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    3135 Dauphine St New Orleans, LA 70117

    For Sale
    $2,950,000

    Apartment Complex, Other - New Orleans, LA

    Property size:
    15,054 SF
    Days on Market:
    121
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 3135 Dauphine St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry
    Size
    15,054 SF

    Utilities

    Heating system
    Ductless (Heating), Other (Heating)
    Cooling system
    Ductless, Wall Unit(s)

    Building Details

    Floors in Building
    2
    Number of units
    27
    Building materials
    Brick
    Roof type
    Flat, Membrane
    Architectural style
    Other

    Metropolitan Real Estate Services & Associates, Inc (985) 626-1561 [email protected]

    Listing agent DOUGLAS BERNARD (985) 626-1561

    Listing date Aug 7, 2025

    MLS# 2495514 Listing URL

    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Orleans Apartment Complex

    This apartment complex in New Orleans, LA, offers a unique investment opportunity with an assumable non-recourse loan. The loan balance is $1,678,625 with a 5.15% interest rate and an annual debt service (ADS) of $122,201. The loan matures on March 1st, 2029. The property spans 15,054 square feet and includes 26 on-site parking spaces. A condominium regime has been established, providing the option to convert the units into individual condominiums at the purchaser's discretion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0441831
    Latitude
    29.9647874

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    FAQs

    What type of property is this?
    Apartment building - Apartment complex with assumable loan and condo conversion option.
    Where is this apartment building located?
    The property is located at 3135 Dauphine St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Assumable non-recourse loan with a $1,678,625 balance and 5.15% rate.; - Condominium Regime in place, allowing for unit conversion to condos.; - 26 on-site parking spaces.
    (985) 626-1561
    Request Owner's contact information
    3135 Dauphine St New Orleans, LA 70117
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    New Orleans, LA 70117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3135 Dauphine St New Orleans, LA 70117
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