Historic Mixed-Use Building with Two
1009 N RAMPART Street New Orleans, LA 70116
For Sale
$1,160,000
COMMERCIAL - New Orleans, LA
Property Size4,977 SF
Price / SF$233.07
Days on Market148
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 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 11:06AM
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.
Investment Insights
Based on property information with market context.
This historic, commercially zoned building has been configured as two separate units and offers a very large interior footprint. The property totals approximately 4,900 square feet and includes 9 bedrooms and 4 bathrooms across the two-unit layout, creating flexibility for income-producing uses or redevelopment concepts that can accommodate multiple rooms and private bath needs. While the building benefits from its established presence and character, it would require thoughtful renovations to fully realize its next use. A Matterport virtual tour is available.
The property is located at 1009 N Rampart Street in New Orleans, in the Treme area, positioned just outside the French Quarter. It is adjacent to Louis Armstrong Park, supporting pedestrian-oriented context, and it sits on a prominent corridor associated with tourism, entertainment, and cultural activity.
For buyers and operators, the two-unit separation and large interior footprint make this property suitable for those seeking a conversion, repositioning, or renovation project within a commercially zoned structure. The bedroom-and-bath configuration can also support a variety of residential-income layouts, subject to final approvals for the intended use under the existing HMC-2 zoning.
The property is located at 1009 N Rampart Street in New Orleans, in the Treme area, positioned just outside the French Quarter. It is adjacent to Louis Armstrong Park, supporting pedestrian-oriented context, and it sits on a prominent corridor associated with tourism, entertainment, and cultural activity.
For buyers and operators, the two-unit separation and large interior footprint make this property suitable for those seeking a conversion, repositioning, or renovation project within a commercially zoned structure. The bedroom-and-bath configuration can also support a variety of residential-income layouts, subject to final approvals for the intended use under the existing HMC-2 zoning.
Key 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.
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
What type of property is this?
Mixed-use property - Historic building offering two separate units, with substantial interior space and multiple redevelopment paths in a commercial zone.
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.
