Historic Mixed-Use Building in
1015 N RAMPART Street New Orleans, LA 70116
For Sale
$1,100,000
MULTI_FAMILY - New Orleans, LA
Property Size4,754 SF
Price / SF$231.38
Days on Market168
Property Features for 1015 N RAMPART Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
1015-NRAMPARTST
Size
4,754 SF
Taxes and HOA fees
Tax Description
SQ 112 LOT 26-B 31X127
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1870
Floors in Building
2
Number of units
3
Roof type
Shingle
Architectural style
Cottage
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 5:06AM
MLS# 2542018
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 in the heart of Treme, just outside the French Quarter, this historic, commercially zoned building presents an investment opportunity. Situated on North Rampart Street and adjacent to Louis Armstrong Park, the approximately 4,700 sq ft property is separated into three units. The building offers a large interior footprint with multiple redevelopment possibilities. It includes a total of 14 bedrooms and 5.5 baths, 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 visibility and proximity to major tourism, entertainment, and cultural destinations. The property is suitable for mixed-use, multifamily, residential income, storefront, and retail purposes.
Key Highlights
- Approximately 4,700 sq ft historic, commercially zoned building on North Rampart St, adjacent to Louis Armstrong Park
- Separated into 3 units with a total of 14 bedrooms and 5.5 baths for flexible income or redevelopment uses
- Year built 1870 with cottage architectural style
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 | $114.1k | $24.00 |
| − Vacancy | −$11.4k | −$2.40 |
| EGI | $102.7k | $21.60 |
| − OpEx | −$38.5k | −$8.10 |
| NOI | $64.2k | $13.50 |
4,754 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$916.8K
$802.2K – $1.07M
NOI $64,179 @ 7.0% cap · market cap 5.83%
Second Best
Multifamily LT 5
$860.0K
$752.5K – $1.00M
NOI $60,198 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,582 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned, 3-unit property near French Quarter and Louis Armstrong Park.
Where is this mixed-use property located?
The property is located at 1015 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 4,700 sq ft historic, commercially zoned building on North Rampart St, adjacent to Louis Armstrong Park; Separated into 3 units with a total of 14 bedrooms and 5.5 baths for flexible income or redevelopment uses; Year built 1870 with cottage architectural style
