French Quarter Portfolio
1015 N RAMPART Street New Orleans, LA 70116
For Sale
$1,100,000
COMMERCIAL - New Orleans, LA
Property Size4,754 SF
Price / SF$231.38
Days on Market147
Property Features for 1015 N RAMPART Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMC-2
- Standard status
- Active
- APN
- 1015-NRAMPARTST
- Size
- 4,754 SF
Taxes and HOA fees
- Tax Description
- SQ 112 LOT 26-B 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 26
Changed: Jun 4
Last Checked: Jul 23 at 1:06PM
MLS# 2542551
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.
Available for purchase for the first time in 30 years, this portfolio offers an extraordinary opportunity in the heart of the French Quarter, adjacent to Armstrong Park. The portfolio consists of four large historic buildings and a sizable vacant parking lot. The property, totaling 4754 square feet, presents possibilities for a variety of commercial or residential uses, including a boutique hotel, mixed-use development, or luxury condos. A hotel license is already in place. This property is being sold as part of a package. The property is located in New Orleans, LA.
Key Highlights
- Rare opportunity to own four historic buildings and a vacant lot in the heart of the French Quarter, adjacent to Armstrong Park.
- Hotel license already in place.
- Possibility for a variety of commercial or residential uses (boutique hotel, mixed‑use development, or luxury condos).
Financial Insights For Mixed Use
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 | $114.1k | $24.00 |
| − Vacancy | −$11.4k | −$2.40 |
| EGI | $102.7k | $21.60 |
| − OpEx | −$38.5k | −$8.10 |
| NOI | $64.2k | $13.50 |
4,754 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$916.8K
$802.2K – $1.07M
NOI $64,179 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,582 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
French Quarter Corporate ...
Townhouse Complex
FAQs
What type of property is this?
Mixed-use property - Rare portfolio sale in the heart of the French Quarter.
Where is this mixed-use property located?
The property is located at 1015 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Rare opportunity to own four historic buildings and a vacant lot in the heart of the French Quarter, adjacent to Armstrong Park.; Hotel license already in place.; Possibility for a variety of commercial or residential uses (boutique hotel, mixed‑use development, or luxury condos).
