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    Historic Treme Mixed-Use Building Title is generated by Realmo AI

    1009 N RAMPART Street, New Orleans, LA 70116

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    For Sale
    $1,160,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    4,977 SF
    Price / SF:
    $233/SF
    Added:
    Feb 12, 2026
    Days on Market:
    121
    Last Refresh:
    Jun 13 at 7:06 am

    Property Features for 1009 N RAMPART Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1009-NRAMPARTST
    Size
    4,977 SF

    Taxes and HOA fees

    Tax Description
    SQ 112 LOT 26-A N RAMPART 31X127

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1870
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Cottage

    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 12, 2026

    MLS# 2542019 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

    • Historic cottage on North Rampart St, commercially zoned, adjacent to Louis Armstrong Park
    • Approximately 4,900 SF building separated into two units with a large interior footprint
    • Includes 9 bedrooms and 4 bathrooms total, offering flexible layout options
    • Year built 1870 with shingle roof
    • Central heating and central air; public water source
    • Matterport virtual tour available

    Overview

    Located in the heart of Treme, just outside the French Quarter, this historic, commercially zoned building presents a rare investment opportunity. Situated on North Rampart Street and adjacent to Louis Armstrong Park, this property offers approximately 4,900 square feet of space. The building has been separated into two units and offers a large interior footprint with multiple redevelopment possibilities. It includes a total of 9 bedrooms and 4 bathrooms, providing scale and flexibility for a variety of income-producing or redevelopment strategies. Positioned within one of New Orleans' most iconic and culturally rich corridors, the property offers strong visibility and proximity to major tourism, entertainment, and cultural destinations. Thoughtful renovations would bring this storied building back to life and enhance its value as a long-term investment asset.

    Local Financial Insights For Mixed Use

    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 $119.4k $24.00
    − Vacancy −$11.9k −$2.40
    EGI $107.5k $21.60
    − OpEx −$40.3k −$8.10
    NOI $67.2k $13.50
    4,977 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $959.9K
    $839.9K – $1.12M (±1% cap)
    NOI $67,190 @ 7.0% cap · market cap 5.79%
    Second Best
    Multifamily LT 5
    $900.3K
    $787.8K – $1.05M (±1% cap)
    NOI $63,021 @ 7.0% cap · market cap 5.43%
    Theoretical Best
    Office A
    $1.26M
    $1.11M – $1.48M (±1% cap)
    NOI $88,549 @ 7.0% cap · market cap 7.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Law Firm 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
    -90.066334
    Latitude
    29.963383

    FAQs

    What type of property is this?
    Mixed-use property - Historic commercially zoned building in Treme, near French Quarter.
    Where is this mixed-use property located?
    The property is located at 1009 N RAMPART Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $1,160,000.
    What are key features of this property?
    This property features: Historic cottage on North Rampart St, commercially zoned, adjacent to Louis Armstrong Park; Approximately 4,900 SF building separated into two units with a large interior footprint; Includes 9 bedrooms and 4 bathrooms total, offering flexible layout options
    More about this property
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