Historic 7-Unit Apartment
For Sale
$2,249,000
1309 DAUPHINE Street, New Orleans, LA 70116
Commercial Sale, 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
Commercial Sale
Property subtype
Other
Zoning
VCR-1
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
Water source
Public
Amenities
stainless steel appliances
Carrera marble countertops
gas ranges
dishwashers
in-unit washers and dryers
Building Details
Year built
1883
Floors in Building
3
Building materials
Frame, Wood Siding
Buildings
1
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Justin Warren · License #995710345
(601) 297-9909
Added: Sep 10
Changed: Oct 23
Last Checked: Oct 25 at 2:06PM
MLS# 2576653
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 apartment property contains seven residences across 6,069 square feet on a 0.0972-acre lot. The unit mix includes one-, two-, and three-bedroom layouts, totaling 13 bedrooms and 13 full baths. Historic elements include a Mansard roof, cypress siding, Heart Pine floors, and crystal chandeliers. Renovations updated the electrical, plumbing, and HVAC systems and added fire sprinklers. Apartments feature stainless steel appliances, Carrera marble counters, gas ranges, dishwashers, and in-unit washers and dryers.
The property is on Dauphine Street in the French Quarter, next to Cabrini Park and Port of Call, and near the Esplanade Avenue corridor. Public water and public sewer serve the site, which is zoned VCR-1.
Six units are rented; the seventh is occupied by the current owner, who plans to remain as a rent-paying tenant after the sale.
The property is on Dauphine Street in the French Quarter, next to Cabrini Park and Port of Call, and near the Esplanade Avenue corridor. Public water and public sewer serve the site, which is zoned VCR-1.
Six units are rented; the seventh is occupied by the current owner, who plans to remain as a rent-paying tenant after the sale.
Key Highlights
- Seven apartments with 13 bedrooms and 13 full baths across 6,069 square feet
- Built in 1883; three stories on a 0.0972‑acre lot
- One-, two-, and three‑bedroom unit mix; six of seven units currently rented
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated electrical, plumbing, and HVAC systems complement preserved architectural features and in-unit laundry.
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 baths across 6,069 square feet; Built in 1883; three stories on a 0.0972‑acre lot; One-, two-, and three‑bedroom unit mix; six of seven units currently rented
