Renovated Duplex with
For Sale
$450,000
1412 Dauphine St, New Orleans, LA 70116
Two separate living structures offer a one-bedroom cottage and a studio with a full bathroom.
Property Size1,028 SF
Price / SF$437.74
Days on Market48
Property Features for 1412 Dauphine St
General Information
Standard status
Active
Size
1,028 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Marigny
Building Details
Year Built
1840
Listing Agency:
Witry Collective, L.L.C.
Listed By:
Katie Witry · License #995710150
(504) 919-8585
Source:
Dominionplace
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 5:11PM
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 Witry Collective, L.L.C.
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Investment Insights
Based on property information with market context.
This duplex property includes two separate structures: a front cottage with one bedroom and one bathroom, plus a rear studio with a full bathroom. The 1840's Creole cottage was renovated in 2022 and features 11-foot ceilings, wood floors, operable shutters, designed outdoor storage, and a private courtyard with an outdoor shower. Combined living area totals 1,028 square feet, with an additional outdoor building and rear patio.
The property is located at 1412 Dauphine St in New Orleans, one block from the French Quarter, three blocks from Cabrini Park, and three blocks from Frenchmen Street and Goldring Crescent Park along the Mississippi River. It is within the Historic Marigny Treme Bywater Residential District and the Faubourg Marigny Historic District, with Flood Zone X designation.
The property is located at 1412 Dauphine St in New Orleans, one block from the French Quarter, three blocks from Cabrini Park, and three blocks from Frenchmen Street and Goldring Crescent Park along the Mississippi River. It is within the Historic Marigny Treme Bywater Residential District and the Faubourg Marigny Historic District, with Flood Zone X designation.
Key Highlights
- Two structures with a one‑bedroom cottage and rear studio
- Renovated in 2022; property dates to 1840
- 1,028 square feet of combined living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,017
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,340
$260.3K
Cap Rate 7%
$185,957
$186.0K
Cap Rate 9%
$144,633
$144.6K
Market Conditions
NOI Build-Up for 1,028 SF
Gross rent
$20.4K $19.80/SF
− Vacancy
−$1.8K −$1.71/SF
EGI
$18.6K $18.09/SF
− OpEx
−$5.6K −$5.43/SF
NOI
$13.0K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,340
Cap Rate 7%
$185,957
Cap Rate 9%
$144,633
Alternative Uses
Best Use
Multifamily LT 5
$186.0K
$162.7K – $217.0K
NOI $13,017 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$170.9K
$149.6K – $199.4K
NOI $11,965 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$261.3K
$228.6K – $304.8K
NOI $18,290 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,937
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?
Duplex - Two separate living structures offer a one-bedroom cottage and a studio with a full bathroom.
Where is this duplex located?
The property is located at 1412 Dauphine St New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two structures with a one‑bedroom cottage and rear studio; Renovated in 2022; property dates to 1840; 1,028 square feet of combined living area
