Four-Unit Mixed-Use
2000 Dumaine Street New Orleans, LA 70116
2000 Dumaine Street, New Orleans, LA, 70116
$515,000
For Sale
$515,000
For sale four-unit mixed-use building built in 1945, offered strictly as-is for restoration-minded buyers.
Property Size3,200 SF
Price / SF$160.94
Days on Market95
Property Features for 2000 Dumaine Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1945
Listing agency
Bonner & Harris Realty
(504) 338-2429
Listed by
Trice Bonner - Harris · License #995697675
(504) 338-2429
Source
Compass
Added: Apr 18 Updated: Jul 10 at 1:52PM Checked: Jul 20 at 3:09AM
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 Bonner & Harris Realty
Investment Insights
Based on property information with market context.
Built in 1945, this mixed-use commercial and residential property contains four units within a single structure. The offering is strictly sold as-is, with all measurements approximate and not guaranteed. This is a restoration opportunity for a buyer or investor looking to return the building to a functional, income-producing state.
The property is located along the N. Claiborne corridor and is described as being near several well-known New Orleans destinations, including Congo Square and Dookey Chase Restaurant, along with the Zulu Club and Circle Food Store. The surrounding area is noted as having public transportation access and bike lanes, supporting connectivity for residents and visitors.
Given the as-is condition and the need for restoration, this asset may be best suited for buyers who can manage renovations and evaluate the building’s unit-by-unit potential based on their own inspections. With four residential units already in place, it provides a straightforward framework for an operator seeking a small, multi-unit mixed-use property. Prospective buyers should plan for due diligence around condition, layout, and final scope of work before moving forward.
The property is located along the N. Claiborne corridor and is described as being near several well-known New Orleans destinations, including Congo Square and Dookey Chase Restaurant, along with the Zulu Club and Circle Food Store. The surrounding area is noted as having public transportation access and bike lanes, supporting connectivity for residents and visitors.
Given the as-is condition and the need for restoration, this asset may be best suited for buyers who can manage renovations and evaluate the building’s unit-by-unit potential based on their own inspections. With four residential units already in place, it provides a straightforward framework for an operator seeking a small, multi-unit mixed-use property. Prospective buyers should plan for due diligence around condition, layout, and final scope of work before moving forward.
Key Highlights
- 2‑story mixed‑use building built in 1945 with 4 units, sold strictly as‑is
- 7 bedrooms and 4 full bathrooms across the property
- Central air cooling and central heating with other heat types
Local Financial Insights For Multifamily LT 5
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 | $63.4k | $19.80 |
| − Vacancy | −$5.5k | −$1.71 |
| EGI | $57.9k | $18.09 |
| − OpEx | −$17.4k | −$5.43 |
| NOI | $40.5k | $12.66 |
3,200 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.9K
$506.5K – $675.3K
NOI $40,520 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$532.1K
$465.6K – $620.7K
NOI $37,244 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$813.3K
$711.7K – $948.9K
NOI $56,933 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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Hair Salon
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FAQs
What type of property is this?
Quadplex - For sale four-unit mixed-use building built in 1945, offered strictly as-is for restoration-minded buyers.
Where is this quadplex located?
The property is located at 2000 Dumaine Street New Orleans, LA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2‑story mixed‑use building built in 1945 with 4 units, sold strictly as‑is; 7 bedrooms and 4 full bathrooms across the property; Central air cooling and central heating with other heat types
