Marigny Neighborhood Multi-Family
2501 DAUPHINE Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property size:
3,686 SFLot size:
0.08 AcresPrice / SF:
$203/SF- Added:
- Feb 11, 2026
- Days on Market:
- 112
- Last Refresh:
- Jun 3 at 11:06 am
Property Features for 2501 DAUPHINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway
- 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 agent Ryan Wentworth License #000071657 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Feb 11, 2026
MLS# 2542540
Listing URL
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.
HighLights
- Prime location in the heart of the vibrant Marigny neighborhood at the intersection of Dauphine St and St. Roch Avenue, near restaurants, bars, music venues, and shops.
- Four rental units provide income to offset expenses, with potential to renovate/reconfigure into a single‑family home or alternative unit mix.
- Large front and rear balconies offer views of the downtown skyline and river, perfect for enjoying the weather.
- Corner lot provides easy access to the rear yard, off‑street parking for multiple vehicles, and plentiful natural light.
- Features original architectural details, including floors, mouldings, and exposed fireplaces.
- Built in 1850, this handsome Greek Revival Double Gallery property has historic charm.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0518
- Latitude
- 29.966091
Nearby Similar for Sale
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: Prime location in the heart of the vibrant Marigny neighborhood at the intersection of Dauphine St and St. Roch Avenue, near restaurants, bars, music venues, and shops.; Four rental units provide income to offset expenses, with potential to renovate/reconfigure into a single‑family home or alternative unit mix.; **Large front and rear balconies offer views of the downtown skyline and river, perfect for enjoying the weather.**
