Bywater Fourplex: Income
4101 DAUPHINE Street New Orleans, LA 70117
4101 DAUPHINE Street, New Orleans, LA, 70117
$689,000
For Sale
$689,000
MULTI_FAMILY - New Orleans, LA
Property Size3,720 SF
Price / SF$185.22
Days on Market102
Property Features for 4101 DAUPHINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Standard status
- Active
- APN
- 4103
- Size
- 3,720 SF
Taxes and HOA fees
- Tax Description
- SQ 240 LOT A
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Slate
- Architectural style
- Other
Listing Agency
Crane Realtors
(504) 210-2014
138 N Cortez Street, New Orleans, LA
Listed by
Aaron Dare · License #995681183
(504) 899-8666
Added: Apr 7 Checked: Jul 17 at 10:06 pm
MLS# 2551624
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.
Investment Insights
Based on property information with market context.
Located on a corner lot in the Bywater area, this New Orleans fourplex offers income potential. The property contains four units across two levels. The two upper units feature wood floors, tall ceilings, and natural light. The lower level offers one shotgun-style unit plus a separate one-bedroom unit, each with floor plans and access to the shared outdoor space. A large basement provides shared laundry for the lower units along with additional storage, while a separate laundry area serves the upper units. Outside, a rear patio and green space create a setting. The property has rear-yard accessible, off street parking. The building size is 3720 square feet. The property is located moments from restaurants, coffee shops, and the Mississippi River.
Key Highlights
- New Orleans fourplex on a corner lot in the Bywater, with 4 units across two levels
- Upper units feature traditional shotgun‑style layouts with wood floors, tall ceilings, and abundant natural light
- Lower level includes a shotgun‑style unit plus a separate 1‑bedroom unit, with access to shared outdoor space
Local 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 | $73.7k | $19.80 |
| − Vacancy | −$6.4k | −$1.71 |
| EGI | $67.3k | $18.09 |
| − OpEx | −$20.2k | −$5.43 |
| NOI | $47.1k | $12.66 |
3,720 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$672.9K
$588.8K – $785.1K
NOI $47,104 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$618.5K
$541.2K – $721.6K
NOI $43,296 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$945.5K
$827.3K – $1.10M
NOI $66,185 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Classic New Orleans fourplex in vibrant, walkable Bywater neighborhood.
Where is this quadplex located?
The property is located at 4101 DAUPHINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: New Orleans fourplex on a corner lot in the Bywater, with 4 units across two levels; Upper units feature traditional shotgun‑style layouts with wood floors, tall ceilings, and abundant natural light; Lower level includes a shotgun‑style unit plus a separate 1‑bedroom unit, with access to shared outdoor space
