311 Exchange Pl
For Sale6 Units100% LeasedSeller Financing Available

311 Exchange Pl

New Orleans, LA 70130  |  Orleans Parish
$2,250,000
$2,250,000List Price
6Units
8Total Beds
5,857Total Sq Ft
1837Year Built
$384.16Price / Sq Ft
$16,750Monthly Rent

Property Overview

100% leased and renovated, with $16,750 per month in gross rent. 311 Exchange Place offers the opportunity to own the “Edgar Degas House,” a fully renovated historic mixed use property with residential and commercial space in the heart of the French Quarter.

Featuring 5,857 square feet across multiple units, this asset combines irreplaceable French Quarter architecture with extensive modern upgrades, including a new elevator and renovated interiors. The building’s courtyard has been beautifully restored and its exterior displays a commemorative plaque marking where Edgar Degas once painted, adding unique cultural value.

Positioned on one of the Quarter’s most desirable pedestrian corridors, the property benefits from strong year round foot traffic and limited competing inventory, making it an exceptional investment for long term income and appreciation. The building has two ground floor commercial spaces and four spacious 2 bedroom, 1 bath apartments. Seller financing available: 30 yr amortization, 5 to 7 yr balloon, 20% minimum down, rate negotiable.

Interested in this property?

Contact the listing team for showings, rent details and financing questions.

Contact the AgentsCall Bryce

Unit Mix

UnitBedsBathsSq Ft
Unit 4211,000
Unit 3211,000
Unit 2211,000
Unit 1211,000
Unit 5 (Commercial B)800
Unit 6 (Commercial A)1,045

Square footage is per the MLS and is approximate.

Income Summary

Gross monthly rent (per MLS)$16,750
Gross annual rent (calculated)$201,000
Price per unit (calculated)$375,000
Gross rent multiplier (calculated)11.2x

Rents are as reported in the MLS. Where units are vacant, market rent may be carried in the figures. Buyers should verify all income and expense information.

Property Details

MLS #2523852
StatusActive
Property typeMulti-Family (commercial / residential combo)
Total units6
Total living area5,857 sq ft
Year built1837
Stories3
Lot size41 x 53 (0.05 acres)
StyleCreole / French Colonial
ConstructionBlock, brick, stucco
RoofFlat
FoundationSlab
ConditionExcellent
ElevatorYes
Heat / airCentral
Electric paid byTenant (Entergy)
Water paid byOwner
Bounding streetsBienville, Conti

Photo Gallery

Contact the Listing Team

Bryce Danna-Marullo

Listing Agent

Call (504) 301-5583Email

Mason McCullough

Bridgewater Realty Advisors

Call (504) 298-8631Email

Bridgewater Realty Advisors, LLC  |  3501 Severn Ave, Suite 19, Metairie, LA 70002  |  (504) 901-0463