1138-40 Chartres Street offers an exceptional development opportunity in the heart of New Orleans' French Quarter, ideal for transforming into a boutique bed and breakfast, luxury condominiums, or high-end vacation rentals. Just moments from Jackson Square, Royal Street, and world-class dining and entertainment, this dual-structure property blends iconic architectural charm—iron balconies, high ceilings, and original hardwood floors—with exceptional redevelopment flexibility. Its layout and location support a range of lucrative strategies, including multi-unit short-term rentals or themed hospitality offerings, and may qualify for commercial or STR permitting pending city approval. With soaring demand for distinctive accommodations in this historic district, 1138-40 Chartres represents a compelling opportunity to capitalize on the area's strong tourism and rental markets while owning a piece of New Orleans' rich architectural heritage. UNIT 1: 319 SF- 1 BED/ 1 BATH UNIT 2: 262 SF- 1 BED/ 1 BATH UNIT 3: 789 SF- 1 BED/ 1 FULL & 1 HALF BATH UNIT 4: 445 SF- 1 BED/ 1 BATH UNIT 5: 552 SF- 1 BED/ 1 BATH UNIT 6: 360 SF- 1 BED/ 1 BATH OFFICE: 367 SF- 1 BED/ 1 BATH 538: 2,589 SF- 2 BEDS/ 3 FULL & 1 HALF BATH