Historic Treme Building For
1029 N RAMPART Street New Orleans, LA 70116
For Sale
$1,130,000
MULTI_FAMILY - New Orleans, LA
Property Size4,814 SF
Price / SF$234.73
Days on Market168
Property Features for 1029 N RAMPART Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Balcony, Courtyard
Standard status
Active
APN
1029-NRAMPARTST
Size
4,814 SF
Taxes and HOA fees
Tax Description
SQ 112 LOY 28 N RAMPART 30X120
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1850
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 4:06AM
MLS# 2542017
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 a rare investment opportunity. The property, situated on North Rampart Street adjacent to Louis Armstrong Park, offers approximately 4,800 sq ft of space. The building features 8 bedrooms and 5 baths, with a large interior footprint that allows for multiple layout and redevelopment possibilities. Positioned within one of New Orleans' most iconic and culturally rich corridors, the property benefits from strong visibility and proximity to major tourism, entertainment, and cultural destinations. Potential uses include a boutique hotel, mixed-use development, or luxury condominiums. Thoughtful renovations could enhance its value as a long-term asset. The property is located in New Orleans, Louisiana.
Key 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 sq ft with 8 bedrooms and 5 baths.
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 | $115.5k | $24.00 |
| − Vacancy | −$11.6k | −$2.40 |
| EGI | $104.0k | $21.60 |
| − OpEx | −$39.0k | −$8.10 |
| NOI | $65.0k | $13.50 |
4,814 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$928.4K
$812.4K – $1.08M
NOI $64,989 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,649 @ 7.0% cap · market cap 7.58%
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, 8-bedroom property near French Quarter.
Where is this mixed-use property located?
The property is located at 1029 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,130,000.
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 sq ft with 8 bedrooms and 5 baths.
