Historic Treme Building For
1029 N RAMPART Street, New Orleans, LA 70116
- Added:
- Feb 26, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 2 at 6:06 pm
Property Features for 1029 N RAMPART Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMC-2
- Standard status
- Active
- APN
- 1029-NRAMPARTST
- Size
- 4,814 SF
Taxes and HOA fees
- Tax Description
- SQ 112 LOY 28 N RAMPART 30X120
Utilities
- Water source
- Public
Building Details
- Year built
- 1850
- 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 26, 2026
MLS# 2542554
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 4,800 sq ft commercially zoned building with multiple layout and redevelopment possibilities.
- Rare investment opportunity - first time on the market in 30 years.
- Strong visibility and proximity to major tourism, entertainment, and cultural destinations.
- Potential for various uses including a boutique hotel, mixed‑use development, or luxury condominiums.
- Historic building (built in 1850) with 8 bedrooms and 5 baths.
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 property offers strong visibility and proximity to major tourism, entertainment, and cultural destinations. The building has an interior footprint of approximately 4,800 sq ft and features 8 bedrooms and 5 baths. The property offers multiple layout and redevelopment possibilities, including a boutique hotel, mixed-use development, or luxury condominiums. This property is positioned within one of New Orleans' most iconic and culturally rich corridors. Thoughtful renovations would bring this storied building back to life and enhance its value as a long-term asset.
Local 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 | $115.5k | $24.00 |
| − Vacancy | −$11.6k | −$2.40 |
| EGI | $104.0k | $21.60 |
| − OpEx | −$39.0k | −$8.10 |
| NOI | $65.0k | $13.50 |
4,814 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$928.4K
$812.4K – $1.08M
NOI $64,989 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$800.4K
$700.4K – $933.8K
NOI $56,029 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,649 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0659464
- Latitude
- 29.963605
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercially zoned, 4,800 sq ft property near French Quarter.
Where is this mixed-use property located?
The property is located at 1029 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,130,000.
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 4,800 sq ft commercially zoned building with multiple layout and redevelopment possibilities.**; Rare investment opportunity - first time on the market in 30 years.
