1127 Decatur St, New Orleans, LA 70116

Property Description

Built circa 1830, 1127 Decatur Street is a 5,058-square-foot, four-story mixed-use building in the French Quarter, one block from the French Market. Both tenants — ground-floor retail and the dependency — have recently vacated, putting all three income components under one owner's control for the first time: storefront, second-floor apartment, and dependency, plus a third-floor residence and primary suite.The building sits on a 3,484.8-square-foot lot, zoned VCC-1, and is offered at $1,275,000, backed by a recent appraisal.The ground-floor storefront has original display windows and direct sightlines down Decatur Street. A separate passage beside the storefront leads from Decatur Street through exposed brick and plaster to the rear courtyard, giving the upper floors and dependency independent access. The second-floor apartment has wide-plank hardwood floors, original millwork, a full kitchen and bath, and French doors onto a gallery elevated two stories above the street. A covered walkway connects this floor to the dependency's second story, aiding ventilation. The third floor has two fireplaces and French doors to a private balcony with views of the Crescent City Connection, Esplanade Avenue, and Decatur Street. A tall arched window lights the third-floor stair landing, where a steep but solid original staircase climbs to an attic-level primary suite: an open bedroom with exposed timber framing, brick masonry, wood-paneled walls, stained-glass skylights, a bathroom with a cast-iron soaking tub and marble sink, and laundry.Behind the main building, a courtyard laid in aged brick leads to an original wooden staircase — curved handrail, turned newel post, slender balusters — and to a two-story dependency with a one-bedroom layout and a two-sided fireplace. The retail space previously leased for $2,500 per month; all units are now vacant.Buyers should independently verify intended uses, condition and rental potential.