Marigny Neighborhood Multifamily Investment
2501 DAUPHINE Street New Orleans, LA 70117
2501 DAUPHINE Street, New Orleans, LA, 70117
$750,000
For Sale
$750,000
COMMERCIAL - New Orleans, LA
Property Size3,686 SF
Lot Size0.08 Acres
Price / SF$203.47
Days on Market149
Property Features for 2501 DAUPHINE Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HMR-3
- Parking features
- Driveway, Off Street
- Standard status
- Active
- APN
- 38W101701
- Size
- 3,686 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- SQ 256 LOT 1 DAUPHINE AND ST ROCH 29X118 SGLE 3/STORY 12/RM S/R (5 APTS)
Utilities
- Water source
- Public
Building Details
- Year built
- 1850
- Floors in Building
- 3
Listing agency
REVE, REALTORS
(504) 300-0700
Listed by
Ryan Wentworth · License #000071657
(504) 300-0700
Added: Feb 24 Updated: Jul 13 at 11:36AM Checked: Jul 23 at 3:06AM
MLS# 2542543
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.
Located in the heart of the vibrant Marigny neighborhood at the intersection of Dauphine St and St. Roch Avenue, this 1850s Greek Revival Double Gallery property is configured as five individually metered apartments, presenting potential for renovation and reconfiguration into a grand single-family home or alternative unit mix. The corner lot allows easy access to the rear yard and parking for multiple vehicles, and provides plentiful natural light. Stand-out features include large front and rear balconies, views of the downtown skyline and ships passing in the river, tall ceilings throughout, original floors and moulding, exposed fireplaces, and architectural details inside and out. The property is located minutes away from restaurants, bars, music venues, and shops, with easy access to Crescent Park and a short stroll to the French Quarter. The total area, which includes porches and storage at the rear, is 4747 square feet. The property size is 3686 square feet, situated on a 0.0786-acre lot. Unit 1 is 667 square feet with a 130 square feet loft area, Unit 2 is 613 square feet, Unit 3 is 412 square feet, Unit 4 is 776 square feet, Unit 5 is 577 square feet, and common areas (stairways) are 641 square feet. One unit is currently owner-occupied, one unit is vacant, and three are under lease. The property is zoned HMR-3.
Key Highlights
- Greek Revival Double Gallery home built in 1850 with tall ceilings and original floors and molding
- Corner lot with driveway and off‑street parking, plus easy access to the rear yard
- Configured as five individually metered apartments with one owner‑occupied unit, one vacant unit, and three under lease
Local Financial Insights For Apartment 5plus
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 | $85.8k | $23.28 |
| − Vacancy | −$7.8k | −$2.12 |
| EGI | $78.0k | $21.16 |
| − OpEx | −$35.1k | −$9.52 |
| NOI | $42.9k | $11.64 |
3,686 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$612.9K
$536.3K – $715.0K
NOI $42,901 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.9K
$819.8K – $1.09M
NOI $65,580 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-unit property with renovation potential in vibrant Marigny neighborhood.
Where is this apartment building located?
The property is located at 2501 DAUPHINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Greek Revival Double Gallery home built in 1850 with tall ceilings and original floors and molding; Corner lot with driveway and off‑street parking, plus easy access to the rear yard; Configured as five individually metered apartments with one owner‑occupied unit, one vacant unit, and three under lease
