1531 Gov Nicholls Street
New Orleans, LA 70116
- 7 beds
- 7 baths
- 3,623 sqft
- $131 per sqft
- 1900 build
MAJOR PRICE REDUCTION! Investor and developer opportunity in the heart of historic Treme-Lafitte! Nestled among Creole cottages, historic landmarks, and oak-lined streets, 1531 Governor Nicholls Street is steps from Armstrong Park, the French Quarter, and the vibrant dining, live music, and arts venues that define this culturally rich neighborhood. This property has been totally gutted and needs significant work, making it a clean slate for your creative vision. The 2,518 sq ft primary residence, built in 1900, features soaring ceilings, spacious rooms, a covered front porch, 5 bedrooms, and 4.5 baths. Attached is a 1,203 sq ft framed second unit with a living room, kitchen, 2 full baths, and a half bath, potential guest house, Airbnb, or income-producing rental. Treme-Lafitte offers a unique blend of old-world charm and modern amenities, making it one of New Orleans’ most sought-after neighborhoods. With its prime location and endless potential, this property invites possibilities from crafting a stunning single-family home to developing a bed and breakfast or rental property. Sold as-is; the bank will make no repairs. Experience the rhythm, soul, and unparalleled charm of this iconic area. Bring all offers! By entering this property, visitors, agents, and their clients release the property owner, listing agent, and brokerage from any liability for accidents, injuries, or damages that may occur on the premises. The property is in a gutted state and may have exposed hazards, including but not limited to uneven flooring or structural concerns. Visitors acknowledge these conditions prior to entering.
Last checked:
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Last updated Jul 1, 2025
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MLS# 2476444 —
The Building
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Year Built:1900
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Construction Materials:Frame, Wood Siding
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Architectural Style:Traditional
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Building Area Source:Appraiser
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Roof:Shingle
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Foundation:Raised
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Levels:Two
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Stories:2
Interior
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Living Area:3623
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Living Area Source:Appraiser
Financial & Terms
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Home Warranty:No
Location
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Cross Street:N CLAIBORNE, FRANKLIN AVE, CHARTRES ST, AND CANAL
The Property
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Parcel Number:208104207
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Subtype Additional:Duplex
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Property Condition:Poor Condition
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Lot Features:Corner Lot, City Lot, Irregular Lot
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Lot Size Dimensions:39 X 88
Listing Agent
- Contact info:
- Agent phone:
- (225) 329-9102
- Office phone:
- (225) 329-9102
Taxes
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Tax Lot:LOT A
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Tax Legal Description:LOT A, SQUARES 174 AND 175
Beds
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Bedrooms Total:7
Baths
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Full Baths:6
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Half Baths:2
The Listing
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Current Price:$475,000
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Special Listing Conditions:Real Estate Owned
Heating & Cooling
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Heating:No
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Cooling:None
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Cooling:No
Utilities
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Sewer:Public Sewer
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Water Source:Public
Parking
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Parking Features:Off Street
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/1/25
Jul 1, 2025
|
Relisted | GSREIN | $475,000 | |
|
4/8/25
Apr 8, 2025
|
Pending | GSREIN | $475,000 | |
|
3/8/25
Mar 8, 2025
|
Price Changed | GSREIN | $475,000 | -20.2% |
