Duplex with Income
For Sale
$1,475,000
2412 N RAMPART Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size3,891 SF
Lot Size0.09 Acres
Price / SF$379.08
Days on Market94
Property Features for 2412 N RAMPART Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 7, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 5
Parking
2
Parking features
Garage - Attached
Patio and Porch features
Porch
Interior features
Elevator
Accessibility
Accessible Elevator Installed
Directions
ONE BLOCK RIVERSIDE OF ST CLAUDE & 2 BLOCKS OFF ELYSIAN FIELDS AVE
Standard status
Active
APN
2412Ranoart
Size
3,891 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SQ 274 LOT 2
Legal Description
SQ 274 LOT 2
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
water filtration system
natural gas generator
pool
laundry centers
balconies
Building Details
Year built
2024
Number of units
2
Flooring type
Wood
Building materials
Frame, HardiPlank Type
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Chris M Smith · License #000009641
(504) 231-2004
Added: Jul 24
Changed: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 2569266
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 2024, this 3,891-square-foot duplex combines an owner’s residence, a private guest suite, and a separate one-bedroom apartment. The residence includes an elevator, wood flooring, central heating and air conditioning, and an attached two-car garage. The apartment has an open living and dining area with a kitchen. Outdoor features include a heated and chilled in-ground pool, terraces, balconies, and a porch. Three laundry centers serve the property, and soundproofing is installed between units.
The property occupies a 30-by-127-foot lot in New Orleans, three blocks from Frenchmen Street. Nearby destinations named in the property information include Hotel Peter & Paul, Robert Fresh Market, and Ayu Bakehouse. The parcel is in an X Flood Zone and has public water and sewer service, with natural gas available.
The property occupies a 30-by-127-foot lot in New Orleans, three blocks from Frenchmen Street. Nearby destinations named in the property information include Hotel Peter & Paul, Robert Fresh Market, and Ayu Bakehouse. The parcel is in an X Flood Zone and has public water and sewer service, with natural gas available.
Key Highlights
- 3,891 square feet of building area on a 30' x 127' lot
- Built in 2024; located in an X Flood Zone
- Separate one‑bedroom apartment with open living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,270
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,400
$985.4K
Cap Rate 7%
$703,857
$703.9K
Cap Rate 9%
$547,444
$547.4K
Market Conditions
NOI Build-Up for 3,891 SF
Gross rent
$77.0K $19.80/SF
− Vacancy
−$6.7K −$1.71/SF
EGI
$70.4K $18.09/SF
− OpEx
−$21.1K −$5.43/SF
NOI
$49.3K $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%
$985,400
Cap Rate 7%
$703,857
Cap Rate 9%
$547,444
Alternative Uses
Best Use
Multifamily LT 5
$703.9K
$615.9K – $821.2K
NOI $49,270 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$647.0K
$566.1K – $754.8K
NOI $45,287 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$989.0K
$865.3K – $1.15M
NOI $69,227 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,240
Businesses Nearby
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Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
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 - A separate one-bedroom apartment and private guest suite provide distinct living spaces within the property.
Where is this duplex located?
The property is located at 2412 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 3,891 square feet of building area on a 30' x 127' lot; Built in 2024; located in an X Flood Zone; Separate one‑bedroom apartment with open living and dining area
