524 Governor Nicholls Street
New Orleans, LA 70116

  • – beds
  • – baths
  • – sqft

Historic French Quarter redevelopment opportunity with compelling tax credit potential (***Part 1 of the tax credits is approved for both buildings***). Beautiful 150+ year old brick building priced below recently appraised value and situated in an excellent French Quarter location. Further Details: - Listed below appraised value. - Full set of architectural drawings completed. - All VCC violations have been remedied. - Exterior has been repaired including new louvered shutters. - Beautiful architectural details throughout. - Part 1 of the tax credits is approved. - Construction estimate for complete renovation cost (inquire for details). **Depending on the Buyer/Developer, tax credit potential could be a sizable portion of the estimated costs to complete the buildings (25% State & 20% Federal)**,

The Gulf South Real Estate Information Network logo Listing courtesy of GSREIN / REVE, REALTORS

Last checked: Checking… • Last updated Apr 30, 2024 •

MLS# NO2024005965 —

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Sale history

Date Event Source Price % Change
4/23/24
Listed / Active GSREIN $1,250,000

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This multifamily located in French Quarter - CBD, New Orleans, LA 70116 is currently for sale for $1,250,000. 524 Governor Nicholls Street is a – square foot multifamily with – beds and – baths. 524 Governor Nicholls Street is in the French Quarter - CBD neighborhood of New Orleans and has a WalkScore® of 98, making it a walker’s paradise. This multifamily is in the attendance area of Mcdonough 35 Senior High School, Warren Easton High School, Bethune Elementary School, Elanor Mcmain Secondary School, New Orleans Charter Science And Math School, Hynes Charter School, Lusher Charter School, Benjamin Franklin Elementary School, Edna Karr High School, and Benjamin Franklin High School.

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