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    Mixed-Use Building with Two-Unit Potential Title is generated by Realmo AI

    1001 N RAMPART Street, New Orleans, LA 70116

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    Claim this Listing
    For Sale
    $1,200,000

    COMMERCIAL - New Orleans, LA

    Property size:
    4,814 SF
    Price / SF:
    $249/SF
    Added:
    Feb 25, 2026
    Days on Market:
    106
    Last Refresh:
    Jun 11 at 5:06 pm

    Property Features for 1001 N RAMPART Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HMC-2
    Standard status
    Active
    APN
    1001-NRAMPARTST
    Size
    4,814 SF

    Taxes and HOA fees

    Tax Description
    SQ 112 LOT 1 NRAMPART AND STPHILIP 31X127

    Utilities

    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2

    We can help!

    Listing Contact
    Kim Carnegie

    Listing agent Kim Carnegie License #995681108

    Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA

    Listing date Feb 25, 2026

    MLS# 2542553

    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 Treme, adjacent to Louis Armstrong Park and just outside the French Quarter.
    • Commercially zoned, offering diverse redevelopment possibilities.
    • Large interior footprint of approximately 4,800 square feet, divisible into two units.
    • Significant scale with 10 bedrooms and 5.5 bathrooms.
    • Strong visibility on North Rampart Street in an iconic and culturally rich area.
    • Rare investment opportunity, available for the first time in 30 years.

    Overview

    Located at 1001 N Rampart Street in New Orleans, this historic, commercially zoned building is listed under HMC-2 zoning. The property contains an approximately 4,800-square-foot interior footprint and can be separated into two units, supporting multiple redevelopment or reconfiguration options. The building includes a total of 10 bedrooms and 5.5 bathrooms, providing scale and layout flexibility for a variety of uses. Thoughtful renovations are expected to return the property to productive use.

    The building is situated in the Treme area, positioned just outside the French Quarter and adjacent to Louis Armstrong Park. Its setting along North Rampart Street places it within a highly recognizable corridor with proximity to tourism, entertainment, and cultural destinations.

    For buyers and investors, the combination of two-unit divisibility and substantial bedroom-and-bath count may appeal to operators seeking adaptable space rather than a fixed single-configuration layout. For developers, the property’s large interior footprint and commercially oriented zoning (HMC-2) can support redevelopment planning, subject to approvals. A Matterport virtual tour is available for review.

    Local Financial Insights For Office B

    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 $109.8k $22.80
    − Vacancy −$15.1k −$3.15
    EGI $94.6k $19.65
    − OpEx −$23.7k −$4.91
    NOI $71.0k $14.74
    4,814 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.01M
    $887.0K – $1.18M (±1% cap)
    NOI $70,959 @ 7.0% cap · market cap 5.91%
    Second Best
    Mixed Use
    $928.4K
    $812.4K – $1.08M (±1% cap)
    NOI $64,989 @ 7.0% cap · market cap 5.42%
    Theoretical Best
    Office A
    $1.22M
    $1.07M – $1.43M (±1% cap)
    NOI $85,649 @ 7.0% cap · market cap 7.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0663406
    Latitude
    29.9631444

    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use building offers large interior space and can be divided into two units for flexible redevelopment.
    Where is this mixed-use property located?
    The property is located at 1001 N RAMPART Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime location in the heart of Treme, adjacent to Louis Armstrong Park and just outside the French Quarter.; Commercially zoned, offering diverse redevelopment possibilities.; Large interior footprint of approximately 4,800 square feet, divisible into two units.
    More about this property
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