Victorian Apartment
For Sale
$2,249,000
1309 DAUPHINE Street, New Orleans, LA 70116
Multi-Family, Victorian, 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
Residential Multi Family
Property subtype
Apartment
Security features
Security
Patio and Porch features
Patio, Porch
Exterior features
Balcony, Courtyard, Fence, Outdoor Entertainment Area Beyond Your Average Patio, Porch, Security Cameras
Fencing
Fenced
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
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
courtyard
communal patio
balcony
in-unit washer/dryer
stainless steel appliances
gas ranges
dishwashers
Carrera marble countertops
Building Details
Year built
1883
Floors in Building
3
Number of units
7
Roof type
Slate
Architectural style
Victorian
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Justin Warren · License #S53843
(601) 297-9909
Added: Sep 10
Changed: Sep 15
Last Checked: Oct 9 at 3:06PM
MLS# 2576654
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 Victorian apartment property contains 7 residences across approximately 6,069 square feet. The unit mix includes one-, two-, and three-bedroom layouts totaling 13 bedrooms and 13 full baths. Architectural elements include a Mansard roof, cypress siding, Heart Pine floors, chandeliers, and other period detailing, while updated interiors feature stainless steel appliances, Carrera marble countertops, gas ranges, dishwashers, and in-unit washers and dryers. Electrical, plumbing, and HVAC systems have undergone major updates, and the building includes a fire sprinkler system.
The property occupies approximately 0.0972 acres at 1309 Dauphine Street in New Orleans, adjacent to Cabrini Park, Port of Call, and the Esplanade Avenue corridor. Shared amenities include an oversized courtyard, communal patio, balcony, porch, fencing, and security cameras. Six residences are rented, and the remaining unit is occupied by the owner with plans to continue as a rent-paying tenant after closing.
The property occupies approximately 0.0972 acres at 1309 Dauphine Street in New Orleans, adjacent to Cabrini Park, Port of Call, and the Esplanade Avenue corridor. Shared amenities include an oversized courtyard, communal patio, balcony, porch, fencing, and security cameras. Six residences are rented, and the remaining unit is occupied by the owner with plans to continue as a rent-paying tenant after closing.
Key Highlights
- 7 residential units with a mix of one-, two-, and three‑bedroom residences
- Approximately 6,069 square feet on approximately 0.0972 acres
- 13 bedrooms and 13 full baths across the property
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 - Historic three-story multifamily property with seven residences, renovated systems, and shared outdoor spaces in New Orleans.
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: 7 residential units with a mix of one-, two-, and three‑bedroom residences; Approximately 6,069 square feet on approximately 0.0972 acres; 13 bedrooms and 13 full baths across the property
