Mixed-Use Building with Two-Unit
1001 N RAMPART Street New Orleans, LA 70116
For Sale
$1,200,000
COMMERCIAL - New Orleans, LA
Property Size4,814 SF
Price / SF$249.27
Days on Market148
Property Features for 1001 N RAMPART Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMC-2
- Standard status
- Active
- APN
- 1001-NRAMPARTST
- Size
- 4,814 SF
Taxes and HOA fees
- Tax Description
- SQ 112 LOT 1 NRAMPART AND STPHILIP 31X127
Utilities
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Kim Carnegie · License #995681108
(337) 522-7554
Added: Feb 25
Changed: Jun 4
Last Checked: Jul 23 at 9:06PM
MLS# 2542553
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1001 N Rampart Street in New Orleans, this historic, commercially zoned building is listed under HMC-2 zoning. The property contains an approximately 4,800-square-foot interior footprint and can be separated into two units, supporting multiple redevelopment or reconfiguration options. The building includes a total of 10 bedrooms and 5.5 bathrooms, providing scale and layout flexibility for a variety of uses. Thoughtful renovations are expected to return the property to productive use.
The building is situated in the Treme area, positioned just outside the French Quarter and adjacent to Louis Armstrong Park. Its setting along North Rampart Street places it within a highly recognizable corridor with proximity to tourism, entertainment, and cultural destinations.
For buyers and investors, the combination of two-unit divisibility and substantial bedroom-and-bath count may appeal to operators seeking adaptable space rather than a fixed single-configuration layout. For developers, the property’s large interior footprint and commercially oriented zoning (HMC-2) can support redevelopment planning, subject to approvals. A Matterport virtual tour is available for review.
The building is situated in the Treme area, positioned just outside the French Quarter and adjacent to Louis Armstrong Park. Its setting along North Rampart Street places it within a highly recognizable corridor with proximity to tourism, entertainment, and cultural destinations.
For buyers and investors, the combination of two-unit divisibility and substantial bedroom-and-bath count may appeal to operators seeking adaptable space rather than a fixed single-configuration layout. For developers, the property’s large interior footprint and commercially oriented zoning (HMC-2) can support redevelopment planning, subject to approvals. A Matterport virtual tour is available for review.
Key Highlights
- Prime location in the heart of Treme, adjacent to Louis Armstrong Park and just outside the French Quarter.
- Commercially zoned, offering diverse redevelopment possibilities.
- Large interior footprint of approximately 4,800 square feet, divisible into two units.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.8k | $22.80 |
| − Vacancy | −$15.1k | −$3.15 |
| EGI | $94.6k | $19.65 |
| − OpEx | −$23.7k | −$4.91 |
| NOI | $71.0k | $14.74 |
4,814 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.01M
$887.0K – $1.18M
NOI $70,959 @ 7.0% cap · market cap 5.91%
Second Best
Mixed Use
$928.4K
$812.4K – $1.08M
NOI $64,989 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,649 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use building offers large interior space and can be divided into two units for flexible redevelopment.
Where is this mixed-use property located?
The property is located at 1001 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location in the heart of Treme, adjacent to Louis Armstrong Park and just outside the French Quarter.; Commercially zoned, offering diverse redevelopment possibilities.; Large interior footprint of approximately 4,800 square feet, divisible into two units.
