In the French Quarter, a five-unit compound housed in a 19th-century Creole cottage asks $1.95M

Living in the French Quarter—whether for a few nights or a few decades—is a bucket-list item for New Orleanians and tourists alike. It’s an attainable dream, but rents can be high in the city’s oldest neighborhood—and even if you buy, homeowner’s association fees run a pretty penny.

That’s why this multifamily home at 927 Dauphine Street is such an appealing option. It offers its owner the ability to live in the French Quarter in a cash-generating, historic property. Built in 1850 and situated two blocks from Armstrong Park, the property is comprised of a main house and four additional units arranged around a brick courtyard with mature plants. All in all, the eight bedrooms and nine bathrooms cover 5,649 square feet spread out across five units .

They’re also quite heavy on the traditional New Orleans charm. Original wood floors are present throughout, as are French doors, fan windows, crystal chandeliers, and mantels. The income-producing units are less elaborate but equally cute, and they feature exposed ceiling beams, brick fireplaces, and courtyard views. There’s also some parking (a rarity in the Vieux Carre).

The price for this five-for-one deal is $1,950,000.

Via: Jennifer Saltaformaggio of Keller Williams Realty