Marigny Neighborhood Multi-Family
2501 DAUPHINE Street New Orleans, LA 70117
2501 DAUPHINE Street, New Orleans, LA, 70117
$750,000
For Sale
$750,000
MULTI_FAMILY - New Orleans, LA
Property Size3,686 SF
Lot Size0.08 Acres
Price / SF$203.47
Days on Market162
Property Features for 2501 DAUPHINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- 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
- Heating system
- Central
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1850
- Floors in Building
- 3
- Number of units
- 5
Listing agency
REVE, REALTORS
(504) 300-0700
Listed by
Ryan Wentworth · License #000071657
(504) 300-0700
Added: Feb 11 Updated: Jul 21 at 5:53AM Checked: Jul 23 at 3:06AM
MLS# 2542540
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.
This 1850s Greek Revival double gallery property is located at the intersection of Dauphine St and St. Roch Avenue in the Marigny neighborhood. The property offers an opportunity for an owner-occupied residence with four additional rental units. There is potential to renovate and/or reconfigure to a grand single family home or alternative unit mix. Numerous restaurants, bars, music venues, and shops are minutes away, with easy access to Crescent Park and a short stroll to the French Quarter. The corner lot provides easy access to the rear yard and parking for multiple vehicles, and allows in 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 mouldings, exposed fireplaces, and architectural details inside and out. The property size is 3686 square feet and the lot size is 0.0786 acres. One unit is currently owner-occupied, one unit is vacant, and three are under lease. The property is located in New Orleans, LA.
Key Highlights
- 1850 Greek Revival double gallery home with original floors, moldings, tall ceilings, and exposed fireplaces
- Corner lot with rear access plus off‑street parking and driveway for multiple vehicles
- Multiple outdoor spaces: front and rear balconies and a porch; fenced yard
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
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FAQs
What type of property is this?
Apartment building - 1850s Greek Revival 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: 1850 Greek Revival double gallery home with original floors, moldings, tall ceilings, and exposed fireplaces; Corner lot with rear access plus off‑street parking and driveway for multiple vehicles; Multiple outdoor spaces: front and rear balconies and a porch; fenced yard
