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$3,995,000

For Sale - Active
929 Bienville St Unit A, New Orleans, LA 70112
4 Beds
6 Baths
5,698 Square Feet
0.00 Acres Lot
Built in 1905
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Sep 16, 2025 at 10:11AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$15,801
Cap Rate
0.9%
Cash-on-Cash Return
-20.6%
Debt Coverage Ratio
0.16
Internal Rate of Return (5 years)
-15.9%

Property Description


0.00 Acres Lot
Built in 1905
For Sale - Active
Units n/a

Welcome to Engine #7, a stunning two-story French Quarter Firehouse that has been thoughtfully reimagined into a luxurious, modern residence. Every aspect of this remarkable home has been meticulously designed, offering an unparalleled living experience that blends elegance with functionality. <br> <br> Inside, the walls covered in suede provide a touch of sophistication, while the polished Bomanite floors add a sleek, modern feel. The original exposed brick serves as a timeless nod to the building’s rich history, and the reclaimed heart-pine millwork highlights the exceptional craftsmanship involved in the renovation. Custom lighting throughout the home creates a warm, inviting atmosphere. <br> <br> The expansive layout features spacious rooms that offer both relaxation and entertaining space. A private elevator adds a layer of convenience, while multiple gathering areas ensure that hosting events is a joy. Upon entering, you’ll be welcomed by soaring ceilings that elevate the home’s grandeur and enhance the already impressive ambiance. The chef's kitchens are a true highlight, outfitted with top-of-the-line appliances and flowing seamlessly into the dining areas, thanks to the open-concept floor plan. <br> <br> One of the signature features of Engine #7 is its heated saltwater pool, offering a luxurious private retreat for relaxation and enjoyment. <br> <br> Engine #7 is presently used as a single-family residence, but each floor is already separately deeded which offers the flexibility for a future sale of just one floor or those interested in a versatile living arrangement or potential rental income. <br> <br> Don’t miss the chance to own this extraordinary residence, a perfect blend of refined luxury and historical charm.

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Location


Property Details


Parking

  • Description: None, GarageDoorOpener
  • Details: Off Street, Garage Door Opener
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Slate
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 206103619
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1905

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Orleans Parish

Listing Details


Listed by:
George Jeansonne
FQR Realtors
(504) 616-0990

Source:
Gulf South Real Estate Information Network
MLS#: 2495521
Gulf South Real Estate Information Network

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$15,801
Cap Rate
0.9%
Cash-on-Cash Return
-20.6%
Debt Coverage Ratio
0.16
Internal Rate of Return (5 years)
-15.9%

Purchase Details

Find an Agent

Purchase price:
$3,995,000
Amount financed:
-$3,196,000
Down payment:
$799,000
Closing costs:
$119,850
Rehab costs:
$0
Initial cash invested:
$918,850
Square feet:
5,698
Cost per square foot:
$701
Monthly rent per square foot:
$0.79

Financing Details

Find a Lender

Loan amount:
$3,196,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$18,906
Property tax:
$0
Insurance:
$315
Private mortgage insurance (PMI):
$0
Monthly payment:
$19,221

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,500 $54,000
Vacancy loss: (6%)
6% -$270 -$3,240
Operating income:
$4,230 $50,760

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$315-$3,780
Property management: (8%)
8%-$360-$4,320
Repairs & maintenance: (5%)
5%-$225-$2,700
Capital expenditures: (5%)
5%-$225-$2,700
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,125-$13,500

Cash Flow


Monthly Yearly
Net operating income:
$3,105 $37,260
Mortgage payments:
-$18,906 -$226,872
Cash flow:
-$15,801 -$189,612