Historic Treme Mixed-Use
1009 N RAMPART Street, New Orleans, LA 70116
- Added:
- Feb 25, 2026
- Days on Market:
- 97
- Last Refresh:
- Jun 2 at 7:06 am
Property Features for 1009 N RAMPART Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMC-2
- Standard status
- Active
- APN
- 1009-NRAMPARTST
- Size
- 4,977 SF
Taxes and HOA fees
- Tax Description
- SQ 112 LOT 26-A N RAMPART 31X127
Utilities
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
Listing agent Kim Carnegie License #995681108 (337) 522-7554
Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA (337) 522-7554
Listing date Feb 25, 2026
MLS# 2542556
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.
HighLights
- Prime location in the heart of Treme, adjacent to Louis Armstrong Park and just outside the French Quarter.
- Large 4,900 sq ft commercially zoned building with multiple redevelopment possibilities.
- Rare investment opportunity, available for the first time in 30 years.
- Nine bedrooms and four bathrooms provide scale and flexibility for various income‑producing strategies.
- Strong visibility on North Rampart Street in an iconic and culturally rich corridor.
- Historic building (built in 1870) with potential for value enhancement through renovations.
Overview
This historic, commercially zoned building is located in the heart of Treme, just outside the French Quarter. Situated on North Rampart Street and adjacent to Louis Armstrong Park, the approximately 4,900 sq ft property is separated into two units. The building offers a large interior footprint with multiple redevelopment possibilities. It includes a total of 9 bedrooms and 4 bathrooms, providing scale and flexibility for a variety of income-producing or redevelopment strategies. Positioned within one of New Orleans' most iconic and culturally rich corridors, the property offers strong visibility and proximity to major tourism, entertainment, and cultural destinations. The property is zoned HMC-2 and presents a rare investment opportunity. Thoughtful renovations would bring this storied building back to life and enhance its value as a long-term investment asset.
Local 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 | $113.5k | $22.80 |
| − Vacancy | −$15.7k | −$3.15 |
| EGI | $97.8k | $19.65 |
| − OpEx | −$24.5k | −$4.91 |
| NOI | $73.4k | $14.74 |
4,977 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$917.0K – $1.22M
NOI $73,362 @ 7.0% cap · market cap 6.32%
Second Best
Mixed Use
$959.9K
$839.9K – $1.12M
NOI $67,190 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,549 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0662227
- Latitude
- 29.9632865
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Rare investment opportunity near French Quarter with redevelopment potential.
Where is this mixed-use property located?
The property is located at 1009 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,160,000.
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.; Large 4,900 sq ft commercially zoned building with multiple redevelopment possibilities.; Rare investment opportunity, available for the first time in 30 years.
