8-Unit Multifamily
2014 North Rampart Street New Orleans, LA 70116
For Sale
$1,550,000
8-unit multifamily property offered for sale, situated next to Frenchmen St within walking distance of the French Quarter.
Property Size6,600 SF
Price / SF$234.85
Days on Market416
Property Features for 2014 North Rampart Street
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing Agency:
Elifin Realty
(225) 659-8650
Listed By:
Mathew J Laborde SIOR CCIM · License #0995694683
(225) 659-8650
Source:
Compass
Added: Jun 4, 2025
Changed: Jul 23
Last Checked: Jul 23 at 8:22AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
2014 N Rampart St presents an 8-unit multifamily building available for sale. The offering is available via the provided offering memorandum.
The property is located within walking distance of the historic French Quarter and sits directly next to Frenchmen St, noted for its live music corridor. Nearby venues referenced include The Maison, Blue Nile, and D. B. A., along with Ruby Slipper, Wasabi Sushi & Asian Grill, and Langlois.
The property is zoned HMR-1 for the Historic Marigny/Treme/Bywater Residential District.
The property is located within walking distance of the historic French Quarter and sits directly next to Frenchmen St, noted for its live music corridor. Nearby venues referenced include The Maison, Blue Nile, and D. B. A., along with Ruby Slipper, Wasabi Sushi & Asian Grill, and Langlois.
The property is zoned HMR-1 for the Historic Marigny/Treme/Bywater Residential District.
Key Highlights
- 8‑unit multifamily property offered for sale next to Frenchmen St, within walking distance of the French Quarter
- Located in a live‑music corridor near venues including The Maison, Blue Nile, and D. B. A.
- Interior includes microwave, range/oven, and refrigerator appliances
Financial Insights For Apartment 5plus
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 | $153.6k | $23.28 |
| − Vacancy | −$14.0k | −$2.12 |
| EGI | $139.7k | $21.16 |
| − OpEx | −$62.8k | −$9.52 |
| NOI | $76.8k | $11.64 |
6,600 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$960.2K – $1.28M
NOI $76,816 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,425 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 8-unit multifamily property offered for sale, situated next to Frenchmen St within walking distance of the French Quarter.
Where is this apartment building located?
The property is located at 2014 North Rampart Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 8‑unit multifamily property offered for sale next to Frenchmen St, within walking distance of the French Quarter; Located in a live‑music corridor near venues including The Maison, Blue Nile, and D. B. A.; Interior includes microwave, range/oven, and refrigerator appliances
