Historic Treme Building For
1029 North Rampart Street, New Orleans, LA 70116
Historic 4,800 sq ft commercially zoned building in Treme.
Type:MULTI FAMILY FOR SALE / Townhouse
Property size:
4,814 SFPrice / SF:
$234/SF- Added:
- Feb 4, 2026
- Days on Market:
- 118
- Last Refresh:
- Mar 13 at 11:24 am
Property Features for 1029 North Rampart Street
General Information
- Standard status
- Active
- Size
- 4,814 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1850
Listing agent Kim Carnegie License #995681108 (504) 723-1010
Listing office eXp Realty, LLC (504) 723-1010
Listing date Feb 4, 2026
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
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.
- Historic building (built in 1850) with strong visibility in an iconic and culturally rich corridor.
- Strong proximity to major tourism, entertainment, and cultural destinations.
- 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. The property, situated on North Rampart Street and adjacent to Louis Armstrong Park, offers approximately 4,800 sq ft of space. It 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 offers 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 would bring this storied building back to life and enhance its value as a long-term 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 | $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
Apartment 5plus
$800.4K
$700.4K – $933.8K
NOI $56,029 @ 7.0% cap · market cap 4.96%
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 local authorities.
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0659464
- Latitude
- 29.963605
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Historic 4,800 sq ft commercially zoned building in Treme.
Where is this multifamily property located?
The property is located at 1029 North 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.
