7-Unit Victorian Apartment
For Sale
$2,249,000
1309 DAUPHINE Street, New Orleans, LA 70116
Multifamily, New Orleans, LA
Property Size6,069 SF
Lot Size0.10 Acres
Price / SF$370.57
Days on Market46
Property Features for 1309 DAUPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
13
Bathrooms
13
Full bathrooms
13
Rooms
Bedroom 1, Bathroom 12, Bathroom 5, Bathroom 3, Bathroom 13, Bathroom 2, Bathroom 11, Bedroom 11, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 6, Bedroom 12, Bedroom 10, Bathroom 6, Bathroom 10, Bathroom 4, Bathroom 8, Bedroom 13, Bathroom 9, Bedroom 2, Bedroom 9, Bedroom 7, Bathroom 7, Bathroom 1
Patio and Porch features
Porch
Directions
River bound Esplanade turn right on Dauphine first block
Standard status
Active
APN
208101902
Size
6,069 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SQ 81 LOT B OR 15 DAUPHINE ST 32-2/34X26-100/63-63
Legal Description
SQ 81 LOT B OR 15 DAUPHINE ST 32-2/34X26-100/63-63
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
courtyard
communal patio
balcony
Building Details
Year built
1883
Number of units
7
Building materials
Frame, Wood Siding
Architectural style
Victorian
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Justin Warren · License #995710345
(601) 297-9909
Added: Sep 10
Changed: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 2576654
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1883, this three-story Victorian apartment property contains seven residences across 6,069 square feet. The unit mix includes one-, two-, and three-bedroom layouts, totaling 13 bedrooms and 13 full bathrooms. Six apartments are rented; the owner occupies the seventh and plans to stay as a rent-paying tenant after closing.
Historic details include a Mansard roof, cypress siding, Heart Pine floors, and crystal chandeliers. Renovations addressed electrical, plumbing, and HVAC systems and added fire sprinklers. Individual residences feature stainless steel appliances, Carrera marble countertops, gas ranges, dishwashers, and in-unit washers and dryers. Shared amenities include a courtyard, patio, and balcony; a detached rear unit is also part of the property.
The property is on Dauphine Street beside Cabrini Park and Port of Call, near the Esplanade Avenue corridor in the Vieux Carré. The parcel measures 0.0972 acres.
Historic details include a Mansard roof, cypress siding, Heart Pine floors, and crystal chandeliers. Renovations addressed electrical, plumbing, and HVAC systems and added fire sprinklers. Individual residences feature stainless steel appliances, Carrera marble countertops, gas ranges, dishwashers, and in-unit washers and dryers. Shared amenities include a courtyard, patio, and balcony; a detached rear unit is also part of the property.
The property is on Dauphine Street beside Cabrini Park and Port of Call, near the Esplanade Avenue corridor in the Vieux Carré. The parcel measures 0.0972 acres.
Key Highlights
- Seven apartments with 13 bedrooms and 13 full bathrooms
- 6,069 square feet; built in 1883 on a 0.0972‑acre lot
- Six units are rented; the owner plans to remain in the seventh as a rent‑paying tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,636
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,720
$1.4M
Cap Rate 7%
$1,009,086
$1.0M
Cap Rate 9%
$784,844
$784.8K
Market Conditions
NOI Build-Up for 6,069 SF
Gross rent
$141.3K $23.28/SF
− Vacancy
−$12.9K −$2.12/SF
EGI
$128.4K $21.16/SF
− OpEx
−$57.8K −$9.52/SF
NOI
$70.6K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,720
Cap Rate 7%
$1,009,086
Cap Rate 9%
$784,844
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$883.0K – $1.18M
NOI $70,636 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,978 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Historic residences combine updated building systems, in-unit laundry, and shared outdoor spaces.
Where is this apartment building located?
The property is located at 1309 DAUPHINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: Seven apartments with 13 bedrooms and 13 full bathrooms; 6,069 square feet; built in 1883 on a 0.0972‑acre lot; Six units are rented; the owner plans to remain in the seventh as a rent‑paying tenant
