New Construction Multifamily
2412 N RAMPART Street New Orleans, LA 70117
New
For Sale
$1,599,000
MULTI_FAMILY - New Orleans, LA
Property Size3,891 SF
Lot Size0.09 Acres
Price / SF$410.95
Days on Market4
Property Features for 2412 N RAMPART Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Security features
Security
Patio and Porch features
Porch
Exterior features
Balcony, Courtyard, Fence, Porch, Security Cameras
Fencing
Fenced
Standard status
Active
APN
2412Ranoart
Size
3,891 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 274 LOT 2
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Chris Smith · License #0638748
(504) 231-2004
Added: Jul 24
Last Checked: Jul 27 at 12:06PM
MLS# 2569266
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.
New construction multifamily compound featuring a primary residence with 5 bedrooms and 4 full baths, plus a private 1-bedroom, 1-bath guest suite within the owner’s layout. The property also includes a completely separate legal 1-bedroom, 1-bath income-producing apartment with an open living and dining area and a fully equipped kitchen. On-site amenities include an elevator and ADA-friendly features, an attached two-car garage, whole-house water filtration, and a whole-home natural gas generator serving the owner’s residence.
Set on an oversized 30' wide by 127' deep lot in the desirable X Flood Zone, the home is described as having never flooded. The exterior includes a private backyard with a new in-ground swimming pool with a heater and chiller, along with multiple terraces and balconies with views described in the remarks.
Additional conveniences include three separate laundry centers and energy-efficient construction elements such as insulated walls and attic spaces, with soundproofing between units. A new home builder warranty is noted, along with annual flood insurance premium information provided in the remarks.
Set on an oversized 30' wide by 127' deep lot in the desirable X Flood Zone, the home is described as having never flooded. The exterior includes a private backyard with a new in-ground swimming pool with a heater and chiller, along with multiple terraces and balconies with views described in the remarks.
Additional conveniences include three separate laundry centers and energy-efficient construction elements such as insulated walls and attic spaces, with soundproofing between units. A new home builder warranty is noted, along with annual flood insurance premium information provided in the remarks.
Financial Insights For Multifamily LT 5
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 | $77.0k | $19.80 |
| − Vacancy | −$6.7k | −$1.71 |
| EGI | $70.4k | $18.09 |
| − OpEx | −$21.1k | −$5.43 |
| NOI | $49.3k | $12.66 |
3,891 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$703.9K
$615.9K – $821.2K
NOI $49,270 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$647.0K
$566.1K – $754.8K
NOI $45,287 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$989.0K
$865.3K – $1.15M
NOI $69,227 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - New construction multifamily property on a 30' x 127' lot with elevator and separate 1-bedroom income apartment.
Where is this duplex located?
The property is located at 2412 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,599,000.
