Keller Williams Realty - Sibley Group
1/27
Listing Courtesy Of: Duplessis Real Estate Group LLC, Ann Duplessis
Local Realty Services Provided By: Keller Williams Realty New Orleans
Overview
What It'll Cost
Neighborhood
Similar Homes

$475,000
1531 GOV NICHOLLS Street, New Orleans, LA 70116
7 Beds
3,623 sq ft
$475,000

1531 GOV NICHOLLS Street, New Orleans, LA 70116

Estimation provided by Keller Williams Realty Inc.
7 Beds
3,623 sq ft
Active
For Sale

Property Description

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.

Property Details

Compare This Home
Overview
Property Type
Duplex
Property Size
3,623 sq ft
Year Built
1900
Days on Site
130 Days
Parking
Yes
The Sibley Group
Metairie
0995683962

Activity History

VIEWS
0
SAVES
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SHARES
0
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
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Purchase Price: $475,000
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Price & Tax History

Date
Event
Price
03/08/2025
Price Decrease
$475,000
(-20.17%)
01/15/2025
Price Decrease
$595,000
(-8.46%)
11/17/2024
Listed
$650,000
(+38.3%)
02/16/2022
Sold
$470,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2024
$5,762
(+142%)
$17,360
Land 8,460 + Additions 8,900
2022
$2,381
(-5.67%)
$17,360
Land 8,460 + Additions 8,900
2020
$2,524
(+54.68%)
$17,360
Land 8,460 + Additions 8,900
2019
$1,632
(-1.95%)
$10,800
Land 1,900 + Additions 8,900
2018
$1,664
$10,800
Land 1,900 + Additions 8,900
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Transit & Commute

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Car-Dependent Walkable Very Walkable
The Sibley Group
Metairie
0995683962

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