
Source: ROAM MLS

Source: ROAM MLS

MLS Number: 2504044

Louisiana Orleans Parish New Orleans 70116 French Quarter

1138 Chartres St, New Orleans, LA

This home is located at 1138 Chartres St, New Orleans, LA 70116 and is currently priced at $2,439,000, approximately $429 per square foot. This property was built in 1880. 1138 Chartres St is a home located in Orleans Parish with nearby schools including Phillis Wheatley Community School, Homer Plessy French Quarter Community School, and Mary Bethune Elementary School.

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Elizabeth Mcnulty
Listing Agent
Elizabeth Mcnulty
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LATTER & BLUM (LATT28)
(504) 565-2192