Historic Mixed-Use
For Sale
$1,200,000
1001 N RAMPART Street, New Orleans, LA 70116
MULTI_FAMILY - New Orleans, LA
Property Size4,814 SF
Price / SF$249.27
Days on Market168
Property Features for 1001 N RAMPART Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Exterior features
Balcony
Lot features
Regular
Subdivision
Treme/French Quarter
Standard status
Active
APN
1001-NRAMPARTST
Size
4,814 SF
Taxes and HOA fees
Tax Description
SQ 112 LOT 1 NRAMPART AND STPHILIP 31X127
Legal Description
SQ 112 LOT 1 NRAMPART AND STPHILIP 31X127
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Kim Carnegie · License #995681108
(337) 522-7554
Added: Feb 12
Changed: Jun 4
Last Checked: Jul 30 at 5:06PM
MLS# 2542020
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 historic, commercially zoned building offers an interior footprint of approximately 4,800 square feet and is configured with 10 bedrooms and 5.5 bathrooms. The layout can be separated into two units, giving an owner flexibility to operate as-is or adjust the plan during renovation. With thoughtful updates, the property can be brought back for multiple redevelopment directions tied to the building’s existing size and room count. A Matterport virtual tour is available.
The property is located at 1001 N Rampart Street in New Orleans, positioned just outside the French Quarter. It sits adjacent to Louis Armstrong Park, placing it within a high-activity tourism, entertainment, and cultural corridor.
For buyers or operators, the combination of a split-able configuration and substantial interior space supports a range of practical uses, from maintaining a multi-unit setup to pursuing a redevelopment plan that matches the building’s bedroom and bathroom distribution. The property’s commercial zoning and two-unit potential make it a workable fit for those looking to add or reposition a mixed-use asset with renovation scope.
The property is located at 1001 N Rampart Street in New Orleans, positioned just outside the French Quarter. It sits adjacent to Louis Armstrong Park, placing it within a high-activity tourism, entertainment, and cultural corridor.
For buyers or operators, the combination of a split-able configuration and substantial interior space supports a range of practical uses, from maintaining a multi-unit setup to pursuing a redevelopment plan that matches the building’s bedroom and bathroom distribution. The property’s commercial zoning and two-unit potential make it a workable fit for those looking to add or reposition a mixed-use asset with renovation scope.
Key Highlights
- Prime location in the heart of Treme, adjacent to Louis Armstrong Park and just outside the French Quarter.
- Commercially zoned, offering a rare investment opportunity.
- Large interior footprint of approximately 4,800 square feet with multiple redevelopment possibilities.
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
NOI $70,959 @ 7.0% cap · market cap 5.91%
Second Best
Mixed Use
$928.4K
$812.4K – $1.08M
NOI $64,989 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,649 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in New Orleans, LA
Properties on Market for Mixed-use properties in New Orleans
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned historic building with two-unit potential, 10 bedrooms, and 5.5 baths near Louis Armstrong Park.
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 a rare investment opportunity.; Large interior footprint of approximately 4,800 square feet with multiple redevelopment possibilities.
