Description
Stirling is pleased to bring to market 1931-33 Sophie Wright Place, offering a chance to own a fully leased, turn-key mixed-use investment property in one of New Orleans’ most dynamic and desirable neighborhoods. Positioned on the park-lined Sophie Wright Place, this mixed-use building features a stable ground-floor retail tenant and a high-performing, licensed short-term rental unit with a potential gross revenue of over $100,000 annually. There is also a bonus studio apartment located in the rear of the property: a potential value-add. The property also features a small backyard for outdoor entertaining.The property sits in the heart of the vibrant Lower Garden District, a walkable, historic enclave known for its blend of classic architecture and modern lifestyle appeal. Surrounded by boutique retailers, design shops, fitness studios, and some of the city’s most acclaimed restaurants and cafés, the location attracts both locals and visitors year-round. Neighboring famed Magazine Street and Coliseum Square reinforce the area’s steady foot traffic and sustained tenant demand.Strong neighborhood demographics, continued residential and commercial growth, and excellent visibility make 1931–33 Sophie Wright Place a standout long-term hold for any portfolio. With minimal landlord responsibilities and diversified income streams, this asset is ideal for investors seeking strong cash flow in a tightly held submarket.Square Footage Breakdown:TOTAL RSF: 3,010 SFGround Floor Retail Tenant: 866 SFGround Floor Studio Apt: 410 SFSecond Floor Apartment: 1,734 SF
School Ratings & Info
Description
Stirling is pleased to bring to market 1931-33 Sophie Wright Place, offering a chance to own a fully leased, turn-key mixed-use investment property in one of New Orleans’ most dynamic and desirable neighborhoods. Positioned on the park-lined Sophie Wright Place, this mixed-use building features a stable ground-floor retail tenant and a high-performing, licensed short-term rental unit with a potential gross revenue of over $100,000 annually. There is also a bonus studio apartment located in the rear of the property: a potential value-add. The property also features a small backyard for outdoor entertaining.The property sits in the heart of the vibrant Lower Garden District, a walkable, historic enclave known for its blend of classic architecture and modern lifestyle appeal. Surrounded by boutique retailers, design shops, fitness studios, and some of the city’s most acclaimed restaurants and cafés, the location attracts both locals and visitors year-round. Neighboring famed Magazine Street and Coliseum Square reinforce the area’s steady foot traffic and sustained tenant demand.Strong neighborhood demographics, continued residential and commercial growth, and excellent visibility make 1931–33 Sophie Wright Place a standout long-term hold for any portfolio. With minimal landlord responsibilities and diversified income streams, this asset is ideal for investors seeking strong cash flow in a tightly held submarket.Square Footage Breakdown:TOTAL RSF: 3,010 SFGround Floor Retail Tenant: 866 SFGround Floor Studio Apt: 410 SFSecond Floor Apartment: 1,734 SF
Broker and Associates are licensed in the State of Louisiana, USA.
The Puckett Team | Latter & Blum | Compass || 985-641-4540 || Slidell, LA.
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© 2026 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Puckett Team | Latter & Blum | Compass. Data last updated: 2026-02-11T10:35:11.143.
Listing courtesy of Gulf South Real Estate Information Network.