Historic Seven-Unit Apartment
For Sale
$2,249,000
1309 DAUPHINE Street, New Orleans, LA 70116
Commercial, New Orleans, LA
Property Size6,069 SF
Lot Size0.10 Acres
Price / SF$370.57
Days on Market30
Property Features for 1309 DAUPHINE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
VCR-1
Lot features
Regular
Subdivision
French Quarter, VC
Standard status
Active
APN
208101902
Size
6,069 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SQ 81 LOT B OR 15 DAUPHINE ST 32-2/34X26-100/63-63
Legal Description
SQ 81 LOT B OR 15 DAUPHINE ST 32-2/34X26-100/63-63
Utilities
Water source
Public
Amenities
Heart Pine hardwood floors
crystal chandeliers
stainless steel appliances
Carrera marble countertops
gas ranges
dishwashers
in-unit washers and dryers
Building Details
Year built
1883
Floors in Building
3
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Justin Warren · License #S53843
(601) 297-9909
Added: Sep 10
Last Checked: Oct 9 at 3:06PM
MLS# 2576653
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.
Constructed in 1883, this three-story apartment property contains seven residential units totaling approximately 6,069 square feet. The unit mix includes one-, two-, and three-bedroom apartments, with 13 bedrooms and 13 full baths overall. Interior features include Heart Pine flooring, crystal chandeliers, stainless steel appliances, Carrera marble countertops, gas ranges, dishwashers, and in-unit washers and dryers. The building retains historic design elements such as its Mansard roof, cypress siding, and other period detailing. Renovations have addressed the electrical, plumbing, and HVAC systems, and a fire sprinkler system has been installed.
The property occupies 0.0972 acres on Dauphine Street in New Orleans’ Vieux Carré, next to Cabrini Park and near Port of Call and the Esplanade Avenue corridor. Six of the seven apartments are rented, while the remaining unit is occupied by the owner, who plans to continue as a rent-paying tenant after closing. Public water serves the property, which is zoned VCR-1.
The property occupies 0.0972 acres on Dauphine Street in New Orleans’ Vieux Carré, next to Cabrini Park and near Port of Call and the Esplanade Avenue corridor. Six of the seven apartments are rented, while the remaining unit is occupied by the owner, who plans to continue as a rent-paying tenant after closing. Public water serves the property, which is zoned VCR-1.
Key Highlights
- Seven residential units with 13 bedrooms and 13 full baths
- Approximately 6,069 square feet on 0.0972 acres
- 1883 construction with Mansard roof and original cypress siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,636
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,720
$1.4M
Cap Rate 7%
$1,009,086
$1.0M
Cap Rate 9%
$784,844
$784.8K
Market Conditions
NOI Build-Up for 6,069 SF
Gross rent
$141.3K $23.28/SF
− Vacancy
−$12.9K −$2.12/SF
EGI
$128.4K $21.16/SF
− OpEx
−$57.8K −$9.52/SF
NOI
$70.6K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,720
Cap Rate 7%
$1,009,086
Cap Rate 9%
$784,844
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$883.0K – $1.18M
NOI $70,636 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,978 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Residential units
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story property with updated electrical, plumbing, and HVAC systems.
Where is this apartment building located?
The property is located at 1309 DAUPHINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: Seven residential units with 13 bedrooms and 13 full baths; Approximately 6,069 square feet on 0.0972 acres; 1883 construction with Mansard roof and original cypress siding
